asked

Our NY State-based LLC sold a rental property in 2021 after owning it for 2 years 9 months. The LLC has three members: two Americans living in CA each owning 40% share and a foreigner living abroad owning 20% share. The LLC has to pay long-term capital gain tax (both Federal and NC) and depreciation recapture tax, right? What tax rates are applied?

February 15th, 2023

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