Recent content by captain3d

1031 into several cheaper properties and sell them off one by one in different years to lower taxes. Remote managers have been good enough for me.

Too much emotion attached now. 2:1 vote said sell. Probably time to sell and go from there.

I can understand that although I am sure you would not want to switch places.

My older brother chose work over college. I went to college and benefitted about $20k from my parents that he never saw. This has always been at the back of my mind. He is getting close to retirement and has always lived responsibly financially. But still things are a bit tight despite his low...

The biggest thing I miss is “take me to first unread message”

I think “They” are charging too much. 1000corks.com is a good place to search for bottle prices. Responding to Dash Man

I know it’s the blow that dough thread but that price is way too high. I see Florida online stores showing $70. https://www.craftspiritsxchange.com/the-balvenie-12-years-double-wood-750ml.html

The guy, walking, at the running track who manages to walk in in all eight lanes while I and others are running around as hard as we can.

Bunnahabhain 18 year old whisky was $180 a few years back. Last week at a total Wine $360!

Ah yes another option thanks

[/QUOTE are you mistaken that the long term tax is for a 100percent sale and short term is 50percect for two years. Wouldn’t the 400 sale be double Yes it is double. Part of the issue is that CA tax does not have LT. Only as income.

Thanks Hotwired Yes that is more or less what I worked through and decided on the split. Robo thanks for the tip. At this point I have bought and sold enough to generate half ($300k) cap gains and maybe with some flexibility if the accountant wants to structure it FIFO or LIFO. Now we wait...

Ultimately I am trying my best to pay taxes so they should be more or less happy :-)

No 1099 yet for crypto “ The IRS, via announcement 2023-2, deferred the requirement to report digital asset transactions on Form 1099-DA for the 2023 tax year. ” It does seem like it is some what flexible right now. “ Thankfully, the IRS accepts several methods for calculating the cost basis...

Good point I will check the FIFO status. I am not clear Re guards to crypto either. There is currently no wash sale rules for example.