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. |