So I am in an LLC partnership. For 2019 we had $30,000 losses. Of which I contributed $20,000 of capital. But because of my ownership percentages. The losses allocated to me on my K-1 is $9,000. How do I claim the rest of my $11,000 losses? Or is that unclaimable?
The LLC will be shut down this year. I will be getting a final K-1 next year.
Many Thanks!
