please help me to figure this out - I need to make a decision so

來源: oceanview2011 2012-12-18 10:37:39 [] [舊帖] [給我悄悄話] 本文已被閱讀: 次 (664 bytes)

I have a new LLC and if I purchase a proplerty in Dec 2012, i will have a business loss (closing cost greater than rent), can this loss in LLC offset my personal income tax? Should I settle it in January 2013?  the loss will be over 10k.

according to web search, if the loss is Net Operating Loss, It can offset the other personal  income so I should close it in 2012, but if it is passive activity loss, it  can not offset personal income if I did not work for 500 hours on it.    Is my closing loss in LLC belong to net operating loss or passive activity loss?

Thanks in advance!

 

 

所有跟帖: 

depends on your income level... -planotx- 給 planotx 發送悄悄話 (140 bytes) () 12/18/2012 postreply 11:09:33

thanks for your reply -oceanview2011- 給 oceanview2011 發送悄悄話 (150 bytes) () 12/18/2012 postreply 11:17:57

Really? Are you sure there is a limit on carry over? -abc1967- 給 abc1967 發送悄悄話 (81 bytes) () 12/18/2012 postreply 11:31:04

My memory is fading -planotx- 給 planotx 發送悄悄話 (146 bytes) () 12/18/2012 postreply 12:20:36

As far as I know, your closing cost needs to be depreciated. -abc1967- 給 abc1967 發送悄悄話 (0 bytes) () 12/18/2012 postreply 11:29:26

if LLC closing cost can offset personal income, -OceanView2011- 給 OceanView2011 發送悄悄話 (52 bytes) () 12/18/2012 postreply 13:00:09

closing cost is your cost base. -planotx- 給 planotx 發送悄悄話 (117 bytes) () 12/18/2012 postreply 13:35:02

做apt不劃算,但那個地點做旅館蠻好的。 -SunshineInCA- 給 SunshineInCA 發送悄悄話 (0 bytes) () 12/18/2012 postreply 14:39:47

knocked the wrong door. -jjj7- 給 jjj7 發送悄悄話 jjj7 的博客首頁 (0 bytes) () 12/18/2012 postreply 15:29:38

還好沒有槍指著俺的頭,跟錯貼了。 -SunshineInCA- 給 SunshineInCA 發送悄悄話 (0 bytes) () 12/18/2012 postreply 15:32:42

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