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I have a client with an LLC which has rental property inside. We treat the LLC as a disregarded entity and the rentals are reported on Schedule E of his 1040. He sold one property. For the purposes of calculating the gross receipts tax, should the gain be included from the sale of rental? It doesn't make sense that the sale proceeds themselves would be used. Not sure whether the gain should be as well - would the gain be considered a "gross receipts on your normal product or service"?