bacon’s Activity

Tue May 5

NL

Boards Post

bacon replied to the Tax Strategies board. 11:05 PM

Re: Rental morgage to pay off student loans

...I've debated taking out a fresh morgage on a paid-off rental house...

Or, there is nothing wrong with your children working their way through college. They can start working summers now and begin setting aside their own money.
[more]

Tue Apr 14

NL

Boards Post

bacon replied to the Mechanical Investing board. 8:21 AM

Re: yey, what to do?

The real K1 problem for taxable accounts is that one can't usually file early, because some K1 form may still be in the mail. Got one just last week.

My income is reasonably predictable, so I'm able to adjust withholding/quarterly [more]

Tue Apr 7

NL

Boards Post

bacon replied to the Tax Strategies board. 12:20 AM

Re: Tax question related to Stephen King

...perhaps shielding us from the true number of what he has earned.

Shielding us? Rather shielding himself from our prying eyes.

Eric Hines

Tue Mar 3

NL

Boards Post

bacon replied to the Tax Strategies board. 8:36 PM

Re: Which is best account type for Options?

Should you open a short position, you immediately terminate the entire IRA retroactive to the beginning of the tax year. All funds within the IRA are considered as being distributed to you....

Can the situation be retrieved by opening [more]

Sat Feb 28

NL

Boards Post

bacon replied to the Tax Strategies board. 11:10 AM

Re: Importing transactions for a partnership?

See if your broker account can provide a gain/loss report in Excel format.

At the risk of insulting the choir here (as opposed to preaching to it), this would include .txt and .csv files, also. These files can easily be imported into [more]

Fri Feb 27

NL

Boards Post

bacon replied to the Tax Strategies board. 8:49 AM

Re: Documentation when hiring a contractor

If he was a contractor he wouldn't have paid sales tax on the items he bought and used doing your job.
Well, if he didn't then he would have had to have found a shady supplier....


Not at all. In Texas, contractors don't pay [more]

Tue Feb 24

NL

Boards Post

bacon posted to the Tax Strategies board. 5:30 PM

Seller Held Mortgage and FINs

How do I get...someone...to give up a Federal Identification Number?

My wife and I hold the mortgage on a house we sold in another state 16 years ago. The sale was under a 30 year mortgage, and because of the nature of the house (a geodesic [more]

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Boards Stats & Trivia

Three stars, 500 posts Old School Fool
Board Posts 894
Recs Received 992
People who have rec'd these posts 365
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Threads Started 80
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Most Frequent Board Mechanical Investing
Very First Post Re: good internet brokers? (4/13/1997)
Percentage of Posts Rec'd 38.81 %
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