Re: My LLC started as a partnership but is turning...
taxes4sumting
Level 3

Business & farm

if you and your partner agreed to a buyout as of 12.31.2019 and that your partner would have full control after that date then the partnership terminated on 12.31.2019.....it doesn't matter when your partner pays you for your interest in the partnership...the partnership ceased to exist after the end of last year.

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