armen_odesho
Level 1

LLC business was sold in the middle of the year to new members

name of the business and EIN number stayed the same


how to process this ?

 

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TaxMonkey
Level 8

What return are you doing?  The LLC's, the selling members or the purchasing members?

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armen_odesho
Level 1
both , selling and purchasing was done in 2018 , using transfer of interests,
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sjrcpa
Level 15

Change in Ownership Screen


Ex-AllStar
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armen_odesho
Level 1
how about purchase price and sales price ? where to process it
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sjrcpa
Level 15
If old members sold to new members that is not part of the partnership return. Selling members report on their tax returns. You should probably fill out Forms 8308 as part of the 1065, though.

Ex-AllStar
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