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Updated about 17 years ago,

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Capital Gains on Real Estate Held by an LLC

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When real estate is held by an LLC of a husband and wife in a community property state, and then sold at a profit after being held for at least one year, does the LLC qualify for Capital Gains Treatment of the gain? How exactly does the gain "pass through" to the personal tax return as a capital gain?

Does the LLC in any way affect the capital gains rate paid? Does the LLC HURT in any way the possible capital gain?
Would the capital gain be better if taken solely as an individual (non llv) ownership of tjhe entity?

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