Hypothetically:I’m self employed and my parks net me 200k a year. Obamacare costs me 1200 bucks a month for shitty coverage.How can I ‘not’ pay myself that 200k to reduce my AGI? What options do I have?I live like a pauper and would like to have an AGI of 30k to pay less taxes and avoid the Obamacare mega hit.Middle classers want free health care too!Am I able to divert that profit into other similar investments and count it as a loss?
Your depreciation will offset most, if not all of your income. We spread the income out between our LLC- which can pay dividends, and our S Corp which pays a salary. In my case- my S Corp also pays for my insurance.