Can I pass losses from my real estate LLC to personal tax return? - 1
Added (1). I have LLC to hold my real estate, but due to high vacancy rate, I incurred losses i.e my mortgage/interest is higher than its total revenue. For example, If I have 12,000 loss on my LLC for year 2014. Can I carry loss $12000 to my personal tax. LLC is set as S-Corp. Thank you so much for the help.
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Can I pass losses from my real estate LLC to personal tax return?