Equity on the books after the property sale, can I deduct this?

[Pierce Lovesee]

Hello,

We sold some properties in Oklahoma in 2019 at a loss. The properties were held under a single member LLC. After the transactions were complete, since the properties were sold at a loss and a positive net operating income was not realized in any year the properties were owned, the Opening Balance Equity still had a positive balance on the Balance Sheet, and there is still a positive Total Equity. Since this is the money invested into the company by the member of the single member LLC, and the loss is now realized since the company assets have been sold, is this loss a tax deduction? If so, what tax form should this loss be accounted for on? I appreciate the help!