footsox’s Activity

Wed Aug 26

NL

Boards Post

footsox replied to the Building / Maintaining a Home board. 6:19 PM

Re: AC Brand Recommendations?

Thanks guys! The AC tech repaired it for maybe a few more months. We are going to have the supervisor come tomorrow and propose whatever brands they have. We are leaning toward the Bryant brand. It is what we already have had and it has more than [more]

NL

Boards Post

footsox posted to the Building / Maintaining a Home board. 11:33 AM

AC Brand Recommendations?

Our whole house AC is old and having problems. The last AC guy recommended that we would need a new one soon and he was surprised that this one is still running. So, last night it died again and we have tried to reset it, etc. The AC company is going [more]

Tue Jul 28

NL

Boards Post

footsox posted to the Owning Rental Property board. 11:31 AM

Landlordology a good site

Someone on this board recommended I check out the website www.landlordology.com I signed up for their free e-mail newsletter and I am already impressed. Thanks to whomever recommended it. Just wanted to tell [more]

Wed Jul 15

NL

Boards Post

footsox replied to the Owning Rental Property board. 3:52 AM

Re: Rent house tax deductions

Thanks for the helpful replies. I certainly have a better feel for it all now. I will definitely buy the Ernst and Young book. I try to post here and do some internet research, before discussing it with my CPA. It helps to know at least the basics so [more]

Tue Jul 14

NL

Boards Post

footsox replied to the Owning Rental Property board. 3:55 PM

Re: Rent house tax deductions

I guess let me give you guys some examples and you can maybe explain some things to me.

1.) If I repair the garage door, it is an expense in that tax year?
2.) What if I have a garage door opener installed and there was not one there [more]

NL

Boards Post

footsox replied to the Owning Rental Property board. 12:02 PM

Re: Rent house tax deductions

I forgot to mention that we own all of these houses outright - no mortgages. Just to give you a bigger picture of our tax situation.

Thanks!

Footsox

NL

Boards Post

footsox posted to the Owning Rental Property board. 11:53 AM

Rent house tax deductions

Hi Guys, I am starting to organize my next year's taxes. (Now that I am newly retired, I find that I have time for this stuff sometimes!) In 2014, we had a couple of rent houses, and sold a business and both retired. So, our taxes were a bit crazy [more]

Thu Jun 25

NL

Boards Post

footsox posted to the Tax Strategies board. 3:57 PM

Can I deduct tips to technicians, etc?

I own a couple of rent houses. When I hire a person, for example to come and service the air-conditioner at one of the rent houses, I usually pay them their fee (with a credit card) and then I usually tip them in cash. I figure if I tip the [more]

Thu Jun 18

NL

Boards Post

footsox replied to the Best Travel Spots/Tips board. 3:34 AM

Re: Russian River Cruise on Viking

We are researching taking a European river cruise also. There is a lot of information here: www.cruisecritic.com

They have message boards with a lot of people talking about their river cruise [more]

Tue Jun 16

NL

Boards Post

footsox replied to the Tax Strategies board. 8:53 AM

Re: Capital gains if low income

Thanks inparadise! That is exactly what I needed.

Footsox

Mon Jun 15

NL

Boards Post

footsox posted to the Tax Strategies board. 4:02 AM

Capital gains if low income

We are both newly retired. We have 3 rent houses that bring in income. After expenses from the rent houses, our income will be reasonably low this year. If we sell some of our stock (to augment our income), is the capital gains tax 15% no matter what [more]

Sun Jun 14

NL

Boards Post

footsox replied to the Building / Maintaining a Home board. 1:37 AM

Re: Pop-up sink drain?

Thanks. I kid of thought so. I did a little more reading and it seems that if I buy one with a really big drain cover, the curvature of the sink by the drain hole can effect if it will close properly. Otherwise, it looks like a normal sized one will [more]

Sat Jun 13

NL

Boards Post

footsox posted to the Building / Maintaining a Home board. 12:12 PM

Pop-up sink drain?

Does anyone know if I can install a pop-up sink drain in ANY sink? I would like to install one of those pop-up sink drains in the bathroom we are remodeling. They are the ones where you simply push the drain cap down to close the drain, and push it [more]

Wed Jun 3

NL

Boards Post

footsox replied to the Tax Strategies board. 2:10 AM

Re: Capital Gains and sale of Home

If I am to understand correctly, if one spouse dies, then the exclusion is the $250K, since the person selling the house is now a single taxpayer? That kind of doesn't make much sense. I mean, let's say a married couple lives in the same house for 40 [more]

Tue Jun 2

NL

Boards Post

footsox replied to the Tax Strategies board. 11:47 AM

Re: Capital Gains and sale of Home

Well, we would not consider making it a rent house, so that's off the table. Also, no divorce planned after 23 years together. ;-)

Since we did most of the remodeling and improvements ourselves, we have thousands of receipts. For example, if [more]

NL

Boards Post

footsox replied to the Owning Rental Property board. 11:16 AM

Re: Online Bill Pay for tenants to pay rent?

Just an update. From a recommendation on this board, we chose Dwolla to do the online payments from our tenants. We signed up for an account with them and then notified the tenants how to do it, and we have just received our first payment from the [more]

NL

Boards Post

footsox posted to the Tax Strategies board. 10:53 AM

Capital Gains and sale of Home

(I also posted this on the "Buying and Selling a Home" board

If I am to understand correctly, on the sale of a home, a couple can take a once in a lifetime tax break of $500,000 capital gains on their home. So, if I sell my home [more]

NL

Boards Post

footsox posted to the Buying or Selling a Home board. 10:49 AM

Capital Gains and Home sale

If I am to understand correctly, on the sale of a home, a couple can take a once in a lifetime tax break of $500,000 capital gains on their home. So, if I sell my home for anything under $500,000, then I do NOT pay capital gains on it?

I am [more]

Wed Apr 22

NL

Boards Post

footsox posted to the Owning Rental Property board. 9:53 PM

Online Bill Pay for tenants to pay rent?

So, in case anyone is following my posts, we dumped the crazy tenant that couldn't have her money for 3 weeks and took the next applicants. They checked out perfectly and we love them already. They said their previous landlord had them use [more]

CAPS Stats & Trivia

CAPS Player Rating < 20
Player Rank 0 out of 75185
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 footsox’s CAPS page

Boards Stats & Trivia

Big red star, 1000 posts Old School Fool
Board Posts 1104
Recs Received 188
People who have rec'd these posts 119
Recs to Posts Ratio (last 30 days) N/A
Threads Started 551
Threads Started Percentage 49.91 %
Most Frequent Board Building / Maintaining a Home
Very First Post Low Volume on a pretty good stock (6/16/1999)
Percentage of Posts Rec'd 10.78 %
Show footsox’s 10 Latest Posts