Will the turbo tax business handle the death of one of a 2 person LLC

[JimBobJu]

Does it have an option to handle that?

and explain how to split the k-1?

I've heard the k-1 is done different due to death of a member

thanks

[DavidD66 · Accepted solution]

TurboTax Business will allow you to adjust the ownership and profit and loss sharing percentages along with the effective dates.  This isn't something that the program does automatically by entering a date of death for one of the members, you will have to enter the applicable changes withing the program.  But yes, TurboTax Business will handle it.