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