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Updated about 3 years ago, 11/24/2021
Wholesale Fee Taxation
Hey Guys, quick question regarding the taxes I will pay on wholesale fees.
I plan to have a separate SMLLC for my wholesale business. This LLC will be taxed as a sole proprietorship starting out. What are all the tax rates I will have to pay on these wholesale fees? Would this be considered a capital gain and therefore taxed as such? Will I just have to pay Self-Employment tax and Federal Income tax?
Thank you guys so much!