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How do I allocate the profit since the one partner has 5,000% profit, the others show loss?
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June 6, 2019
10:25 AM
last updated
June 06, 2019
10:25 AM
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How do I allocate the profit since the one partner has 5,000% profit, the others show loss?
You will want to double check the percentage of ownership allocations set up for each partner under the Partner/Member Information within the Busines Info tab of TurboTax. See sample screenshot attached.
June 6, 2019
10:25 AM
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How do I allocate the profit since the one partner has 5,000% profit, the others show loss?
total profit for llc is $ 1 for the year. Expect 2017 invoices to be paid in 2018
June 6, 2019
10:25 AM
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How do I allocate the profit since the one partner has 5,000% profit, the others show loss?
You will want to double check the percentage of ownership allocations set up for each partner under the Partner/Member Information within the Busines Info tab of TurboTax. See sample screenshot attached.
June 6, 2019
10:25 AM
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