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Will my investment loss this year carryover into a future trading LLC I plan on creating next year?
I currently have more capital losses than gains so I'll be getting 3k of it back next year. As funny as it sounds, next year, I plan on starting a trading LLC with the goal of achieving the "trader tax status" and the 475 election. Am I going to be able to roll the remainder of this loss onto next year's (new llc's) income? Or do I have to hurry and try to create the LLC in the next 10 days.. 😂
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‎December 19, 2020
3:58 PM