you say you filed 2020 using Turbotax Business. that app is only for a Partnership, S-Corp, C-Corp, Multimember LLC, Trust or Estate. a single-member LLC does not file its own business return. the business gets reported directly on the taxpayers 1040. An LLC can elect to be taxed as an S-Corp or C-Corp. A multimember LLC files form 1065. so what type of return was filed for 2020. the 2020 return should also have had form 8594 - an asset allocation statement.
the reason I'm asking, is that in certain situations the distribution of the installment sale obligations by the selling entity to the owners of the selling entity can result in the requirement to immediately recognize the deferred gain.
