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Equipment sale tax implications?
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WItitan2
Posted 1/12/2019 18:57 (#7240651 - in reply to #7239726)
Subject: RE: If the recapture income is 80K........that is added into your tax return,


Pierce county WI
Thank you. In the past, I've always thought it was ok to send in a little check for taxes. The last couple of years income has been down a little, and had lots of depreciation. If I had to pay a little something it wouldn't break my heart. I was worried I'd have a big penalty for recapture or cap gains tax. Thanks, I think we will come out fine.
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