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tyten31
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I want to close an LLC that I never used. How will this affect my Taxes?

 
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2 Replies

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

You need to provide more details.

 

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

 

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

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

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