Tigerlandlegend2000

Was a cpa for 5 years and did quite a few of these calcs for state farm at a big firm. Hated it and became a lineman so as of now I barely know what I'm talking about.

You may not receive a payroll reimbursement but probably will receive it as lost profits. You are basically redirecting profits to you personally but at end of day, it's all you. In lost profit and valuation work, owner salary is added back to net income. You wont get it on the employee side but will be on the profit side. Your salary is totally discretionary, that's why it makes no difference what side it comes from and the result should be the same regardless if you receive a salary or not.

You wont owe much. You can exclude 500k even if converted to a rental if meet 2 of 5 year test. Just have to recapture deprecation.

Was a cpa for 5 years and hated it. No longer one so a little rusty but pretty sure I'm right. Actually, you make not quite make the cutoff, its close.

Hey man, I think both options suck. I actually dont think an MBA sucks but it ain't worth it either. No way to get more specialized training/degree? Engineering, etc?

He/she is right but dude dont let it go without verifying your sales agreement. No one pays more for depreciable assets so that large of gain is wild on equipment. Make sure the proceeds are not allocated to goodwill as well. If so, that's cap gain rates for goodwill. IE - diff between fair market value of equipment and sales price.

Can some of you baws help me out? Forgot I even had this till last week and it was basement level. Then I look again and its 5 grand in trust wallet, which is nice! I like to look at wallet activity before jumping in and I see wallet rank 4&5 send multisend tokens 14 days ago and 1 day ago. Those then go to many various wallets and then to more wallets via 1inch router and paraswap. From there, a lot of activity starts 5 days ago, which is when it hit ATL and started shooting up. Is this normal activity? Probably being paranoid but I wanted to be sure they are not pimping the wallet holders number up and circle jerking the volume before I put 10-15 more bnbs in. Im hungover and from laplace, so my apologies that im an idiot. Just seeing what all this means.



I hate telegram and discord, figure I make a TD account and ask yall.