I just got my tax bill, and what a crock of shit. Overall, I have lost about 15K or so and I owe 10K in taxes, WTF.
So I find out, I can't write off what I am paying for the business, or what I put down immediately. I have to write it off over 15yrs.
My payment is just about 3K per month 4-$500 of it is interest, i can write that off but not the whole amount.
Tougher than I thought, pretty much a grind in the begining, but hoping business starts to increase in the next year
So I find out, I can't write off what I am paying for the business, or what I put down immediately. I have to write it off over 15yrs.
My payment is just about 3K per month 4-$500 of it is interest, i can write that off but not the whole amount.
Tougher than I thought, pretty much a grind in the begining, but hoping business starts to increase in the next year