At the beginning of last year, one member in my LLC transferred ownership to a new member. I've included both in the list of members. I set the percentage of ownership, profit, and loss to beginning 20% and ending 0% for the old member, and to beginning 0% and ending 20% for the new member. On the Sch K-1 Wks, it appears correct.
However, on the Schedule K-1's for both members, it shows as beginning and ending 20%. The dollar amounts listed in Part III ("ordinary business income (loss)", etc.) are accurate.
This looks like a bug? Should I just override the fields to correct it, or am I missing something?
