None of my info from my 2018 LLC taxes are transferring to this year. When I try to input the 4 LLC members into the partnership again, it tells me that a change in ownership has occurred, which it has not.
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There have been a few issues with partnership (1065). S corporation (1120-S), and even trust/estate (1041) transfers from the 2018 Business edition to 2019. A few users have reported partners/members, shareholders, and/or beneficiaries have been dropped during the transfer.
I would suggest holding off on transferring until after an update is released.
Been waiting for weeks now for this simple patch.
Anybody know if this is being worked on.
Members won't transfer from 2018, forcing a 'Change in Membership' that didn't occur, but the software is forcing it.
@Gables123 wrote:Members won't transfer from 2018, forcing a 'Change in Membership' that didn't occur, but the software is forcing it.
Have you checked your 2018 return? Support has discovered that there were errors in the returns of several users that caused transfers of partners and shareholders to fail.
I still have the 2018 software on my system, so I updated the software, reopened my file and saved again and still no transfer. I checked my 2018 return and the members are listed there just fine. Not sure what 'error' I'd be looking for in my 2018. Thanks for any help.
@Gables123 wrote:
Not sure what 'error' I'd be looking for in my 2018.
Look for ANY indication that the ownership changed or somehow a partner left the partnership. It might help to review the forms in Forms Mode as well.
Got it!
The 2018 guided portion asked if members left the LLC during the year, even though 'no' was checked for everybody, forms view showed that TurboTax checked the box on the K-1 as 'Final K-1'. Not sure why since all the questions in the guided view made certain there was no change or exits.
I unchecked the K-1 box, resaved, and transfer to 2019 fine.
Thanks for the help.
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