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More than 50% change of ownership in my LLC in 2024
I had a change of ownership with the following changes:
1. Members divested (sold their interest back to the LLC)
2. one of the members purchased 65% of the total equity in the company
3. Turbo tax advises that if more than a 50% ownership change occurs, the LLC must file a "final" return, then file a new one with the new ownership structure
4. How do you do that in Turbo Tax?
Topics:
March 14, 2025
4:04 PM