Posted 11/7/2024 07:09 (#10956266 - in reply to #10956102) Subject: RE: Farm corp- profit, loss &taxes
It’d be simple math but I don’t have all the numbers in front of me.. but I think I figured once that I’d need a net income of around $160,000 before the new tax code is beneficial (vs the old brackets) for my corp. With all the write offs and deductions allowed in a corp I usually come in well below that. It’s still the best structure for my business IMO.
Farm corp- profit, loss &taxes
