Max W Posted June 10, 2019 Report Share Posted June 10, 2019 Client has a business under a CA SMLLC. Last year he started buying/selling stocks under same LLC. Since the LLC was set up for business and not for investment purposes, does anyone know how this could play out? I am concerned that he lose cap gains treatment. Quote Link to comment Share on other sites More sharing options...
Bart Posted June 10, 2019 Report Share Posted June 10, 2019 How has the SMLLC elected to be taxed? 1 Quote Link to comment Share on other sites More sharing options...
Max W Posted June 11, 2019 Author Report Share Posted June 11, 2019 Sole proprietor. Quote Link to comment Share on other sites More sharing options...
Lee B Posted June 11, 2019 Report Share Posted June 11, 2019 I have several clients who have SMLLCs for their rental real estate holdings. Since the SMLLCS are disregarded entities for tax purposes, everything is reported on Schedule E. Your client's situation is really no different except that the transactions will be reported on Schedule B, D and Form 8949. 3 Quote Link to comment Share on other sites More sharing options...
Max W Posted June 13, 2019 Author Report Share Posted June 13, 2019 On 6/11/2019 at 11:15 AM, cbslee said: I have several clients who have SMLLCs for their rental real estate holdings. Since the SMLLCS are disregarded entities for tax purposes, everything is reported on Schedule E. Your client's situation is really no different except that the transactions will be reported on Schedule B, D and Form 8949. Quote Link to comment Share on other sites More sharing options...
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