Ostroff, Fair and Company
*Ostroff, Fair and Company>>>United States Taxes

I've invested $8,000 in an LLC & the K1 form shows no gains or losses. Can I write this off?


I've invested $8,000 in an LLC & the K1 form shows no gains or losses. Can I write this off?

Not unless the K-1 is marked "Final"
yes you can
No.
You report what is on the K1.
It will usually go on Schedule E
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