topic LLC added 3rd member in July - how to show losses in Q1-2 and profit in Q3-4? in Business & farm https://ttlc.intuit.com/community/business-taxes/discussion/llc-added-3rd-member-in-july-how-to-show-losses-in-q1-2-and-profit-in-q3-4/01/1115794#M38800 <P>We are a 2 person LLC.&nbsp; WE added a 3rd member July 1, 2019.</P><P>During Q1-2 - we had significant losses .</P><P>I see where turbo tax asked the date of the ownership change, but I don't see where it asks for profit/losses info for Q1-2 vs Q3-4.</P><P>The 2 members for Q1-2 should be able to take the losses shown during that time, because if we only look at year end, it shows a small profit (with the 3 members).</P> Sat, 08 Feb 2020 23:32:26 GMT michpr 2020-02-08T23:32:26Z LLC added 3rd member in July - how to show losses in Q1-2 and profit in Q3-4? https://ttlc.intuit.com/community/business-taxes/discussion/llc-added-3rd-member-in-july-how-to-show-losses-in-q1-2-and-profit-in-q3-4/01/1115794#M38800 <P>We are a 2 person LLC.&nbsp; WE added a 3rd member July 1, 2019.</P><P>During Q1-2 - we had significant losses .</P><P>I see where turbo tax asked the date of the ownership change, but I don't see where it asks for profit/losses info for Q1-2 vs Q3-4.</P><P>The 2 members for Q1-2 should be able to take the losses shown during that time, because if we only look at year end, it shows a small profit (with the 3 members).</P> Sat, 08 Feb 2020 23:32:26 GMT https://ttlc.intuit.com/community/business-taxes/discussion/llc-added-3rd-member-in-july-how-to-show-losses-in-q1-2-and-profit-in-q3-4/01/1115794#M38800 michpr 2020-02-08T23:32:26Z Re: LLC added 3rd member in July - how to show losses in Q1-2 and profit in Q3-4? https://ttlc.intuit.com/community/business-taxes/discussion/re-llc-added-3rd-member-in-july-how-to-show-losses-in-q1-2-and-profit-in-q3-4/01/1115884#M38803 <P>You should come across the screen in the screenshot below where you can enter percentages prior to and after the change.</P> <P>&nbsp;</P> <P><span class="lia-inline-image-display-wrapper lia-image-align-inline" image-alt="pp.png"><img src="https://ttlc.intuit.com/community/s/skins/images/BDDF1D06237984F2047DA4780507B274/responsive_peak/images/image_not_found.png" alt="pp.png" /></span></P> Sat, 08 Feb 2020 23:40:13 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-llc-added-3rd-member-in-july-how-to-show-losses-in-q1-2-and-profit-in-q3-4/01/1115884#M38803 Anonymous_ 2020-02-08T23:40:13Z