2266437
turbotax icon
turbotax icon
cancel
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Yes No
storybox
Level 1

Change Company Ownership Percentages in Biz Desktop 2020

We had an LLC Member decide to leave company ownership. We need to reallocate their percentage to the other remaining owners. I can't find where to do this in the TurboTax Business 2020 Software on PC (download version). When I go to Partner/Member Information, it has nothing about ownership Percentages. 

posted
‎May 11, 2021 3:21 PM
last updated ‎May 11, 2021 3:21 PM
0
3
880
Reply
Bookmark Icon
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
Anonymous_
Level 15

Change Company Ownership Percentages in Biz Desktop 2020

Click the edit button shown in the screenshot below and change the answer to "Yes".

 

1.png

 

 

‎May 11, 2021 5:13 PM
0
2
847
Reply
Bookmark Icon
storybox
Level 1

Change Company Ownership Percentages in Biz Desktop 2020

That was the first step I took and does nothing to allow me to change the percentages unfortunately. 

‎May 12, 2021 1:51 PM
0
1
842
Reply
Bookmark Icon
Anonymous_
Level 15

Change Company Ownership Percentages in Biz Desktop 2020

Did you come across the following screen in the Partner/Member Information section?

 

1.png

‎May 12, 2021 2:18 PM
0
836
Reply
Bookmark Icon

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Featured forums
Taxes
Lower Debt
Investing
Self-Employed
All topics

Unlock tailored help options in your account.

Live Assisted: Get answers to all your tax questions! Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Live Assisted. Explore your options!
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question

Related Content

lucky7lashes-vb
taxbadlo
Britania
schumom3
ethanroth9112

Did the information on this page answer your question?

thumb-up Yes
thumb-down No
close icon
checkmark

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

and start working
on your taxes

File your taxes, your way

Get expert help
or do it yourself.

Get started
close icon
icon help

Access additional help, including our tax experts

Post your question

to receive guidance
from our tax experts and community.

Connect with an expert

Real experts - to help
or even do your taxes for you.

Get started