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Stocks and cash contribution to LLC taxed as partnership
I have setup a LLC taxed as partnership around 1.5 years ago. For last year 2023 tax returns, I did not file balance sheet since income is less than $250,000 and total assets less than $1,000,000
I just transferred some stock- shares and cash into brokerage account under this LLC.
How should this contribution be handled and reported for tax return 2024 ???
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‎October 6, 2024
1:08 PM