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Just ballpark the income tax. Never estimate what your income and expenses are and maintain accurate records of each. If you have a separate LLC account for your property, write checks from that are responsible for all expenses including maintenance, state fees, property taxes, management fees, advertising fees, and any other expenses correlated to that residence.
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Once you're a profit, you'll are required to pay a paycheck.which means setting up payroll and filing payroll taxes. (When you're an LLC, you'll still take draws with the business).
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