@Carl wrote:
Basically, it depends on the individual circumstances. Moreso for a multi-member LLC.
A multi-member LLC would not be considered to be disregarded for federal income tax purposes.
However, a single-member LLC is disregarded and, therefore, would qualify for the 2 out of 5 year ownership requirement of Section 121.
You have to read the relevant treasury regulation (cited in my post above).
