SOLD LLC TO NEW OWNER

[nfuchs]

THE NEW OWNER CHANGED NAME AND ID# FOR THE LLC.  WHAT FORM DO I PUT THIS ON THE TAX RETURN.

[George4Tacks · Accepted solution]

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.