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Investors & landlords
The two tax years are entirely separate in terms of any net profit realized by the LLC.
In other words, if your LLC has a net profit of $50,000 in 2022, then you would be liable for your share of that $50,000 net profit (again, as reported to you on your K-1). You cannot reduce the 2022 net profit of $50,000 by the net profit reported in 2021.
March 4, 2022
8:18 AM