https://ttlc.intuit.com/community/business-taxes/discussion/i-want-to-close-an-llc-that-i-never-used-how-will-this-affect-my-taxes/01/2788977#M92464 Tue, 10 Mar 2026 07:07:49 GMT tyten31 2026-03-10T07:07:49Z https://ttlc.intuit.com/community/business-taxes/discussion/i-want-to-close-an-llc-that-i-never-used-how-will-this-affect-my-taxes/01/2788977#M92464 Tue, 10 Mar 2026 07:07:49 GMT https://ttlc.intuit.com/community/business-taxes/discussion/i-want-to-close-an-llc-that-i-never-used-how-will-this-affect-my-taxes/01/2788977#M92464 tyten31 2026-03-10T07:07:49Z https://ttlc.intuit.com/community/business-taxes/discussion/re-i-want-to-close-an-llc-that-i-never-used-how-will-this-affect-my-taxes/01/2788993#M92465 <P>You need to provide more details.</P> <P>&nbsp;</P> <P>What type of LLC (single-member, presumably) and what type of business (including business assets, et al)?</P> <P>&nbsp;</P> Wed, 09 Nov 2022 21:14:25 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-i-want-to-close-an-llc-that-i-never-used-how-will-this-affect-my-taxes/01/2788993#M92465 Anonymous_ 2022-11-09T21:14:25Z https://ttlc.intuit.com/community/business-taxes/discussion/re-i-want-to-close-an-llc-that-i-never-used-how-will-this-affect-my-taxes/01/2788994#M92466 <P>do you have any unrecovered tax basis in it? no - then no effect - yes - prbably a long-term capital loss.&nbsp;</P> Wed, 09 Nov 2022 21:14:37 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-i-want-to-close-an-llc-that-i-never-used-how-will-this-affect-my-taxes/01/2788994#M92466 Mike9241 2022-11-09T21:14:37Z