I have a S-corp LLC that does daily trading for its main business with a leased office and everything. The 1099 is out and I have a question about it.. I get my payroll(W2) from this company.
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When it comes to tax filing will the realized gains go under “Other Gains” in accounting? Obviously it will not be sales as it is not a “merchandise”.
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In LLC, are long term and short term all taxed the same as a big chunk of “realized gains” together?
Thank you captains!!
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