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  1. 03-09-2013, 05:12 PM #14
    Norm
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    Quote Originally Posted by shadroch View Post
    Put the profits into the LLC and distribute it the next year as capital gains. Not earned income so gets taxed at lower bracket and no SS or medicare taxes.
    That doesn't sound right. LLCs are generally pass-thru on income. And, you must (and should) pay SS and Medicare. If you don't pay them through withdrawal, you must pay them through unincorporated income tax.
    Last edited by Norm; 03-09-2013 at 05:14 PM.
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