Information on individual tax return


Samantha is the sole owner of Blue Company. In 2011, Blue had operating income of $200,000, a short-term capital loss of $10,000, and tax-exempt interest income of $3,000. Samantha withdrew $50,000 of profit from Blue. How should Samantha report this information on her individual tax return for 2011 if Blue Company is:

a. An LLC?

b. An S Corporation?

c. A C Corporation?

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Accounting Basics: Information on individual tax return
Reference No:- TGS056780

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