Strategies For The Entrepreneurially Challenged
However, if you promote your inventory less than a yr after you purchased it, the tax charge could be increased. If, nonetheless, you sell your inventory, you need to pay capital beneficial properties tax (maximum of 15 p.c for most of us) on any profits you have made from it in the course of the time you owned it. But does the IRS have similarly broad views? You may pay taxes on cash equivalents...
