USA Sale of a single member LLC

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daniel laboheme

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If you sell the assets of s single member LLC is that treated as a capital gain or not? if it is treated as a capital gain, what is the calculation of the cost basis (members contributions minus members distributions)? Thanks.
 
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Drmdcpa

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daniel laboheme said:
If you sell the assets of s single member LLC is that treated as a capital gain or not? if it is treated as a capital gain, what is the calculation of the cost basis (members contributions minus members distributions)? Thanks.
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Yes or maybe and yes
 
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