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Investors & landlords
@Ruby14 that may make a difference. However, tax basis capital is not the same as your outside tax basis.
Since you have only been in the LLC since 2017, if you have the K-1's from each year, this would be a fairly easy computation.
Also, did you receive any liquidating distribution; box 19 code A?
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎April 8, 2022
1:37 PM