topic Want to start single member LLC side business, will have losses first year. Problems if I dissolved in yr 2 with no profit, but take pass loss on personal return? in Business & farm https://ttlc.intuit.com/community/business-taxes/discussion/want-to-start-single-member-llc-side-business-will-have-losses-first-year-problems-if-i-dissolved-in/01/822172#M32028 Sun, 30 Jun 2019 21:32:42 GMT Jeff1973 2019-06-30T21:32:42Z Want to start single member LLC side business, will have losses first year. Problems if I dissolved in yr 2 with no profit, but take pass loss on personal return? https://ttlc.intuit.com/community/business-taxes/discussion/want-to-start-single-member-llc-side-business-will-have-losses-first-year-problems-if-i-dissolved-in/01/822172#M32028 Sun, 30 Jun 2019 21:32:42 GMT https://ttlc.intuit.com/community/business-taxes/discussion/want-to-start-single-member-llc-side-business-will-have-losses-first-year-problems-if-i-dissolved-in/01/822172#M32028 Jeff1973 2019-06-30T21:32:42Z Re: Want to start single member LLC side business, will have losses first year. Problems if I dissolved in yr 2 with no profit, but take pass loss on personal return? https://ttlc.intuit.com/community/business-taxes/discussion/re-want-to-start-single-member-llc-side-business-will-have-losses-first-year-problems-if-i-dissolved/01/822188#M32031 <P>No problems. The complete dissolution frees up any passive losses.</P> Sun, 30 Jun 2019 22:12:49 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-want-to-start-single-member-llc-side-business-will-have-losses-first-year-problems-if-i-dissolved/01/822188#M32031 Hi Palms 2019-06-30T22:12:49Z