How to determine eligibility for LLC participation

02/10/2013 | Tax Adviser, The

Material participation in a limited liability company is a year-by-year determination based on whether the member meets of one seven tests. Participation by an LLC member in these activities counts as participation for Sec. 469 purposes, but there are exceptions to this rule. This post also discusses proper treatment of LLC members and how to document participation.

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Tax Adviser, The

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