CA gross receipts - Spidell

CA gross receipts

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Message Board CA gross receipts

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    • #250002

      I have a CA LLC with a partnership interest in a GA activity.  My LLC sold its P/S investment in the GA activity.  I have recorded a capital gain for the sale of the partnership interest.  It is not sourced to CA since it is portfolio.  Would this gain be included in the CA gross receipts calculation and the LLC will have to pay an LLC fee on the gain?

    • #250026
      Diane White

      Only CA sourced income is included in the LLC fee calculation.

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