William R. asked
I have a K-1 with Box 11 Code F showing net Section 475 income of $28,000. I am trying to determine if this should be classified as a short-term capital gain (since she is not a trader) or as ordinary income.
February 24th, 2023
Alexander S. answered
The net Section 475 gain should be treated as ordinary income. Additionally, interest and dividends ...
February 24th, 2023
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