I have an LLC with two members which is used exclusively for Investment in publicly traded Stocks, ETF's, Mutual Funds, Bonds, Commodities, etc. (no real estate, art, vehicles, etc). Pretty straight-stick stuff.
My Assets consist of Cash and/or Equities... pretty simple
My Liabilities are None.
Line 14 differs from Line 22 by over $24,000. WHY?
It also shows Line 21 (Capital Accounts) is the same as line 22 (Total Capital and Liabilities)
Given that there are non-deductible expenses on the P&L which would affect the reported Gain or Loss flowing to Partner Capital Accounts, shouldn't there be a difference between Member Capital Accounts and Total Capital of the Company?
