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Business & farm
You cannot "transfer" assets in TurboTax. Instead, you'll need to "sell" the assets from the old LLC and enter them again as assets for each new LLC.
This is a complex and tedious process, and you may consider upgrading to TurboTax Live. This online service provides step-by-step guidance from a tax expert whenever you need assistance, either over the phone or by screensharing.
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‎February 12, 2024
8:51 AM