Gregg6
Returning Member

Brokerage accounts and Balance Sheets

Hi,

 

I have a LLC that files as a C corp that holds investments in a brokerage account. The assets this year fall above the $250,000 cut-off for requiring a balance sheet in Turbo Tax Business. My Brokerage account paid out ~$3000 dividends that I need to pay tax on but the stocks that I have not sold have increased this year but I still hold them and shouldn't need to pay capitol gains until I sell them. However, the beginning year and end year difference for the brokerage account difference make is so that my balance sheet does not balance. I am the sole owner of the LLC so I does the balance sheet need to balance for me to file?

 

How do I account for the discrepancy in my brokerage account in order to balance the sheet?

Thanks