MichealKnight
Full time employment: Posting here.
- Joined
- May 2, 2019
- Messages
- 520
Hello all...
Married Filing Jointly....
They say, if you have upto $80,800 in taxable income - that is a 0% tax rate on dividends.
Also, if you have upto $80,800 in taxable income - that is a 0% tax rate on long term capital gains.
What my desired plan is - that my LLC that contains rental homes, will show a 'zero' profit - this will be via legal means, such as depreciation and expenses.
So if I have ....let's say, $40,400 in dividend income. AND $40,400 in long term capital gains..... that is $80,800.
Does that mean, 0% Federal tax on that whole $80,800 - since my real estate company makes no money, and the first $80,800 of divs/cap gains is free?
Thanks
Married Filing Jointly....
They say, if you have upto $80,800 in taxable income - that is a 0% tax rate on dividends.
Also, if you have upto $80,800 in taxable income - that is a 0% tax rate on long term capital gains.
What my desired plan is - that my LLC that contains rental homes, will show a 'zero' profit - this will be via legal means, such as depreciation and expenses.
So if I have ....let's say, $40,400 in dividend income. AND $40,400 in long term capital gains..... that is $80,800.
Does that mean, 0% Federal tax on that whole $80,800 - since my real estate company makes no money, and the first $80,800 of divs/cap gains is free?
Thanks