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khorshed
Level 5
March 21, 2024
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Single member LLC

  • March 21, 2024
  • 1 reply
  • 6 views

Can single member LLC carry losses forward?

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Best answer by abctax55

Short answer is no.  The SMLLC can't (I'm assuming no election to be treated as a reporting entity..)

But the owner 'might' be able to, depending on all the other income/losses.

1 reply

abctax55
abctax55Answer
Level 15
March 21, 2024

Short answer is no.  The SMLLC can't (I'm assuming no election to be treated as a reporting entity..)

But the owner 'might' be able to, depending on all the other income/losses.

HumanKind... Be Both
    IRonMaN
    IRonMaN
    Level 15
    March 21, 2024

    If this was Wheel of Fortune maybe someone could buy a vowel to solve it

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