khorshed
Level 4

Can single member LLC carry losses forward?

0 Cheers
abctax55
Level 15

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

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IRonMaN
Level 15

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

N_ _  O _ _ _ _ _ _ _   L_ _ _ 

 

 


Slava Ukraini!
khorshed
Level 4

Thank you

khorshed
Level 4

Thank you