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Business & farm
Only in the case of a C-corporation would the income be taxed at the entity level, For a partnership or S_Corp these items are treated as being earned/distributed pro-rata to the owners based on their ownership %.
so if it's an S-corp and you are the sole owner, all the brokerage activity is taxed to you just like the other income/loss of the business.
‎February 25, 2024
8:48 PM