It's a LLC so it's all about my own taxes. I was using 33% based on having owned my own business in the past and seeing that overall, the IRS was taking approximately 33% of my income. So I wasn't breaking it down and instead using an approximate overall percentage of my income. Maybe I should run through an actual scenario on a 1040 or ask a CPA to run the exact numbers.Yes, you probably need to ask the CPA about what the impact will be.However, I still think that one of the big things that you are not taking into account is the value of the time you will have to spend on the business.AJ
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra