All,
Question for those trading in an LLC...since capital gains are passed down through schedule-k how can you split out the capital gains 60/40 like you do personally for 1256 contracts.
My understanding is when you trade in LLC its passed as ordinary income and not an investment. I hope this doesn't mean you lose the tax advantage of 1256 contracts.
Thanks!
Question for those trading in an LLC...since capital gains are passed down through schedule-k how can you split out the capital gains 60/40 like you do personally for 1256 contracts.
My understanding is when you trade in LLC its passed as ordinary income and not an investment. I hope this doesn't mean you lose the tax advantage of 1256 contracts.
Thanks!