tomccoa
New Member

Can I claim a Net Operating Loss on my federal income tax for my LLC established in 2018 where I only had LLC expenses (already listed on Schedule C) and no LLC revenue?

We are filing jointly and both have incomes from pension plans and social security.  The LLC is newly established in 2018 and separate from those sources of income.  I am the sole owner and proprietor of the LLC as a self-employed person.  I have no employees.