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Level 1
December 7, 2019
Solved

SOLD LLC TO NEW OWNER

THE NEW OWNER CHANGED NAME AND ID# FOR THE LLC.  WHAT FORM DO I PUT THIS ON THE TAX RETURN.
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George4Tacks
Level 15
December 7, 2019

First you have to identify what was actually purchased by this new owner. Is the new owner going to operate as a SMLLC, or some other type of entity. Depending on what was sold, you may have to put at least some of the information on an IRS 8594.  

Answers are easy. Questions are hard!

1 reply

George4Tacks
Level 15
December 7, 2019

First you have to identify what was actually purchased by this new owner. Is the new owner going to operate as a SMLLC, or some other type of entity. Depending on what was sold, you may have to put at least some of the information on an IRS 8594.  

Answers are easy. Questions are hard!