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LLC husband-wife both have 100% ownership
My wife and I have a domestic LLC based in Colorado. In past years, our accountant has shown each of us to have 100% ownership and 50% profit/loss. When I try to do this in 2019 turbotax business, it complains that the ownership % is over 100%. I am specifying that the profit/loss percentage is different from the ownership percentage. How do I show both husband and wife as each having 100% ownership?
‎February 28, 2020
10:55 AM