Should I receive a final K-1 from an LLC (taxed as S-Corp) after selling my membership interest?

[ufd]

I left a multi-member LLC (taxed as S-Corp) in 2017. I assigned and sold my membership interest to remaining members. Members purchased my interest using personal funds, not the LLC's.

Should I receive a final K-1 or any other tax forms?

[PaulaM]

Yes, you should receive a final K-1. It should show the sale of interest in addition to income/loss while owned. The K-1 should be sent by 3/15.

[ufd]

Even if the members used personal funds to purchase my interest?

[PaulaM]

Yes. The interest should be shown as $0

[ufd]

Should I expect to receive any other tax forms related to the buyout?

[PaulaM]

No. Report the sale when the K-1 is entered.