Forbes: Los Angeles Traders Face New Scrutiny Under City Business Tax Notices

https://www.forbes.com/sites/greatspeculations/2025/09/19/los-angeles-traders-face-new-scrutiny-under-city-business-tax-notices/

this is only if you are a business or individual electing TTS?

Not sure. Based upon the article it looks like there targeting people who have Schedule C expenses, Schedule D gains, or Form 4797 trading income on their Federal returns.

SMCJB 

Not sure. Based upon the article it looks like there targeting people who have Schedule C expenses, Schedule D gains, or Form 4797 trading income on their Federal returns.

Which falls under businesses and TTS traders only. Looks like not a big deal for retail but could be sizeable for large firms.