JR,Thank you for your follow-up question.For $55,000 gain less the standard deduction $15,750 = $34,250.You will have an additional standard deduction for being...
Greetings JRIf you are a single taxpayer and your only income is the capital gain if it is long term.Consider the $50,000 gain less the standard deduction $15,...
LLC's for the most part don't have what you would really call shares. They are more aligned with what a partnership has which is ownership percentages, so it wo...
Clothing expensesfor consideration are normally items not worn outside of work. Items that can also be used as street clothes are not deductible. They need to b...
ForeignTravel Expenses are fully deductible if you spend 100% of your time abroad for business. But if you participate in nonbusiness activity (sightseeing, wi...
