California Passthrough entity tax and capital gain income - Spidell

California Passthrough entity tax and capital gain income

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Message Board California Passthrough entity tax and capital gain income

  • This topic has 1 reply, 2 voices, and was last updated 2 weeks ago by Howard Avery.
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    • #323874
      Ellen Abel
      Participant

      Can an LLC pay the PTE tax on capital gain income generated on the sale of a building by an LLC?

    • #323885
      Howard Avery
      Participant

      yes, the PTE withholding is on all distributive items, including capital/section 1231 gains

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