sjrcpa
Level 15

"There were no assets"  Then why did your client receive $45K for his rights to the software (an asset)?

Your client has a sale of his interest in the LLC for $45K. This is a deemed sale of his share of the LLC's assets.

There still should be a 1065 from the beginning of the year until the date your client was bought out/date LLC dissolved.


Ex-AllStar