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Get your taxes done using TurboTax
Your basis for calculating your capital gain would be your original investment, plus income from the business you entered on your tax return over the years, less losses you deducted, plus additional amounts you invested, less amounts distributed to you before the final distribution. You would subtract that from the final distribution amount and that would be your capital gain or loss on the liquidation of your interest in the business.
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‎April 7, 2025
3:22 PM