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I loaned my partnership LLC money to pay the monthly interest on loan incurred to buy house to flip in 2018. House sold March 2019. Expense in 2018 or add 2 basis 2019?
LLC had no income in 2018 just expenses. I also loaned money for yearly renewal, registered agent, amendment to add partner, utilities. I know that everything else is added to basis, but are these things expensed in 2018 or also added to basis?
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‎June 4, 2019
4:37 PM