Business & farm

There are far too few facts to be able to address your question:

  • You invested in an LLC in November and it's now just barely February and you want to write-off your investment?
  • The LLC return is not even due until March 15th, and even then, it can get an extension to file the return
  • What exactly are you looking for when you say "I have not received any reportable income...."
  • An LLC is taxed as a pass-through entity, and as such, each member is taxed on the income whether the LLC distributes any $$ or not.
  • Do you understand how LLC's work?
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.