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November 17, 2016 • Joan Resnick • Log In to Post Comments

When an LLC does stock trades, which gets reported as gross receipts for calculation of the LLC Fee, the gross proceeds or the capital gains less capital losses.  please note that the business of the LLC is doing stock trades.


An investor would look at each transaction. If it's a net gain, include the gain. If it's a net loss don't include it. If it's a trader, I'm not sure but I'm guessing the FTB would look at the gross sales transactions and eliminate the basis. But I don't know. You might submit a question to FTB's Ask a Legal Expert.


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