The home, which was the sole asset in the LLC, was sold, and there was a significant gain on the property. so that on line 9a, the gain is shown. Our percentage in the LLC remained the same @ 33.3%. The proceeds from the sale of the home/asset was then shown as distributions on line 19A. The LLC was then dissolved post sale. My dilemma is that I show the details of the gain on the "Enter sale information" in Turbotax as well as the 1065 K-1 worksheet section, it appears to be taxing it twice. I am unsure how to do it properly and avoid this. Thanks for your input.
