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Lump Documentation Christopher LalauKeralyJul 05, 2019Contents12D Crossing Optimization12LumOpts Documentation Table of Content33Indices and tables19Python Module Index21Index23iiiCHAPTER12D Crossing
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LUMOPT stands for Limited Liability Company or Limited Liability Partnership Opt-In Tax. It is a tax specifically for eligible LLCs or LLPs in certain states.
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The purpose of LUMOPT is to allow LLCs or LLPs to elect S corporation tax treatment.
LUMOPT requires specific information about the LLC or LLP, its owners, and its tax election status.
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