How? Are you using TurboTax Business?

You first need to indicate that there was an ownership change in the About Your Business tab.

In a partnership or S-Corp switch to the forms mode to make any changes you need to make.

We do but I tried doing an test on our 2021 return but it does not ask me to change the %'s anywhere.  I read all the other posts where they also did not get the question to change the %'s

4 member LLC

I did that per other suggestions in this form but it does not carry through.  I know other posted after you override the %'s, I would need to manually calculate changes for the K-1.

I did pick that and made the second date 1/2/21. It is having an flowing through.  It is not very user friendly to change the %'s

even though only family members are involved changing member %'s may have tax consequences other than on just changing the amounts allocated. 

Thank you everyone.  That is why I was using 2021 as a test so we could be prepared if there are tax consequences.  

Since Turbo Tax does such a great job it would have us prepared if we need to pay in extra taxes.

Any help in getting 2021 test to work is appreciated.