COcheesehead
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
You won't show income, but the business will.A couple adds and question:
First, again thank you for all the advice and comments.
In the business, I think ill buy a condo or townhouse that my kid can live in during college and use as an investment for other renters and especially longer term.
Can I keep all earnings in the business? For example if I make $100k on stock prices rising and dividends, rent, etc. I don't need to show any income from the business correct? I can continue to rollover paper gains etc over time, correct?