Trino
Well-Known Member
T-Shirts
Selling T-shirts could be a six figure income for the Bobos. I don't know if they've thought this though, but this would also be taxable income. Additionally, there is a TN state tax on all clothing sold within TN.
Assuming they have a sharp attorney, and the money is put into Holly's name, this would still be taxable income for her. I don't see how it could be considered charity.
Selling T-shirts could be a six figure income for the Bobos. I don't know if they've thought this though, but this would also be taxable income. Additionally, there is a TN state tax on all clothing sold within TN.
Assuming they have a sharp attorney, and the money is put into Holly's name, this would still be taxable income for her. I don't see how it could be considered charity.