I have a client LLC who mid year had a shareholder surrender is shares back to the company and subsequently reissued the shares to presidents wife. How does this impact the K-1's?
Original minority shareholder surrendered his 20% shares on 09/22/2023 and on 09/23/2023 the company reissued the shares to Presidents wife who did not have any shares up to that point. In ProConnect, how should I report the transfer?
