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Year 4 LLC has reported a loss only me as the owner and I work a regular job as well. Do I need to report LLC on taxes?
I know they say you can only claim business losses up to 3 years after which it’s considered a hobby so you can’t write off any losses. Do I still need to report this on my taxes or should I just leave it off? I live in Illinois.
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December 23, 2024
3:30 PM