username333
Returning Member

Business & farm

Thanks for this Mike. I'm pretty familiar with NOLs and the forms.

The question was on if I could continue to use my Federal NOLs against future Federal income after having moved to a new state and shut down the SMLLC.
Further research seems to say "Yes - the NOLs stay with the person and not the LLC, at least for Federal rules and income; for CA income, since I will have none and the LLC is no more, the CA NOL would be lost and no further recalculations are required."