Our LLC had four members to start the year and one died during the year. I answered yes when asked if there was an ownership change. In the profit share page I showed that one member went from 25% to zero and another member went from 25% to 50%. Turbotax appears to have properly allocated the income based on the date of death. However, the K-1 forms show both members starting and ending at 25%. I tried editing this in form view but it cannot be edited. Any help here?
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I am going to reply to my own question. I found that you can edit the K-1 by right-clicking on the field and selecting "override." It still doesn't explain why Turbotax shows beginning and ending shares unchanged.
I am going to reply to my own question. I found that you can edit the K-1 by right-clicking on the field and selecting "override." It still doesn't explain why Turbotax shows beginning and ending shares unchanged.
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