Quote:
Originally Posted by Dante84
Thanks.
I'm a legit employee, non-contracted, thank God.
It/they would close in March at the latest. And yeah, it would be a one-time thing. What exactly would deferring the income do?
The great news is, that if this works, I will be able to roll out the same proposal in 3 other markets as well, with a good chance of closing since the platform is already in place. So I'd have to plan ahead for that as well, tax wise.
baby steps first though.... deep breaths...
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Well, it won't matter if you close in March. But if you closed in August and took it over 6 months, you'd take it over sep, oct, nov, dec, jan, feb. Then 20% would be deferred to 2012. That could potentially put you in a lower tax bracket.
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