We (mainly 2 partners) set up a LLC (formed in WY) in Mar 2023 and operating in UT. This LLC is involved in stocks/options trading and no sales/resell activities. Since Dec 2023, we have lost about $13k.
In turbotax business, there is a field asking gain in % and loss in %. Any advice on filling this ?
We have no distribution. Do we still need to issue K-1 to the partners ?
