First year using TurboTax for LLC return. We have an investment LLC with 5 members at the beginning of 2021. In June we opened the fund for additional investors and got 20 new ones. I have set up all of the new investors with their ownership percentages and the dates of change. Does TurboTax allow you to use an interim closing method to allocate the LLC income/expense? Basically having 2 closings and allocating its items among the partners in accordance with their respective partnership interests during each segment of the taxable year. The only option I can find is the weighted average.
