How to write off LLC investment in startup

[strabun1]

I've been a passive member of an LLC investment since 2010, and for years the company hasn't had any material change in their business.  My annual K-1 always has 0 in box 1, and TurboTax has carried forward a passive loss of -$5002 (box 1 -ordinary income) and -$857 (non portfolio long term capital loss).  

I would like to write this investment of $5000 off, and need to know exactly how to do this.  I'm assuming it will help offset any capital gains, but not sure how to do this in Turbo Tax.

Thank you in advance.

[ShwethaK]

Hi @strabun1 

In order to help you with this situation, we believe your best option is to contact our telephone support team for further assistance, as they have the option to view your screen to help resolve the issue. To contact them, please follow this link: Contact Us.