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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.
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‎September 17, 2019
1:45 PM