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Returning Member
posted Mar 2, 2020 7:02:55 PM

LLC Owner Removed in 2018 Tax return on K-1. Does this need to be addressed in 2019 return?

Good evening! I am owner of an LLC, which in 2018 was a multi-member LLC, but in 2019 became a single-member LLC. The other owner left the company on 12/31/2018, and on the 2018 tax return, his K-1 was checked as "final k-1". Is there anything that needs to be done with regards to this change on the 2019 tax return? Thank you for your help!

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Level 15
Mar 2, 2020 7:23:51 PM
1 Replies
Level 15
Mar 2, 2020 7:23:51 PM