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Old 11-25-2014, 11:07 PM
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Do K-1 Losses offset Short Term Capital Gains?

I am the sole owner of a S Corporation. I am running payroll for myself and will be issuing myself a W-2 the next tax season. When I file taxes for the corporation, I will show a loss on the K-1.

I have some short-term capital gains from buying/selling stocks in my personal name in the stock market that is unrelated to my S Corporation.

1. My question is if I can offset the short term capital gains from the selling of stocks with the losses on my K-1?

2. If I need to infuse additional money into the S Corporation, should I do it as a loan to the S corporation or any other way from a tax point of view?


Thanks in advance.



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