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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (61288)5/17/2006 9:53:25 PM
From: Jim McMannis  Respond to of 110194
 
correct, 1099's and they go on Schedule C. Then offset by expenses.

Of course the up to $500k cap gains on the sale of a primary residence doesn't even show up on a tax return.

It used to be you couldn't take a capital loss on Real Estate but I'll check that again.

Bottom line is that the Tax system is way nutty.



To: orkrious who wrote (61288)5/17/2006 10:02:04 PM
From: russwinter  Read Replies (4) | Respond to of 110194
 
The point I'm getting at here, is that realtors, also have to send in withholding for wages for themselves even if independent? Thus this may be a factor in the stalling Daily Treasury statement numbers under "withheld income and employment taxes".
fms.treas.gov


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