HI - I think this is way it will work. Need to do more research or consult CPA. Your keep your losses in under your SSN. Carry forward. Let us say it is 10,000/- Your form LLC and next year you make a gain of 5 K. That 5 K will be a pass through to your 1040 as 5 K gain if it is LLC partner or solo. Then next year you get to write off 5 K gain against carry forward losses of 0 10 K.
