Capital gain/ordinary income - Spidell

Capital gain/ordinary income

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Message Board Capital gain/ordinary income

This topic contains 0 replies, has 1 voice, and was last updated by Anonymous 3 months, 1 week ago.

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    Anonymous

    If an LLC elects capital gain treatment/ordinary gain treatment on sale of real estate, does the tax code look at the LLC or the individual people to determine what type of gain it is? Is this election permanent?