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Business & farm
Yes, since you started it in 2022 with 3 members, you will need to file a 1065 and 4 K-1's (the 3 family members and yourself). You will report the other members starting ownership beginning percentage and their ending ownership percentage.
Since you have gone from a multi member LLC to a single member LLC, you may want to contact a local Business Advisor on how to proceed as your tax reporting requirements are different when you change to the single member LLC.
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‎January 31, 2023
6:56 PM
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