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how does capitol gains work?
I have an apartment complex with 6 rentals and I am losing my behind on taxes and a very honest accountant that I swear is working for the IRS sometimes. A buddy of mine that does the same thing said that he gets by on capitol gains. How does this work?
That is pretty complicated. You would not be able to sell the property without paying those withheld taxes to my knowledge. I am not sure if Capitol Gains will help you unless it is your taxes that are hurting you. You can withhold near all of your taxes if I understand right. Your accountant should concede to this even if they are too honest.
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