Never filed taxes before, help :(
i am the custodial parent
IT Doesn’t Matter
IT Doesn’t Matter Publication Date: May 01, 2003 This article includes a one-page preview that quickly summarizes the key ideas and provides an overview of how...You Are The Problem With Your Business
You Are The Problem With Your Business I recently heard a story of a business that had set up a website. They sold various products and services focusing on...Long Term Capital Gains
As a rental, you will be subject to depreciation recapture, meaning your cost basis is reduced by the amount of depreciation you have taken over the years. That amount is not taxed at the capital gains rate but as ordinary income at about 25%.