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

2 ⤊

2007-03-24 07:46:14 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States

Not unless the K-1 is marked "Final"

2007-03-24 08:03:24 · answer #1 · answered by tma 6 · 1⤊ 0⤋

No.
You report what is on the K1.
It will usually go on Schedule E

2007-03-24 07:53:11 · answer #2 · answered by Jo Blo 6 · 1⤊ 2⤋

yes you can

2007-03-24 07:49:33 · answer #3 · answered by soldier 1 · 0⤊ 5⤋