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| *Loan,banking and credit>>>tax calculation |
LLC with 2 mbrs. choose to be taxed as a corp. Do the LLC mbrs still need a basis calculation? |
LLC with 2 mbrs. choose to be taxed as a corp. Do the LLC mbrs still need a basis calculation? Seems like nobody has the answer to your question. I would say no based on what I remember after recently reading the book, "LLC or Corporation?: How To Choose The Right Form For Your Business" by Anthony Mancuso. I don't have the book to refer to to give you a more specific answer because I borrowed the book from the local library, but I'm almost positive this question is covered in the section that covers converting an LLC pass-through to a corporation tax arrangement with the IRS. Here's the book if you decide to check it out. It's a good book: http://www.amazon.com/gp/product/1413300... If you don't want to spend the money for this book just to answer one question, I suggest looking for it at your local library. |
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