Recent content by FrankT.

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    USA Balance out unequal cash distributions

    Thank you. Much appreciated
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    USA Balance out unequal cash distributions

    Thanks but that's not what i asked. I'm looking for a sample calculation based on the numbers i provided above.
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    USA Balance out unequal cash distributions

    Hi, In an LLC with 2 members on a 60/40 ownership/profit split, member 1 (60%) takes 10000 in cash distributions over the past few years whereas member 2 (40%) only takes 5000. Now the LLC is about to be dissolved and it has 100,000 in the bank to be distributed. What is the proper way to...
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    USA Long term capital gains tax on stocks and options

    wow nobody knows anything about this?
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    USA Long term capital gains tax on stocks and options

    hi all, SCENARIO 1 individual has $30K a year ordinary income. in addition, he has $20K worth of long term capital gains on stocks. does the $20K of LT capital gains have to be added to $30K to come up with his bracket for LT capital gains purposes or will he pay zero LT capital gains taxes...
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    USA how to account for subsidiary company ownership in a holding company/subsidiary structure?

    I would need to record ownership of subsidiary B in the books of Holding Parent A under the following 2 possible scenarios: 1) A purchases B from myself for $1. stock certificates are assigned to A. B becomes an asset on A's books. 2) A forms B, using its own funds from the start. B becomes an...
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