foo1bar’s Activity

Yesterday

NL

Boards Post

foo1bar replied to the Tax Strategies board. 5:28 PM

Re: When to sell company stock options.

Like most companies we are not allowed to talk about our pay packages so it is hard to get info from others.

Most companies discourage talking about your pay.
And it's considered by many to not be polite conversation.
But I've [more]

Sat Dec 20

NL

Boards Post

foo1bar posted to the Tax Strategies board. 3:36 AM

Calculating depreciation on rental property

I purchased a condo as a rental property.

Purchase price was $56000
Assessor lists it as:
2013
land: $7,400
improvments: $43,600
total: $51,000

2014
land: $7,400
improvements:$38,500
total: [more]

NL

Boards Post

foo1bar replied to the Buying or Selling a Home board. 12:22 AM

Re: SF Housing Dilemma

Just curious, do you not have leases in California or did I just miss something? I can't imagine having to pay someone to move out of my property after they have been living there for years and I decide I want to sell or let a relative live [more]

Sat Dec 13

NL

Boards Post

foo1bar replied to the Owning Rental Property board. 4:02 PM

Re: Owner finance rental property to renter

1> You likely have in your current loan a "due on sale" clause.
And probably writing a contract to sell to him would trigger that, and if/when the mortgage company noticed they could require you to sell. (maybe they wouldn't right [more]

Thu Dec 11

NL

Boards Post

foo1bar replied to the Buying or Selling a Home board. 4:40 PM

Re: SF Housing Dilemma

I much rather would have contacted someone who was personally recommended.
Have any friends who are RE agents in SF?

The illegal unit is a detail that I am going to have to deal with one way or another, at some time in the [more]

NL

Boards Post

foo1bar replied to the Tax Strategies board. 4:30 PM

Re: Creating history

Another thought I have is to look at giving some of that stock to charity.
If he has a favorite charity that he would normally give cash/check to, give them stock instead.
Of course you have to think about impact on other things (medicare?) [more]

Mon Dec 8

NL

Boards Post

foo1bar replied to the Tax Strategies board. 4:31 PM

Re: Wash confusion

Whether you see the warnings or not, "ESPP and other situations..." are subject to these problems.

No - they're subject to an actual wash sale problem.

Where I buy shares via ESPP within 30 days of a sale of other [more]

NL

Boards Post

foo1bar replied to the Tax Strategies board. 4:25 PM

Re: Wash confusion

The purchase on 11/20 was within 30 days of the sale, and not all of the shares were sold.

Incorrect.

All shares bought on 11/20 were sold.

The shares bought on 11/20 were in account #2, and on 12/1 the entire [more]

NL

Boards Post

foo1bar replied to the Tax Strategies board. 1:56 PM

Re: Wash confusion

The confusiont is that there are transactions in different accounts on the same day.
I don't think there's confusion because of that.

Wash sales consider all accounts.
Agreed.

80 shares from lot c (11/20) [more]

Sun Dec 7

NL

Boards Post

foo1bar replied to the Tax Strategies board. 10:55 PM

Re: Wash confusion

"If your loss was disallowed because of the wash sale rules, add the disallowed loss to the cost of the new stock or securities (except in (4) above). The result is your basis in the new stock or securities. This adjustment postpones the [more]

NL

Boards Post

foo1bar replied to the Tax Strategies board. 6:21 PM

Re: Wash confusion

I think because the shares sold in transaction d was all of the shares bought in account #2, it isn't a wash sale.
There aren't any replacement shares being bought within 30 days of the sale.


Actually - that was making an assumption [more]

Fri Dec 5

NL

Boards Post

foo1bar replied to the Paying For College board. 8:58 PM

Re: Parents refuse to help

omit the tax payers part of this equation
Then FAFSA is irrelevant - the only purpose of it is for qualifying for subsidies from the government.
(Subsidies that IMO are a good idea in general for those who need them - but [more]

NL

Boards Post

foo1bar replied to the Tax Strategies board. 2:43 PM

Re: Looking for Input on profit/loss re: tax

So does that mean the realized short term or long term losses will carry forward forever and offset my short/long capital gains in the future?

Even better - $3k of the losses will be applied to your regular income each year. So you [more]

NL

Boards Post

foo1bar replied to the Building / Maintaining a Home board. 11:49 AM

Re: Plumbing Rant

You're underestimating how far and how quickly 3-D printing is coming along. There's an article on it in the current issue of Nat Geo. NASA is experimenting with 3-D printing of space suits, and an architecture firm in Amsterdam is about to start [more]

Thu Dec 4

NL

Boards Post

foo1bar replied to the Building / Maintaining a Home board. 4:54 PM

Re: Plumbing Rant

Soon it will be more cost-effective for a large big-box retailer like Home Depot to have a 3-D printer and CAD software to just print/create uncommon simple home maintenance parts on-demand for customers.
If they wanted to, HD/Lowes/etc [more]

Fri Nov 28

NL

Boards Post

foo1bar replied to the Building / Maintaining a Home board. 12:38 AM

Re: stabilizing an empty home for extended perio

Also, unless you tie your mailbox shut the carrier may stuff the box with those advertising flyers as a matter of routine.
I've known people to remove the mailbox when leaving to go south for the winter.

I also have a friend who [more]

Tue Nov 25

NL

Boards Post

foo1bar replied to the Tax Strategies board. 4:27 AM

Re: Is this legal tax avoidance ?

I don't think that's what the poster was referring to. I think he meant that if you had a mortgage with $200K outstanding principal and repaid $100K in a lump sum, the future monthly payments wouldn't be cut in half. They would stay at the [more]

Mon Nov 24

NL

Boards Post

foo1bar replied to the Tax Strategies board. 9:27 PM

Re: Is this legal tax avoidance ?

Also, if he sells the investment property, he will still have that large mortgage payment as the liability would not be paid from the sales proceeds. Even if he prepaid a big chunk on the mortgage with the proceeds, the monthly mortgage payment [more]

NL

Boards Post

foo1bar replied to the Tax Strategies board. 2:03 PM

Re: Is this legal tax avoidance ?

I *think* that the interest on a loan for an investment property is deductible even if it is not secured by the property. -me

BTW - my thinking is based on my understanding of pub 535
[more]

NL

Boards Post

foo1bar replied to the Tax Strategies board. 1:44 PM

Re: Is this legal tax avoidance ?

Why didn't you borrow against the investment property so that you kept the asset and liability together, particularly as all the expenses against the investment property are deductible?

This is somewhat tangential - but interesting to [more]

Show More Activity ...

CAPS Stats & Trivia

CAPS Player Rating < 20
Player Rank 0 out of 75077
Score 0.00
Score Change Today 0
Accuracy 0.00%
Active Picks 0
Total Picks 0
Best Pick ( 0)
Worst Pick ( 0)
Average Score per Pick 0.00
Charms Earned 0
Highest Rated Favorite No Favorites Selected
Go to foo1bar’s CAPS page

Boards Stats & Trivia

Big gold star, 5000 posts
Board Posts 8033
Recs Received 8395
People who have rec'd these posts 1164
Recs to Posts Ratio (last 30 days) 1.40
Threads Started 132
Threads Started Percentage 1.64 %
Most Frequent Board Advanced Micro Devices
Very First Post Re: I'M SCARED !!! :-O (9/9/1999)
Percentage of Posts Rec'd 46.20 %
Show foo1bar’s 10 Latest Posts