MaryK4
Expert Alumni

Investors & landlords

There are a couple areas you need to address when reporting the disposition of your interest.  You have to start wit the 751 property sale , which looks to the underlying assets as a sale your proportional share- this is reported as ordinary income . 

 

After you report thus income, you will enter the remaining disposition of your LLC interest as a Investment sale.  You will need your adjusted basis information to determine your income.  

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