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).
Mal: How come you didn't turn on me, Jayne? Jayne: Money wasn't good enough. Mal: What happens when it is? Jayne: Well... that'll be an interesting day.
'Serenity'
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.
-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
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).
-t - Apr 04, 2013 10:24:15 am PDT #17200 of 30001
I am a woman of various inclinations and only some of the time are they to burn everything down in frustration
Hey, my scale came! It's as cute and yellow as I had hoped, and seems nifty for weighing things. So far I've just weighed the salt shaker and the instruction manual that came with the scale, because I only have a little time before I have to be back at work, but it seems to work.
le nubian - Apr 04, 2013 10:30:49 am PDT #17201 of 30001
"And to be clear, I am the hell. And the high water."
"This is fascinating. The Miami Dolphins Cheerleaders did a dance video to “Call Me Maybe.” U.S. troops stationed in Afghanistan saw it and did their own version, matching the cheerleaders scene-by scene. Here are the two videos together."
note: "call me maybe" does play. and there are shirtless men and women in bikinis.
msbelle - Apr 04, 2013 10:35:57 am PDT #17202 of 30001
I remember the crazy days. 500 posts an hour. Nubmer! Natgbsb
The training course is $39, so a little over a dollar an hour.
le nubian - Apr 04, 2013 10:38:20 am PDT #17203 of 30001
"And to be clear, I am the hell. And the high water."
you know, maybe I should try to get some tax advice on whether I can get a credit for the loss I took.
le nubian - Apr 04, 2013 10:39:53 am PDT #17204 of 30001
"And to be clear, I am the hell. And the high water."
from the IRS: "Losses from the sale of personal-use property, such as your home or car, are not deductible."
Nora Deirdre - Apr 04, 2013 10:45:26 am PDT #17205 of 30001
I’m responsible for my own happiness? I can’t even be responsible for my own breakfast! (Bojack Horseman)
We rented the house briefly, so it's not just personal use property. Also not our primary residence.
ETA: OMG, I can't believe having those nightmare tenants is actually helping us.