Search results

I would rather have it done at partnership level as well but I have couple of concerns with not electing out. Just trying to understand before i make a decision: 1) Partnership will have to pay tax at highest individual level of 37% rather than individual partners tax rate, though there seems...

I guess for someone who didn't apply for M2M, whole QBI debate doesnt even come into picture. I can only take QBI deduction if I applied for M2M. Is that correct?

I was wondering what most LLC traders are doing about the centralized audit regime? Are you guys electing out of it or no? Any help appreciated

Also - a clarification. Should it say Trader in Securities as an LLC OR Trader in Securities as an entity

Thanks a lot. This is pretty much what I have from Green, but I read somewhere that his election statements are not ideal - so thought I will ask around. I guess I will go with this.

I have an LLC that trades in securities (stocks and options) only. This is the 1st time I will be electing M2M and I know I am supposed to file it by March 15th. Does anyone have a template that they recommend. I know we have to attach it to the LLC return or extension - but not sure if people...

You said that you have used schedule c and income transfer strategy for years. Can you share the specifics as to how it works - what steps do i take for that, what others forms, how do I show this transfer? Also - what do I need to show in footnotes? I am assuming you cant efile because these...

I am new and my trading is not very complicated - only equity and equity options. I do qualify as trader, so thats fine. I didnt have M2M for last year but will going forward (thinking about it). Entity is a 2 member partnership (husband and wife) and we are NYC residents. My question is the...