But all is not lost. You now have $100 of undistributed earnings in the LLC. That adds to your basis in your ownership interest. When you eventually dispose of the ownership, that $100 will reduce your gain or increase your loss. And if we have to use that extra $100.00 to buy out the other people who contend that they should have been to be added to the LLC., then what are the ramifications tax wise if any?.Ted
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