HydroSci
Returning Member

Profit Percentage on 1065

Husband and Wife LLC filing 1065 and CA 568.

 

Can change profit percentages between years (e.g., 50/50 to 80/20 to 30/70 etc.)?  Are there any issues with doing that?  (I want to) CPAs in the past just allocated profits differently than the stated 50/50 percent, and included a statement that it was proportional share of aggregate.