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fr-appz
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I dissolved my LLC in 2017. Can I deduct my owner's equity investment as a loss?

 
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I dissolved my LLC in 2017. Can I deduct my owner's equity investment as a loss?

You would treat this as a sale when it was dissolved.

If you got nothing at the end the sales price would be $0 and the remaining owner's equity would be the cost basis in determining the loss on the sale.

To enter your Investments sold

Click on Federal Taxes

Click on Wages and Income

Click on I'll choose what I work on

Scroll down to Investments

On Stocks, Bonds, Other, click the start or update button

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1 Reply

I dissolved my LLC in 2017. Can I deduct my owner's equity investment as a loss?

You would treat this as a sale when it was dissolved.

If you got nothing at the end the sales price would be $0 and the remaining owner's equity would be the cost basis in determining the loss on the sale.

To enter your Investments sold

Click on Federal Taxes

Click on Wages and Income

Click on I'll choose what I work on

Scroll down to Investments

On Stocks, Bonds, Other, click the start or update button

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