Discussion:E-2 Status Non Resident Alien Reports LLC Losses
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Revision as of 18:20, 21 January 2008
Discussion Forum Index --> Advanced Tax Questions --> E-2 Status Non Resident Alien Reports LLC Losses
Discussion Forum Index --> Tax Questions --> E-2 Status Non Resident Alien Reports LLC Losses
Barbeque17 (talk|edits) said: | 21 January 2008 |
| Hi all,
E-2 Investor residency status client is a 51% owner of a CA LLC. The LLC is generating losses. It is my understanding that the filing of a 1040NR is not required when effectively connected income is below a certain level. How then can these LLC losses be reported and carried forward. Thanks | |
LKfromCANADA (talk|edits) said: | 21 January 2008 |
| You can still file a return to report the loss and establish a net operating loss or passive activity loss carryforward. We do it all the time. | |
