2069722
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

epica
Returning Member

Which date should be used for the date of ownership change?

Had a two-member LLC partnership. One owner was removed in 2020. TurboTax is asking me the "Date of Ownership Change", which date do I use? The date the AZ corporation commission approved the change or the date we agreed to do the change? Both are two very different dates and will impact him on his K1 since there was a profit recognized. But, I want this to be right.

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.

1 Reply
JeffreyR77
Expert Alumni

Which date should be used for the date of ownership change?

You should check with a legal authority in Arizona to determine the legal effective date. 

 

This is a legal question, not a tax question.  

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question