My wife left an LLC in 2020. She had a beginning capital of $4944, with a distribution of $2500 for the year. How does she claim the remaining $2444 as a capital loss?

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My wife left an LLC in 2020. She had a beginning capital of $4944, with a distribution of $2500 for the year. How does she claim the remaining $2444 as a capital loss?

You can enter it in Investment Income as a Sale:

Description - Loss on LLC Interest
Date Sold - Date of withdrawal
Date Acquired - Date of original investment
Sale proceeds -$0
Cost or other basis - Loss amount
Holding period - Long term (if over 1 year)

The next screen should be blank. Continue through the interview until you reach the end of the section.

My wife left an LLC in 2020. She had a beginning capital of $4944, with a distribution of $2500 for the year. How does she claim the remaining $2444 as a capital loss?

How do I get to this screen? When I go to Investment Income section, these are my options:

Stocks, Mutual Funds, Bonds, Other (1099-B)

Capital Loss Carryover

Undistributed Capital Gains

Contracts and Straddles

ISO Exercise and Hold

Cryptocurrency

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