foo1bar’s Activity

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NL

Boards Post

foo1bar replied to the Tax Strategies board. 4 hours ago

Re: Tax Problems with Hidden Roth IRA

That's okay, I just want her to get to an age where she can appreciate the need for retirement funds.
So she needs to be at least 25?
(sort-of joking - but not really)


It sounds like what would probably be even more [more]

Mon Jan 19

NL

Boards Post

foo1bar replied to the Tax Strategies board. 11:57 AM

Re: Converting to a Roth with a Twist

IIRC, I can take those contributions out tax free. So, if I try to convert from a traditional to a Roth, will those 30 years of contributions convert tax free?

I *think* I've read contributions can convert, but earnings are separate [more]

Wed Jan 7

NL

Boards Post

foo1bar replied to the Tax Strategies board. 11:17 AM

Re: Filing US taxes

They're not cheap, but the best of the best are Turbo Tax and Tax Cut.

If by "best of the best" you mean best marketting/advertising, or best marketshare, then yes, yes they are.

For the OP, I'd probably go with [more]

Mon Jan 5

NL

Boards Post

foo1bar replied to the Building / Maintaining a Home board. 7:32 PM

Re: Dehumidifier

But I'm smelling a mustiness if it's remained closed a few weeks.. Moisture is my guess, since it's in heated space, not sure why, other than there is no venting..

My guess?
Something in there has a bit of mold.
Maybe some [more]

Sat Jan 3

NL

Boards Post

foo1bar replied to the Buying or Selling a Home board. 1:36 AM

Re: sale within family

Another person said I need two lawyers, one for each of us. I hate spending that money when we have already come to a decision on everything.


I'd go with two lawyers - one for each.

If you have everything pretty much [more]

Mon Dec 29

NL

Boards Post

foo1bar replied to the Building / Maintaining a Home board. 6:32 PM

Re: Christmas tree holder

I'm sure it will balance just fine under static conditions, but I'd be afraid of anything that might impart a tipping force. It wouldn't take much to get the center of gravity out beyond the bottom width of the bucket.
You'd have to move [more]

Sat Dec 27

NL

Boards Post

foo1bar replied to the Building / Maintaining a Home board. 8:37 PM

Re: mulching leaves

http://www.homedepot.com/p/FLEX-Drain-4-in-x-25-ft-Polypropy...

and a day or two of digging, and you can get rid of that wet [more]

Fri Dec 26

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]

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