About Zachary_W

Employee Tax Expert

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CPA, Business Tax Expert

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Re: sale of rental property

Estimating taxes for depreciation recapture and capital gains on a rental property sale involves calculating the adjusted basis, total gain, and applying approp...

Zachary_W

Updated Jul 16, 2025
Re: How will selling a condo that was used as a rental impact my tax...

Yes, it is most likely a capital gains scenario, but depreciation recapture is also involved and taxed separately.When you sell a condo that was used as a renta...

Zachary_W

Updated Jul 16, 2025
Re: Can I use my own money from my personal account and withdrawal c...

Yes, you can use your own money and pay for equipment for you LLC and still potentially deduct the expense, but you must handle the transaction correctly by tra...

Zachary_W

Updated Jun 25, 2025
Solved Re: Rental income

I'd suggest forming an LLC if you plan to bring in capital partners or expand your portfolio of properties. Additionally, consulting a lawyer about liability pr...

Zachary_W

Updated Jun 25, 2025
Re: Why am I owing each year

You should report any additional income earned from a second job on the highest earners Form W4 and increase the withholdings in the extra withholdings section ...

Zachary_W

Updated May 28, 2025

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Date Registered	‎May 12, 2025 4:11 PM
Date Last Visited	a month ago
Total Messages Posted	12
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