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R
rgtcinc
April 12, 2025
Question

I have a separate W2 job & I am a single-owner of an LLC /S-Corp. My first year as LLC I have an NOL -$26,172 & 5,497 in bank. Form 7203 (line2) increase basis $31,670?

  • April 12, 2025
  • 0 replies
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All money for LLC is At-Risk. Currently it is not allowing me to show loss on personal taxes even with K1 showing -$26,172. Am I doing something wrong?
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