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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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JulieCo
New Member

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. 

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2 Replies

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
JulieCo
New Member

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. 

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