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T
tyten31
November 9, 2022
Question

I want to close an LLC that I never used. How will this affect my Taxes?

  • November 9, 2022
  • 2 replies
  • 0 views
No text available

2 replies

A
Anonymous_
Employee
November 9, 2022

You need to provide more details.

 

What type of LLC (single-member, presumably) and what type of business (including business assets, et al)?

 

    M
    Mike9241
    November 9, 2022

    do you have any unrecovered tax basis in it? no - then no effect - yes - prbably a long-term capital loss. 

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