Besides the K-1, what forms do I need to report the sale on for my personal income tax. The LLC sold the property and I got a distribution for my share of the sale. We still own some of the land.
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Since the LLC owned the property and the land, everything you need from the sale of that would be reported on your Schedule K-1 and that needs to be reported on your personal return.
Since the LLC owned the property and the land, everything you need from the sale of that would be reported on your Schedule K-1 and that needs to be reported on your personal return.
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