Tuesday, August 9, 2011

Corporoation taxed as an LLC with losses?

We started our corp. 1/1/2008. We elected to be taxed as an LLC in the state of Florida. We all (3 of us) injected capital at beginning of year. We never closed a deal and received $0 in income or revenue. Do we get to claim a loss for the capital infusion on our personal returns or do we just claim $0 income for the corp for the year?

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