Welcome Guest. Register Now!  

Ask TaxGuru » Corporations » Limited Liability Company » Private investing business


 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 02-26-2017, 10:01 AM
Junior Member
  
Join Date: Feb 2017
Posts: 3
Question Private investing business
In 2015 we filed a new LLC for trading our own Forex account as a business. As such, we have no product or service. Is the schedule C the correct form for such a business? If it is, how do we classify it? We do have expenses related to business.

The LLC was formed in 2015 but no business was transacted until 2016.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 

« Claim Life Insurance Premium Payment as Deduction | Inactive spouse as member of LLC w/S-Corp filing status »


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Investing in Indis from USA Mehar Investment Strategy 1 10-27-2016 07:29 PM
Reporting Rental Income from private property on business tax return naliah28 C-Corporation 3 03-25-2015 10:44 PM
Filing Private Property Rental Income on business tax return naliah28 C-Corporation 0 03-25-2015 04:41 PM
I own 100% of an S-Corp and I have an outstanding loan from the corporation (TO me, the shareholder). Do I have to pay the loan BEFORE investing money into the business? SapoJow S-Corporation 1 05-05-2014 11:33 PM
S-Corp Investing cn1971 S-Corporation 1 04-27-2012 08:31 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
Ask TaxGuru?
 
Individual
 » Income
 » Estimated Taxes
 » Capital Gains
 » Itemized Deductions
 » IRA/Sep
 » Rental Real-Estate
 » Alternative Minimum Tax
 » Filing Requirements
 » Sole-Proprietorship
 » Medical
 » Auto Expenses
 » Social Security
 » Tax Credit
 » Depreciation
 » Divorce Tax Issues
 » Homeowner Tax
 » Multistate
 
Corporations
 » C-Corporation
 » S-Corporation
 » Limited Liability Company
 » Payroll
 » Multistate Tax Issues
 » Non-Profit Organisation
 » Trusts and Gift Tax Returns
 
Forum for CPAs
 » CPA Forums
 
Financial Planning
 » Estate Planning
 » Retirement Planning
 » Investment Strategy
 » Education Planning
 » Life Insurance
 
 » Tax News
 » Tax Calculators
 » Downloads
 » Contact Us
 
 
» Recent Tax Q&A
No Threads to Display.


Advertise - Contact Us - Ask TaxGuru - Archive - Disclaimer - Privacy Statement - Top
Copyright © 2007, AskTaxGuru.com
Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.1.0