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Old 04-04-2008, 02:36 AM
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How can I increase basis in an LLC to be able to deduct my losses?

Could you please advise how I can increase my basis in the LLC so as to be able to deduct my losses?

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Old 04-06-2008, 04:20 PM
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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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