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Deepheat
November 16, 2022
Question

LLC Capital Gain Offsets

  • November 16, 2022
  • 1 reply
  • 0 views

Can capital losses in a personal account be used to offset capital gains from sale of rentals in an LLC?

    1 reply

    R
    R-SchuleCPA
    November 16, 2022

    A capital loss is a loss on the sale of a capital asset such as a stock, bond, mutual fund or real estate and can typically be used to offset other capital gains or other income.

     

    In the event that capital loss exceeds capital income. The excess will be limited to a net $3000 loss with the balance carried over to the next year.

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    D
    Deepheat Author
    November 16, 2022

    The main part of my question is whether or not losses in a personal account can be offset against gains in an LLC. Thanks.

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