If the business is still in existence (it has not been closed with your state/IRS) I would recommend obtaining something official (I'd recommend an attorney) saying that the company is unable to repay your loan and it will be included with your basis in the partnership. Then on the partnership books, it would become part of your member/partner equity. Otherwise, if the business stays open, your liability will just remain as a company liability that did not go with the sale.
If the business has been or will be closed, this is basically what would happen to it without anything from an attorney as long as it was recorded correctly on the LLC books, I'm just recommending something to support your increase in basis for your personal reporting.
If the business was also closed (and your membership shares were also relinquished/sold during 2019) then you can report that as an increase in basis on your personal tax return, so your loss will be larger.
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