- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Decrease basis for ordinary losses from K1 1120S?
When calculating my basis at year end from ownership in an LLC, do the ordinary losses from box 1 go to decrease my basis? So if I put in 20K and the ordinary loss for 2015 was 5K, is my basis now 15K?
Topics:
‎June 3, 2019
12:08 PM