Geoff K asked:
If I trade securities with money from my S corp and sell with gains, will the other expenses of the business (payroll, advertising, etc.) of my corp offset taxable income? Note that the S corps’s primary business is not trading. Is that an issue?
What lead you to think this was a “dis-regarded entity”? While it is an LLC, it is an LLC that was granted to be taxed as an S corp. If still this is true, how can I make it so that I can conduct my primary business but not be seen as “disregarded” by the IRS and to have any normal business expenses reduce any gains.
Randall Williams
If I trade securities with money from my S corp and sell with gains, will the other expenses of the business (payroll, advertising, etc.) of my corp offset taxable income? Note that the S corps’s primary business is not trading. Is that an issue?
What lead you to think this was a “dis-regarded entity”? While it is an LLC, it is an LLC that was granted to be taxed as an S corp. If still this is true, how can I make it so that I can conduct my primary business but not be seen as “disregarded” by the IRS and to have any normal business expenses reduce any gains.
Randall Williams
The scorps income flows through schedule the scorps income flows through schedule the scorps income flows through schedule the scorps income flows through schedule the scorps income flows through schedule the scorps income flows through schedule the scorps income flows through schedule the scorps income flows.
The scorps income flows through schedule the scorps income flows through schedule the scorps income flows through schedule the scorps income flows through schedule the scorps income flows through schedule the scorps income flows through schedule the scorps income.
The scorps income flows through schedule the scorps income flows through schedule the scorps income flows through schedule the scorps income flows through schedule the scorps income flows through schedule.