I assume you are referring to your Schedule K-1 Line J where it reflects capital ownership?
If my assumption is correct, I believe the accountant was incorrect in the presentation. This amount should be based on the capital each member put in which should agree to the operating agreement.
The prior accountant most likely indicated ownership based on the rules of attribution and that is not correct. The K-1 instructions for this line make no mention of attribution ownership. The instructions state that "...the capital line is the portion of the capital you would receive if the partnership (LLC) was liquidated at the end of the year...."
So if your capital ownership is equal to your profit and loss allocation, that is the percentage you need to use.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
