We have a "C" corporation and under this C corporation having a business property. C corporation has also invested in the another subsidiary llc (manufacturing company) as member.
C Corp wants to sell the business property and there will be a capital gain on this. In subsidiary company having business losses.
Can anyone suggest how this treatment will be done or how taxation will be computed?
C Corp wants to sell the business property and there will be a capital gain on this. In subsidiary company having business losses.
Can anyone suggest how this treatment will be done or how taxation will be computed?