Metal Recycling Entrepreneur
Metal Recycling Entrepreneur
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That seems like a personal question.Originally Posted by alloy2
Metal Recycling Entrepreneur
I'll rephrase the question, what percentage is capital gains tax in Florida.
Some examples from various states.
California 13.30% 13.30% 2 Hawaii * 11.00% 11.00% 3 New Jersey * 10.75% 10.75% 4 Oregon * 9.90% 9.90% 5 Minnesota 9.85% 9.85% 6 Washington D.C. 8.95% 8.95% 7 New York * 8.82% 8.82%
Last edited by alloy2; 04-23-2021 at 08:34 PM.
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Best guess based on previous threads it was bought through his LLC and it will be depreciated through his business. So goes the US tax merry go round. Accountants are worth their weight in gold - directly speaking.
Give back more to this world than we take.
Metal Recycling Entrepreneur
Do you know it as fact the business's are registered as LLC's or just assuming they are.
Agreed a good accountant is worth they're weights in gold.
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It is an assumption based on previous statements. Regardless that would be a strategy to limit liability and taxes.
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The same as any other investment.... The same as the money reported to the IRS for sales of scrap metal.
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