Solved
Will the turbo tax business handle the death of one of a 2 person LLC
Does it have an option to handle that?
and explain how to split the k-1?
I've heard the k-1 is done different due to death of a member
thanks
TurboTax Business will allow you to adjust the ownership and profit and loss sharing percentages along with the effective dates. This isn't something that the program does automatically by entering a date of death for one of the members, you will have to enter the applicable changes withing the program. But yes, TurboTax Business will handle it.
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