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Tax law changes
Correct nothing else. I have no other income for 2022 and my short term gains in stocks are not even $10,275. It's more like $2,000.
I had money saved prior to all of this and my GF works full time, so I took the year off and felt with my family stuff and worked on her house renovations and took some courses online. We have no kids and live pretty simply. But yeah, just $2k in short term gains and that gain from the house which is long term of $2,594. And, after that no other income.
What do you think? I should have zero tax liability? Also, on this note should I not even worry about asking my brother to make sure he splits our deductions for the house? I want to appease him if I can to keep it peaceful. It sounds like deductions on the K-1 won't matter to me right?