Sale of membership in an LLC

[kforsette]

A member sold there 50% membership interest to 2 individuals.  Turbotax is calculating the income based on the weighted average method for the full year.   I have the actual income through 11/30/2024 which is when the membership interest was sold and what want to allocate based on the actual income in that period and then allocate the income from 11/30/2024-12/31/2024 based on that actual income.  How do I do this in turbotax?

[Mike9241]

will they seller agree to this? The second question is can Turbotx Business handle specific allocations

see this link for info on using weighted average

https://ttlc.intuit.com/community/business-taxes/discussion/i-am-trying-to-allocate-partnership-inco... 

don't know what is on the return, but it does not appear to be possible to allocate say expense A 45% and expense B 50% to that retiring partner. with the remainders split bu ownership % among the remaining owners

[kforsette]

Sorry I guess my question was not clear enough, but I was able to find out that TurboTax can only handle the sale of a membership interest by the weighted average method.  In order to allocate based on the actual income I need to override the K-1's.  

Thanks for your help.