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Old 04-06-2008, 05:20 PM
TaxGuru TaxGuru is offline
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Join Date: Jan 2007
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How I can increase my basis in the LLC so as to be able to deduct my losses?

The basis can be increased in 2 ways, one way is to simply invest more capital into the LLC directly by writing a personal check paid into the LLC Bank Account.

The other method is to make a loan to the LLC with a properly structured note that specifies the interest rates, terms of the loan and the repayment terrms.
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