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If it makes any difference the timing was as follows:- August 2020 the LLC was dissolved- Other member created new LLC. My client was going to sue him for IP ri...
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Would his basis be the cash he put in for the start-up costs or the FMV of his share of the software at the date of transfer?
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The LLC was dissolved. There were no assets. The other member paid my client $45K to give up any rights in regards to the software they created. The other membe...
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I should clarify a few things:- My client received $45K from the other member after LLC was dissolved.- Legal fees were paid by him.There was no 1065 filed for ...
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Hi, what's the best way to report this and which forms:Client formed LLC with another person in 2020. They had start up costs of ~$10KLLC was dissolved, and my ...
