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Business & farm
tax basis = tax basis at beginning of year + each LLC member's share of income less deductions (whether deductible or not) less credits - less distributions box 19 + certain liabilities (part II section k)
here's a link to a worksheet that should help.
no Turbotax doe not track basis. that's each member's responsibility.
if there's any activity in the LLC the members' tax basis will change
March 13, 2022
9:57 AM