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

[Danielschwartz7]

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!

[Anonymous_ · Accepted solution]

I would suggest that you read the recommended answer in the following thread.

https://ttlc.intuit.com/community/business-taxes/discussion/re-purchased-partner-s-50-ownership-of-a...