Search results

  1. H

    Property tax transfer (CA Prop 19) anyone?

    Unless things have changed recently, the prop 19 took affect Feb 19 2021. So you would have had to transfered title prior to that date to avoid a real estate tax increase to your heirs, unless they became one of the prop 19 exemptions.
  2. H

    RMD question on paying taxes

    When you take an RMD, you've withdrawn money from your tIRA and you now have cash. This money is fungible, you can do anything you want with that money (pay tax, invest, save, pay bills, etc.). You can also at the time you take the RMD indicate what Federal & state tax you want to pay from the...
  3. H

    landlord seeking help

    I've been a landlord here in SoCal for about 30yrs. so I have a lot of tenant experiences, both good & bad. Ca just passed AB1482 requiring a just cause reason to evict and defining what a just cause eviction is. PAYING LATE RENT is not a just cause reason to evict. Additionaly it...
  4. H

    landlord seeking help

    Since your in Ca, if your not exempt under the new Ca rent cap law AB 1482, GET THESE TENANTS OUT before Jan 01 2020 or you will be stuck with them for a long long long time and then pay them a relocation fee of at least 1 month rent.
  5. H

    landlord seeking help

    Your not a horrible landlord, but merely renting as a hobby not a business. I had a tenant pull the same excuse. I gave them a "happy clause" letter. I told them I depend on their on time payment to pay mortgage, insurance & property tax. I showed them how much it cost me in late fees if...
  6. H

    Do you prepare your own tax return?

    I've a complex complicated returns. Fed & state Tax regulations change too much & fast for me to keep updating each year, even with Lassers. So CPA wants numbers in boxes, effectively forcing me to do a return, so I use TT. Then give him the major TT return schedules with identified areas I...
  7. H

    Bank of Amer. - Shop Safe - Discontinuing

    Just talked with BOA credit card SC. After a quick search she confirmed Shopsafe IS TERMINATING on Sept 20 2019. This was in an alert sent out today. Search for another virtual credit card provider begins.
  8. H

    Bank of Amer. - Shop Safe - Discontinuing

    I also am having the BoA Shop Safe problem. If it continues after I return from overseas vacation I'll look for another Visa card with this feature or have to shift to a Master Card with this feature. Shop safe was the major reason I selected BoA Visa after the old Fidelity sponsored Visa card...
  9. H

    Most spent on cars?

    Just bought a 50K+ Lexus for wife.
  10. H

    Being honest to my boss as I walk out the door. Financial ramifications?

    I worked as a rented employee of a contract company, a contractor. All day long client was calling contractors & employees into small conference room for 1 on 1 discussions. I had seen this many times before so I knew what was coming. When my turn came I simply asked when was my last day was...
  11. H

    WellsTrade unauthorized reduction of good till canceled buy order

    jim584672, it'd be great if WellsTrade actually had a "DNR" check box, but neither the broker nor I could find it. And yes I think D will drop similarly to what CVX did on Aug 24 & 15 when it traded below 68 after trading 105 in May. A D dream price occurred for 4 days in June 2013. Since...
  12. H

    WellsTrade unauthorized reduction of good till canceled buy order

    Had a disconcerting WellsTrade situation occur. On 8/23 entered a buy good till canceled order for Dominion Res (D) at $50/share. On 9/7 I got a Wells Fargo Advisors confirmation dated 8/31, showing an open order buy for D at 49.30 with a date entered of 8/31 and type ex-dividend. The...
  13. H

    When to sell dividend paying stocks

    How about selling enough to recover your investment cost + cg, and letting the rest ride. I've done that for several and with the money gone and purchased other dividend payers.
  14. H

    To "umbrella" or not to "umbrella"...

    Geico 3m $511
  15. H

    ClearScreen Player

    ClearScreen Player is classed as a potentially unwanted program (PUP) and adware. This PUP infiltrates systems without users’ permission, continually tracks users' web browsing activity, and delivers intrusive online advertisements. According to several googled articles it may require...
  16. H

    Poll: Retirees, how adequate is your retirement income?

    Investments are generating just under 2.5 X what my wife made when she use to work.
  17. H

    Checking / Savings account sign up bonus offers

    Last week did Chase, in name of my trust. They identify trust as business, so they shifted it to personal id account. CS told me, it I could find another coupon my wife could also open bonus accounts in her name. Thanks REWahoo for the link.
  18. H

    How do you organize your financial records?

    My organization is divided into two areas, current receipts/statements and historical records such as tax filings, associated receipts, calculations etc. For current receipts/statements, I scan paper copies of bank, Vanguard, Fidelity, etc. statements to dated titled pdfs. Download broker...
  19. H

    Anyone know what this is/was??

    Looks like a hair brush I combed our pets with to remove shedding hair.
  20. H

    What would you buy if another 2008 happened?

    I've got a dream list up & GTC orders in, so if 2008 happens hopefully I'll get some. List includes more of what I already have at lower levels and new items. BPL, D, CVX, XOM, VNRB, SCO, DUK, EPD, AVA, & WTR.
  21. H

    Poll: Monthly income streams (please read before voting)

    Got SS,pension & rentals, makes up monthly income well north of 10K/mo. Does not include interest or dividends in taxable accounts, nor RMDs which we have to now take. Spend all RMDs and more paying taxes.
  22. H

    Old tax returns ?

    Using ScanSnap to scan fed & state returns & supportive documentation. Then take it to CPA to shred it all. I only keep original wet signature documents & Lasser's Tax Guide. Digitally it all fits easily on an external hard drive in an encrypted format.
  23. H

    Kinder Morgan consolidation

    According to my MLP Newsletter, KMP shares are sold so all taxes will be due as if it were an normal sale, but you'll get KMI shares at a new cost bases: 1 KMP share = 2.1931 KMI shares + $10.77 KMR get a like kind exchange so there is not sale tax due: 1 KMR share = 2.4848 KMI shares All...
  24. H

    Real estate vs Equities

    Your right on several points. Net rental income is taxable. Depreciation defers taxes, with loop holes. Yes landlording can be painted a little too rosy, it's not for everyone. And it's not a get rich quick scheme. But I don't think its too rosy a description. The bottom line is after many...
  25. H

    Limo service from Jerusalem to Tel Aviv

    Sherrut. Board it in Jerusalem square, carries 10-15 passengers plus some luggage to Tel Aviv Central Bus terminal side street. A bit of a cramped ride, but much faster that the bus & reliable. For seniors, I remembering it cost about $10/person, in IL. Leaves every 1 hr during the day time...
Back
Top Bottom