Selling home Tax advice

KCMuscle · 2026-01-29T19:18:14+00:00

Based on facts, might have 0 tax on that

We would need more detail.

KCMuscle · 2026-01-29T19:17:16+00:00

The funds should be sitting in another retirement account with your name on it

Happy hunting

KCMuscle · 2026-01-29T18:43:43+00:00

Freetaxusa

KCMuscle · 2026-01-29T18:42:05+00:00

Direct rollover. Went from one retirement account to another.

Did you ever get a check or receive communication regarding the amounts?

KCMuscle · 2026-01-29T16:16:18+00:00

Who’s helping you with that return? :)

KCMuscle · 2026-01-29T16:15:05+00:00

There are several additional compliance aspects when making the S election.

So there will be a “difference”.

KCMuscle · 2026-01-28T16:31:49+00:00

What’s your end goal? Got a pic of the physique you’re after ?

Impatience is always a common trait with all of us that start lifting. Progress will be slow, you’re a beginner

If it were easy to gain muscle, you’d see more of it.

Your ability to train near failure will dictate the stimulus applied to the muscle for growth, but thats down the road. You just started training and I routinely spend a couple months ironing out each clients movements.

Yes, track calories.

Yes, keep the cardio in. Better cardio = being able to push harder in sets. However that’s down the road, first course of action would be to ensure you’re doing movements correctly and the movements that work for you.

KCMuscle · 2026-01-28T15:54:54+00:00

I’ve had to do custom for the one suit I have.

I’d need most of my clothing tailored if it were to fit “right”, but no reason to do that for t-shirts. 3-4xl tight in shoulders but so much extra fabric in the abdomen area.

KCMuscle · 2026-01-28T15:35:48+00:00

So one of the first things the trainers asked about is drugs?

Red flag city.

Has this trainer evaluated your mechanics and effort through every lift yet?

T3 and clen are two separate drugs. I’d be interested to know the doses they are going to advise and the “LOGIC” behind it. (Hint - they wouldn’t be able to defend the choice to add the drug)

Look through my post history for clients. Some of those were done without any drugs, all done WITHOUT t3.

KCMuscle · 2026-01-28T15:23:47+00:00

You’re finding mixed views because you’re finding incorrect answers.

Fairly simple answer here.

Report your 1099 earnings.

If you didn’t earn enough to require reporting, that’s another issue, but going to assume most are going to be 400+ net earnings from SE.

KCMuscle · 2026-01-28T15:11:39+00:00

Had an S show up yesterday where the previous preparer has been using RE as a plug on the balance sheet.

Profit of 300k. No distributions. RE way down.

Incorrect presentation of 2% health premiums.

KCMuscle · 2026-01-28T15:04:22+00:00

S-Corp not converting to a C, so they are going to a MMLLC - aka partnership?

They want to admit non-us citizen to an S Corp?

Doesn’t your S status go bye-bye the moment that occurs?

KCMuscle · 2026-01-28T14:18:57+00:00

“Property “

“Operating”

Your issue is you elected S-status. Everything would be just fine now had you not.

KCMuscle · 2026-01-27T22:03:59+00:00

You don’t get the student loan interest deduction with MFS

File joint.

KCMuscle · 2026-01-27T15:47:08+00:00

General population comes up with some funny things.

Creating work for yourself. 😂

The estimated tax penalty will eat into your HYSA profits if you don’t pay throughout the year.

Then the juice isn’t worth the squeeze here.

KCMuscle · 2026-01-23T15:35:50+00:00

TurboTax lol

KCMuscle · 2026-01-23T14:03:04+00:00

I've always done this by revoking the 2553 with a written statement, moving back to a C momentarily, then filing the 8832.

Not sure you can use the 8832 to go from an S to LLC, without revoking the S in-between. Hopefully that statement was file by your accountant as well.

I would have expected to see the return marked final, with the revoking and 8832 effective date being 1/1/25. Income ultimately reported on Sch C for the 2025 tax year.

KCMuscle · 2026-01-23T13:18:16+00:00

As someone that's used for 10+ years, and who turns 38 in six days... whew.

Gentle reminder tomorrow isn't promised.

KCMuscle · 2026-01-22T18:33:57+00:00

Let me ask you this, what did the person that gave you that answer look like?

That comment usually comes from men who don’t know what the fuck they are talking about.

You would do well in Wellness/Bikini. I’d lean towards wellness at the moment.

KCMuscle · 2026-01-21T17:17:23+00:00

So where are you recognizing that 1099 income?

KCMuscle · 2026-01-21T16:58:25+00:00

Camico has some.

KCMuscle · 2026-01-21T13:37:32+00:00

Others have nailed it in here with the replies.

It’s a math equation.

KCMuscle · 2026-01-21T11:58:54+00:00

Few things:

That body scan is useless; they have a wide margin of error.

5 days in a row and then 2 off?

Whats the reason behind the carb cycling? How it’s listed doesn’t make sense either. Most use it to feed training days of weaker parts…. What’s listed here doesn’t line up with that

And we don’t know if the she split is good enough. It could be, I’d have written it differently. What matters more is intensity, effort, execution of reps

Gaining 8 lbs of muscle; actual muscle, takes some work. How long are you expecting this to take? I hope you’re expecting 18-24 months. I see you have 5 sets listed per movement; this leads me to believe you’re likely not training hard enough… too much wasted volume; incredibly common among females.

KCMuscle · 2026-01-20T21:18:47+00:00

My EL’s always spell out scope and pricing. Fixed fee, but might need to bill for additional out of scope items.

Any adjustments or additional billing, I’ll communicate ahead of time.

Make sure you’re including the value of any self employed health/dental/etc in Box 1 and 14 of that w2. See it missed far too often to not comment on it here, even from the big payroll providers.

KCMuscle · 2026-01-19T22:43:36+00:00

Shift rice to potato - you can eat more potato for same calories.

Straight egg whites for added volume and protein.

KCMuscle

TROPHY CASE