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Old 04-02-2010, 10:36 AM
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Individual return LLC tax losses on sale of my LLC

I am the founder of an LLC and am planning to sell some stock (units). We have a good number of investors/partners who are non active and a sizable tax loss carryforward. What are the basics I need to know in terms of how my gain on the sale of my units get treated from a tax standpoint? Can I take the loss only against the sale of the units or against my ordinary income from the entity? Is there a limit on how much tax I can avoid?


Last edited by snibby : 04-02-2010 at 10:56 AM.


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