We (myself and my wife) have a joint account with a brokerage house.
We just formed an LLC and would like to move our brokerage account to this LLC.
If we do this do we
a. File a partnership tax return for the entire year (Jan 2013 to Dec 2013) or
file a partnership tax return only from July (when the LLC was formed) to Dec.
b. Since the LLC is a pass through file just an individual tax return (as we have been doing)
Thanks in advance for any suggestions
We just formed an LLC and would like to move our brokerage account to this LLC.
If we do this do we
a. File a partnership tax return for the entire year (Jan 2013 to Dec 2013) or
file a partnership tax return only from July (when the LLC was formed) to Dec.
b. Since the LLC is a pass through file just an individual tax return (as we have been doing)
Thanks in advance for any suggestions