- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
If the LLC is being taxed as a partnership, and more than 50% of the ownership
changes it is considered a "Technical Termination". See IRS Publication 541, on how
to handle a Partnership Termination.
If the LLC is taxed as a corporation, the sale of the members interest would
be treated as a capital gain, the sale price being $7,500 and the cost being the
members basis.
May 31, 2019
7:16 PM