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Business & farm
I don't think that approach would work for me as the most important aspect of this is that I get my inherited cost basis to offset any net profit and taxes against. Once I sell the trains, those proceeds go onto the end of year eBay 1099 without a way to offset it (I presume since that inherited basis belongs to me and not the LLC(?).
‎December 26, 2022
5:52 AM