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Get your taxes done using TurboTax
@siddjain1 wrote:....What do they mean by pass-through losses in this context?
Pass-through losses are derived from pass-through entities, such as a partnerships/multi-member LLCs, S corporations, certain types of trusts, etc., that issue K-1s to their partners/members, shareholders, and beneficiaries, respectively.
Since your LLC is a single-member LLC, there is technically no "pass-through" income or loss since the LLC is disregarded for federal income tax purposes.
‎January 1, 2024
10:49 AM
361 Views