Capital gains, or ordinary?

If you are an employee with a high and verifiable ordinary income (salary), few if any “deductions” or “write offs” and no exotic investments, you’ll pay the highest tax rate but also qualify for (assuming clean credit) the “best” financing. 

Hi @Cole Britting I am happy to connect. 

Whoever you hire, be sure they understand the new 2022 changes to TX Series LLC, registered vs ordinary series.

What he is saying is that, depending on your participation in the development project, it may not be capital loss but ordinary business loss.

Passive losses cannot be used to directly offset your ordinary income, such as your full-time job income.

Single-family home with large yard, as we learn, now rethinking our strategy.If we sell now, are we considered dealers and taxed on ordinary income plus a self-employment tax ?

Generally, the costs must be ordinary and necessary for your business.

My wife and I placed ads in newspapers, there was no Internet, well there was, just not for us ordinary folks in the early 80's.

It's icy fairly often in CO in the winter, nothing out of the ordinary and our plow guys are pretty good, so no negligence on our end, but she was still awarded some money.