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Get your taxes done using TurboTax
You can enter it in Investment Income as a Sale:
- Description - Loss on LLC Interest
- Date Sold - Date of withdrawal
- Date Acquired - Date of original investment
- Sale proceeds -$0
- Cost or other basis - Loss amount
- Holding period - Long term (if over 1 year)

The next screen should be blank. Continue through the interview until you reach the end of the section.
March 14, 2021
11:11 AM