While the facts are limited:
- The facts are not clear. Clarify "I transferred some stock - shares and cash into a brokerage account"
- How did the LLC obtain said "stock - shares"?
- I don't want to be responding until the facts are a little more clear
- So if you can expand on your facts, that would be great.
- Additionally, if you contributed items to the LLC, was this in relation to your initial funding of the LLC?
- Regardless of what the IRS requirements are for providing the balance sheet information on a tax return, a business should generally maintain a balance sheet. This provides important financial information, especially in a multi-member LLC environment.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
