Kpeabody
Level 2
04-14-2021
04:30 PM
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For a 1065 return
There are 3 partners that each own a third. (well one of them owns 34% and the other 33%)
On October 31st, one of the partners left the LLC. He received a final payout on 12/31/20 which was equal to 1/3 of the cash on hand. No other payments will be made to this partner.
The remaining partners will now be 50/50 partners going forward.
How do I go about putting this into proseries? I did a few things (Ie clicked "final k-1" for the partner in question and adjusted the ownership percentages but I feel like I am missing something.)
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