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New Member
posted Apr 4, 2025 10:08:53 AM

how do I calculate my basis for K1 investment?

TurboTax asked "Enter losses as negative numbers. Do not enter a loss amount that is more than your basis." For a partnership LLC investment, how do I determine my basis from my K1?

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1 Replies
Expert Alumni
Apr 6, 2025 11:29:37 AM

Your basis in the partnership is based on several factors, including your initial investment, distributions, additional contributions, and net income/loss each year. If you need help calculating your adjusted basis, see the IRS Worksheet for Adjusting the Basis of a Partner's Interest in the Partnership.