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Get your taxes done using TurboTax
@ThomasM125 thank you for your reply. Is it necessary for me to declare the increases and decreases. I added them to TT based on your suggestion but didn't see any changes to my federal return in terms of the $ amount. If I don't declare the increase/decrease or my original contribution would it affect my taxes when I liquidate my shares in the LLC?
March 21, 2025
6:43 PM