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I sold my 50% share of an llc to my business partner. Where do I report that income on the business taxes so it shows on my k1?
I am doing the company taxes. I see where I enter the partnership change, but no where do I see how I report the dollar amount of the sale. Is it required? I will then do my personal taxes with the K-1. How do I report the income I received for the sale?
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‎June 3, 2019
5:21 PM