In situations like that, I'd just estimate it and file. Chances are the IRS won't notice. If they do, you can amend your return. If they fine you, they'll be lenient because you tried in good faith.

You need to get the k-1. Is a tax return being filed? I worry for you.

I'm a member of an LLC that owns 2 rental properties in FL. One of the properties was sold last year at a loss. Unfortunately the LLC haven't issued any K1s since it started and it doesn't look like they will do.

I do know the basis and when the properties were bought and sold. How could I claim the loss on my taxes without the K1s? I live in VA, would I also be able to claim a deduction on those taxes for the loss or just for the federal part?

Thanks.