Wife and I are both focusing on our health this year (she made ME homemade cookies/cookie dough Sunday). We also bought the Hume Health Pod body scan tools.
Current weight is 245 and goal weight is 215, but I would like to not lose any muscle mass. This would bring me from 25.8% body fat to...
I was at an orthodontist appointment when the first plan hit. I didn't understand the full impact of what was going on. When I got to school every classroom was eerily silent besides the TVs. I was the only person in the hallways.
With a one year old at home it's scary to think of the world we are raising him in.
I'm optimistic that this tragic event will have a unifying effect on our country, but the rational side of my brain thinks it will only tear us apart further. Our elected officials and mainstream media will...
Keep in mind there are different rules when renting out personal property vs. real property. I wasn't sure reading the first post if you were going to rent out the tractors or use the tractors to perform work for others.
Partnerships can pass through self-employment taxes to the partners, just depends on the character of income.
I'm assuming the income from your building is from rent received and not subject to SE tax. Can be subject to section 1411 depending on your income level.
An LLC is used for liability protection. If you're the only member of the LLC it will be treated as a disregarded entity for tax unless you decide to form an S-corporation (to avoid paying full self-employment tax).
In either case you can depreciate the property. It depends what the business...