@SLYKTAX wrote:
I have loses in carryover from past years stock trading that I can deduct $3,000 from my AGI, can I also deduct losses (how much is the limit?) if I have LLC losses?
Net losses from your single-member LLC are ordinary losses and can be used to offset all other types of income.
Losses from stock sales are capital losses (unless you are a dealer in securities), however, and can be used to offset capital gains with excess losses limited to $3,000 per year to offset other income.
