Masterworks 048, LLC

Exit Report Under Regulation A

Other Events

Annual Reports and Special Financial Reports

Other Events

Other Events

Other Events

Semiannual Report or Special Financial Report Pursuant to Regulation A

Other Events

Annual Reports and Special Financial Reports

Other Events

Other Events

Other Events

Other Events

Semiannual Report or Special Financial Report Pursuant to Regulation A

9.1

Annual Reports and Special Financial Reports

9.1

9.1

9.1

9.1