Capital Gains Losses
I have some capital gains losses (very large ) from short term stock trading.
Question is could these be used in an LLC to benifit other investors? Thanks
I have some capital gains losses (very large ) from short term stock trading.
Question is could these be used in an LLC to benifit other investors? Thanks
It was great talking to you this afternoon. Thanks again for the tip on Miami attorney.
You can definitely use you capital gain loss to offset the gains you make for yourself in real estate sales. As for establishing an LLC with a partner, you would want your attorney to sort through who could do what, and who would get what.
I know a single entity LLC is filed aling with personal tax returns, as that what I use. Don't know how a multiple parties would affect that, though
I'm "bumping" your post up to the top, so perhaps some legal experts on TCI will see and post reply.
You may want to go into more detail as to your idea for LLC and capital gains write-off. No need to give dollar amounts, though.
Good Luck!