Single-member LLC holds and manages brokerage account. What kind of income pass throw to the owner of LLC?

0 ⤊

Single-member LLC holds and manages brokerage account. What kind of income pass throw to the owner of LLC?

Please advice.

Thank you.

2007-08-16 08:54:00 · 2 answers · asked by E u g e 1 in Business & Finance ➔ Taxes ➔ Other - Taxes

2 answers

Everything. The LLC is a disregarded entity as far as taxes are concerend. Everything goes straight to your personal income tax return as if the LLC didn't exist at all. Therefore, Dividends to to Schedule B and Capital Gains go straight to Schedule D. Operating income and expenses go to Schedule C. Rents and Royalties to Schedule E, etc.

2007-08-16 10:26:34 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋

passive income; interest, dividends, capital gain distributions, short & long term gains.

2007-08-16 09:04:01 · answer #2 · answered by Anonymous · 0⤊ 0⤋