I'm dissolving an LLC partnership that made no income and has no outstanding debt. Do re-distributed stakes that are returned to partners get taxed as income tax?

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they would have a gain or loss if the distribution differed from their basis before distribution. if it exceeds basis there's a gain, if it is less they have a loss. they should report the transaction on form 8949 even if there is no gain or loss.

A Partnership LLC was opened and dissolved within the same year in Michigan, do I still have to pay state taxes to Michigan?

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I'm dissolving an LLC partnership that made no income and has no outstanding debt. Do re-distributed stakes that are returned to partners get taxed as income tax?

I'm dissolving an LLC partnership that made no income and has no outstanding debt. Do re-distributed stakes that are returned to partners get taxed as income tax?

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I'm dissolving an LLC partnership that made no income and has no outstanding debt. Do re-distributed stakes that are returned to partners get taxed as income tax?

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I'm dissolving an LLC partnership that made no income and has no outstanding debt. Do re-distributed stakes that are returned to partners get taxed as income tax?

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