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Leslie5280
Returning Member

LLC transfer from 2018 to 2019 drops an owner from business information

What does "quite obviously" mean?  Do you work for TT?  It is a little over a month for some returns to be due.  The suggestion to treat like a brand-new return is unacceptable.  How could this not have been tested before tax season?  What is the ETA?  Why doesn't anyone respond with specifics, information?

LLC transfer from 2018 to 2019 drops an owner from business information


@Leslie5280 wrote:

What does "quite obviously" mean? 


The issue has been reported to the developers, they are aware and working on rectifying the issue. The "quite obviously" part is just a reference to the fact that of course they want to fix any bugs or other anomalies in their software, as do all software developers.

LLC transfer from 2018 to 2019 drops an owner from business information

It's now March 10 and the newest update to TurboTax Business still is not working correctly to transfer last years LLC information into this years program.  When I do the transfer the LLC partners names and info is blank! Note:  this was not an issue in 2018 when I transferred 2017 data!

LLC transfer from 2018 to 2019 drops an owner from business information


@Robert Cowan wrote:

When I do the transfer the LLC partners names and info is blank! Note:  this was not an issue in 2018 when I transferred 2017 data!


Have you checked your 2018 return in the 2018 version of TurboTax Business? Issues with some 2018 returns have been found which, in turn, create issues with the transfer from 2018 to 2019.

LLC transfer from 2018 to 2019 drops an owner from business information

Not sure what to check.  When I run 2018 version and bring up 2018 file everything looks OK.  The LLC partners are all listed.  When I bring up the old 2017 data file with the 2018 program version, like I'm starting a new filing, it imports the LLC members info just fine.  It's only when I try to import the 2018 data file into the 2019 version that the LLC members do not show up!!  What else should I do to check the 2018 file?

LLC transfer from 2018 to 2019 drops an owner from business information

I'm having the same problem. One member is there and the other one isn't on the import. HELP! It's now March 14th. I would have thought this would have been corrected by now.

twowatch
Returning Member

LLC transfer from 2018 to 2019 drops an owner from business information

Tech support (about 4 hours and multiple escalations) were unable to resolve problem.....they know it's a problem but have no fix. Had to create a new return for 2019. Have used product since 2016 without this issue.

L

Leslie5280
Returning Member

LLC transfer from 2018 to 2019 drops an owner from business information

I gave up. Created my sub-S return by entering 2019.  

Leslie5280
Returning Member

LLC transfer from 2018 to 2019 drops an owner from business information

Don't bother suggesting this.  Of course we did. We used 2018.  I actually re-installed 2018 to do just that.  It has been two months since this problem was reported. Silence from Intuit, calling gets a round of people who may/may not know there is a problem.  

Leslie5280
Returning Member

LLC transfer from 2018 to 2019 drops an owner from business information

He might suggest "Review for filing." 🙄

LLC transfer from 2018 to 2019 drops an owner from business information

I am having the same issue going from 2019 to 2020 TT Business.  It does not pull any member info over and I cannot add more than myself without getting the “partnership change” message. Spent hours in the phone with poor support until they gave me a phone number to try:  the IRS. Are you effing kidding me?!!

gcp721
Returning Member

LLC transfer from 2018 to 2019 drops an owner from business information

Reading this message from last year. I am having the same issue in transferring from 2019 to 2020.  Was the issue ever fixed.

LLC transfer from 2018 to 2019 drops an owner from business information

This years version (for year 2020) appears to have transferred all of our partner information correctly.

NormStone52
Returning Member

LLC transfer from 2018 to 2019 drops an owner from business information

When importing QuickBooks data to TurboTax Business 2021, information for my multi-partner LLC is not imported.   TurboTax Business 2021 asks me to add the information.  I am able to add the first member, but than adding additional members, I asks if the ownership has changed.  It hasn't.    It's the same ownership since the business was formed in 2018 with the same ownership percentages. Other information is imported.  

 

I can't proceed until this is fixed.  Please help.

LLC transfer from 2018 to 2019 drops an owner from business information

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