Asset Impairment and Form 1065 I'm completing a Form 1065 that has real estate rental as its sole activity. The LLC's main asset, a building, has a significant unrealized loss on the books from a write-down in the building's value. I don't know where to put this loss on Form 1065 nor where to reconcile it with K-1s as an item not included on those forms. Can you help? Thanks! |