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April 11, 2024
Question

I sold my business but I have three partners in an LLC. Do I report the sale of the business as $100,000.00 or do I report the sale as $25,000.00 since I am a 1/4 owner?

  • April 11, 2024
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April 11, 2024

did the LLC sell the business or did the partners sell their interest? if it was the LLC, it reports the sale,