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Business & farm
Thanks Mike - The K-1 is showing a 9A (net long term capital gain) that is more than my original investment in the LLC. It also has a value in 9c and in 10. The value in 10 is $1K less than the 2021 distribution (from the sale of the asset).
The affect of this K-1 is driving my Long term capital gains up by the value in 9A ($102K), and thus driving up my tax bill significantly.
‎April 4, 2022
10:23 AM