lukcicda
New Member

How do I properly input the bankrupt LLC without a K-1? If I enter the invested loss through the TT LLC process it shows the loss on 1040 line 14.

Have shares in a private LLC that went bankrupt in 2015.  The assets were seized by creditors.  There are no employees.  There will be no K-1.  If I enter the invested loss through the TT LLC process it shows the loss on 1040 line 14.  Last year any losses were shown on 1040 line 17.  How do i properly input the bankrupt LLC without a K-1?