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April 6, 2025
Question

I invested a LLC and sold out on 1/1/24 with capital gains but no schedule K-1 issued. How can I report this capital gains on my tax return?

  • April 6, 2025
  • 1 reply
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    1 reply

    April 6, 2025

    You can enter as an Investment sale. 

     

    To enter an Investment sale:

    Under Federal Wages& Income, select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) under Investments and Savings.

    1. Did you have investment income in 2024? YES
    2. Let's import your tax info  Enter a different way
    3. OK, let's start with one investment type Other Continue
    4. Tell us more about this sale  Sale of LLC Continue
    5. Now, enter one sale - enter info Continue