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June 6, 2019
Question

Want to change beginning ownership percentage from 50.00% to 1.00%

  • June 6, 2019
  • 1 reply
  • 0 views

The Business Information sections asks if there is a change in ownership and I have checked the box in the affirmative, however, there are no follow up prompts to allow me to change the percentages. Actually, in addition to changing my ownership from 50.00% to 1.00%, I need to change my partner from 50.00% to 99.00%.

1 reply

June 6, 2019

I just called support on this.  On the Business Info Tab, put yes for "Has an Ownership Change".  

Then on the Partner/Membership Information tab click Done.

Select: No, there was not more than 1 date.

Then put in any date other than the first day of the year.  It will then prompt you for the %s for both before and after that date.  If you put in the first day of the year, it won't prompt you.

March 14, 2021

Thanks and that worked...the wording in TurboTax Business has changed!  Either way, fixed my problems!