Kaluk
New Member

Deductions & credits

Hi,  I'm in an almost similar situation.... I have an LLC (partnership) had a 1031 exchange transaction and lost my earnest money to one of the offers.  Should I net it with the boots I received on line 15 form 8824? Or should I report it on form 1065 schedule D (I can't find an appropriate line on this schedule however)

Many thanks in advance for your advise