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April 11, 2025
Question

I opened an LLC in 2024 for a rental property. I made offer on a condo and backed out later resulting in some loss. Can I show a loss on 1065 without having any property?

  • April 11, 2025
  • 1 reply
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    1 reply

    PatriciaV
    April 14, 2025

    Yes, if you had business expenses relating to a failed investment, you can report them on your business tax return.

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