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Deductions & credits
you don't on your 1040. you should be getting a k-1 from the partnership(?) you don't buy stock in a partnership you but a partner's/member's interest. On the other hand, if the LLC was structured to be taxed as an S or C corporation, then you would be buying "stock" in the company though technically an LLC taxed as a corp never issues stock.
March 9, 2024
3:41 PM