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Level 2
December 7, 2019
Solved

How to process sale of the LLC interests to new members in middle of the year and federal ID and state ID numbers stays the same ?

  • December 7, 2019
  • 2 replies
  • 14 views

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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Best answer by TaxMonkey

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

2 replies

TaxMonkeyAnswer
Level 7
December 7, 2019

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

Level 2
December 7, 2019
both , selling and purchasing was done in 2018 , using transfer of interests,
sjrcpa
Level 15
December 7, 2019

Change in Ownership Screen

The more I know the more I don’t know.
Level 2
December 7, 2019
how about purchase price and sales price ? where to process it