Dana: [link]
Wash: Psychic, though? That sounds like something out of science fiction. Zoe: We live in a space ship, dear. Wash: So?
'Objects In Space'
Natter 71: Someone is wrong on the Internet
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
Jesse - Apr 04, 2013 9:30:53 am PDT #17190 of 30001
Sometimes I trip on how happy we could be.
Nora Deirdre - Apr 04, 2013 9:50:16 am PDT #17191 of 30001
I’m responsible for my own happiness? I can’t even be responsible for my own breakfast! (Bojack Horseman)
Wow, I think we were talking about investing in accountants, etc. here? We got our estimated return back from our tax guy and it looks good that we are getting a really significant refund (like $20K+) because of the massive loss we took on short selling the house. And we should be able to continue to carry writing these losses off for future years until we recoup the loss. THAT IS CRAZY PANTS BANANA TOWN.
He did mention us needing to keep our income up, so I assume this means it's a rich person tax thing, which is upsetting. Shouldn't people be able to get the losses back on their property regardless of their income/tax bracket? I mean, seriously.
Dana - Apr 04, 2013 9:50:19 am PDT #17192 of 30001
I haven't trusted science since I saw the film "Flubber."
Heh. I saw that earlier.
Consuela - Apr 04, 2013 9:54:22 am PDT #17193 of 30001
We are Buffistas. This isn't our first apocalypse. -- Pix
Shouldn't people be able to get the losses back on their property regardless of their income/tax bracket?
Well, you can't get more money back from the fed than you gave them, right?
Nora Deirdre - Apr 04, 2013 9:56:06 am PDT #17194 of 30001
I’m responsible for my own happiness? I can’t even be responsible for my own breakfast! (Bojack Horseman)
Yeah, that's what my accountant just said - as long as we make enough money to pay taxes on is all. OK, I've talked myself down from raging at injustice. Also, now I don't have to think of myself as being a rich person, because I am not.
brenda m - Apr 04, 2013 9:58:48 am PDT #17195 of 30001
If you're going through hell/keep on going/don't slow down/keep your fear from showing/you might be gone/'fore the devil even knows you're there
Good investment?
I don't know. If you were totally unfamiliar with any of those products, maybe. Only if it's cheap, I think.
-t - Apr 04, 2013 10:03:32 am PDT #17196 of 30001
I am a woman of various inclinations and only some of the time are they to burn everything down in frustration
Nora, I inherited a loss from my grandparents that I've been able to deduct on my taxes for, uh, 6 years now? The years I don't have income I think it still carries over to be used in the future (it's a big loss and the number of years into the future that I will be using it given the limits on claiming that type of deduction each year make noticing whether it's gone down the last couple of years not that obvious).
Theodosia - Apr 04, 2013 10:06:30 am PDT #17197 of 30001
'we all walk this earth feeling we are frauds. The trick is to be grateful and hope the caper doesn't end any time soon"
That's why if you have a complicated situation (real estate, tenants, home business, etc.) a tax accountant can be worth their weight in gold, because they're going to spot things you can't even conceive of -- or tell you that writing something off one way is better than another way.
le nubian - Apr 04, 2013 10:07:07 am PDT #17198 of 30001
"And to be clear, I am the hell. And the high water."
I thought you couldn't take a writeoff when you sell your at a loss?
I can't.
flea - Apr 04, 2013 10:22:58 am PDT #17199 of 30001
information libertarian
From my brief perusal of the relevant IRS publication, whether or not you can take a writeoff when you sell a house at a loss varies a great deal. The big issue is whether it counts as a primary residence or not, which is quite complicated (they have examples that sounded like those logic problems about matching couples at a dance).