CL44
Level 1
05-25-2021
09:53 AM
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I have a client that is incorporated as an LLC
this year he has bought (cash), fixed and sold 11 homes. This is his only source of income.
how do I report his salary and his assistants salary (no payroll here) and take it out of the gains from the sale of the homes. Do I deduct a portion off each homes gain ??
Best Answer Click here