I have a substantial capital loss carry forward. I will be starting a new business that should generate good income. What might be the best form of company, LLC, Corporation, etc. that will allow repatriation of funds in a format that allows me to offset my capital losses. I prefer to avoid a salary and have to deduct SSI, etc.
Your use of the term "repatriation" is confusing -- are you in a foreign country?
SSI typically means "supplemental security income", maybe you meant FICA?
Just about any form of business except perhaps a regular corporation will require a "salary" subject to payroll (self-employment) taxes. And a regular corporation will be subject to corporate income tax.
Except for the $3K/year allowance, capital losses are only allowed to offset capital gains. So, you would need to create a business that does
*not* generate "good income", but rather only grows in value, so that you can sell it someday. This seems to happen mostly with high-technology or "dot com"-style startups, and even then, it often doesn't work out. I don't thing the exact form of entity (LLC, corporation, etc) makes much difference.BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.