It does not look my calculation is right (double taxation on the $2k net income?).

I don't remember when was the last time that I have to go on IRS and/or my local taxation website to file payments personally. 

There is no separate taxation for the LLC if you are the only owner of the single-member LLC that owns the real estate; instead, the LLC's gains or losses "pass through" to your personal tax return.

In order to make sure you're optimizing your tax advantages and adhering to all applicable requirements, even while I can offer broad advise, I suggest speaking with a tax professional or accountant who is knowledgeable with real estate taxation.

Hey Ralph,Typically if you sell a property or any asset for a gain within 12 months, you pay capital gains tax at your tax rate. 

., income - expenses).Individual foreign investors pay income tax at graduated rates up to almost 40%.

@Joval MathaiI recommend finding a tax strategist that specializes in real estate taxation and STRs.

So, you signed up to double taxation of yourself, including the 15.6% self-employment tax. 

Since you can't do anything with your deal to make it better and your only choice is whether to sell or not, you are more prone to trigger those taxable events under duress as opposed to the more planned taxation or more likely the deferral thereof with real estate.

Generally speaking, the distributions from a traditional 401(k) account are all subject to taxation versus a ROTH account which has some tax-free distributions.