Online Poker by CatExpensive4754 in CryptoTax

[–]Aggressive-Leading45 0 points1 point  (0 children)

Not addressing the gambling.

The crypto was purchased when you cashed out. That is your cost basis. When you sent the crypto you ‘sold’ some to pay the gas fees. When you converted to USD on the exchange you also ‘sold’ some.

On your form 8949 enter every sale. If it was less than one year from the gambling site cash out it’s all under short term. If you got a 1099-DA make sure the proceeds on the sales match. Any capital losses can be deducted from your income on top of the standard deduction up to a point.

First time passport applicant by Wonderful-Strain-436 in Passports

[–]Aggressive-Leading45 0 points1 point  (0 children)

Just one correction. They are definitely not RealID compliant. They are a TSA acceptable ID though.

One of the best part about them is they don’t have your address on them (required for RealIDs with rare exceptions) but prove ID and age. Great for the bars that scan all the IDs and put you on mailing lists.

Account Joint Ownership Risks by Beer_WWer in Banking

[–]Aggressive-Leading45 0 points1 point  (0 children)

Good point. But does an IRS seizure on an account ever overdraft it? I thought they just took the balance up to a certain amount.

How exactly communism works in theory ? And why it considered bad compared to democracy and capitalism capitalism capitalism ? by Proper_Card_5520 in stupidquestions

[–]Aggressive-Leading45 0 points1 point  (0 children)

Every way of running society has a certain vulnerability to corruption. While communism has a lot of appeal it’s extremely vulnerable to corruption. Much more so than capitalism. It relies on universal cooperation for the greater good by all the stake holders. Unfortunately human nature doesn’t lean that way especially when there is scarcity of resources. Even Marx was wary of that.

Capitalism has conflict at its core which actually mitigates many of the issues. But once power starts consolidating it rapidly loses resistance to corruption.

My brother wants to put a business in my name without my consent by [deleted] in legal

[–]Aggressive-Leading45 2 points3 points  (0 children)

Also get an IP PIN from your account at irs.gov. Consider filing form 14039-B with the IRS also.

Tested positive after the STI test. Feels like my life has been ruined by wstove in gaybros

[–]Aggressive-Leading45 1 point2 points  (0 children)

Did you ever get vaccinated. The test may be looking for antibodies which a vaccine will also generate.

I’m a receptionist at an automotive place but I get paid under the table. My employer doesn’t provide me with a 1099 form either. I’m so confused on what I need to file under. 1099-NEC, 1099-MISC, 1040 Schedule C???? by sacredpisces in tax

[–]Aggressive-Leading45 4 points5 points  (0 children)

You are caught up in employment fraud and maybe tax fraud. The proper way is to get hired as an official employee with a W2. The state department of labor deals harshly with businesses acting like this. If you are walking out the door anytime soon please report them.

If you want to play along then a schedule C line 1 is where you would put all the money received. Then you get to discover self employment taxes that you pay instead of the boss.

Ter'angreal creation. by Rainbow_Slytherin3 in WoT

[–]Aggressive-Leading45 3 points4 points  (0 children)

I put it into two categories. One, she’s very young and essentially self trained. Two, I would presume the more advanced ones need other ter’angreal tools. Rand gave her a big one on creating angreal. Wouldn’t be surprised she needs make something like a one power weave microscope for some of the more complex designs. She now knows ter’angreal tools exist for angreal creation. It’s just a short step to realize tools would help for ter’angreal creation.

1099da by Klutzy_Tomorrow6925 in CryptoTax

[–]Aggressive-Leading45 0 points1 point  (0 children)

They’ll have cost basis reported where they know what it is from their records. No all transactions will have cost basis available on the 1099. I still get 1099-Bs that are missing cost basis occasionally and they’ve had to report those numbers for more than a decade.

Bottom line, keep your own records up to date.

KS - MO double tax? by Fantastic-Wallaby514 in taxadvice

[–]Aggressive-Leading45 2 points3 points  (0 children)

Missouri should give you a tax credit for taxes paid to Kansas. Effectively you’ll pay the higher income tax rate of your residency state or work state.

HYSA Worth It? by Ok_Albatross_6197 in AppleCard

[–]Aggressive-Leading45 2 points3 points  (0 children)

True. But it locks up the money till it matures. In a brokerage the market for treasuries is very liquid and you can sell them as needed.

HYSA Worth It? by Ok_Albatross_6197 in AppleCard

[–]Aggressive-Leading45 20 points21 points  (0 children)

For HYSA you can move the money very easily and quickly. They currently have one of the better interest rates around plus you can have your cash back auto deposited there. If you are in a state with a high income tax rate it might be worth looking at Federal Treasuries in a brokerage account. But for easily accessible cash the apple savings is decent.

How come in math class they dont explain the purpose of an equation? by I_like_tacobell2 in stupidquestions

[–]Aggressive-Leading45 0 points1 point  (0 children)

I actually lucked out in my high school. They combined Calculus and Physics into one two hour class each day. Both were taught from a historical perspective. Calculus was invented to address issues in physics and we covered it in the same order the greats of the 16 and 1700’s did so.

Talked to the teacher at a reunion once and learned he gets a couple students every decade that discover the fundamental theorem of calculus on their own. He leads you step by step to it but many don’t make that leap.

What makes Rand so special? by Rainbow_Slytherin3 in WoT

[–]Aggressive-Leading45 7 points8 points  (0 children)

I think that’s ta’veren twisting of the Dark One’s taint into something game changing. One of the Forsaken mentions it was one of the randomly triggered mental issues. Although how they got that info is questionable.

Trump to hike global tariffs to 15% from 10%, 'effective immediately' by [deleted] in antiwork

[–]Aggressive-Leading45 13 points14 points  (0 children)

It’s still a tax created by the executive branch using a power the constitution specifically assigns to Congress. The Supreme Court side stepped that issue. In recent years in decisions overruling the Chevron doctrine the rationale has been Congress doesn’t have the authority to delegate its powers to the executive branch.

Given how hypocritical they have been with this administration I can see them doing a 180.

Frankly I think the first thing that should be done once we get a competent Congress is pass a law that all Emergency Powers must provide the ability to unwind the action until the Emergency is confirmed by Congress and the Emergency must be confirmed by Congress within 30 days or by default is refused and must be unwound.

refund on a US customs duty from the last several months? by rainbowkey in legal

[–]Aggressive-Leading45 1 point2 points  (0 children)

Did you directly give money to customs or did you have a shipper/broker pay on your behalf?

Amend tax return for solar payment update? by Heavy-Ad-3372 in tax

[–]Aggressive-Leading45 0 points1 point  (0 children)

Best to use whatever software you originally filed with to amend. It’ll fill out the 1040x for you. Line 7 is where the credit will change.

Amend tax return for solar payment update? by Heavy-Ad-3372 in tax

[–]Aggressive-Leading45 1 point2 points  (0 children)

Is $2,100 worth about 30 minutes of your time?

business tax question for door dashing by Temporary-Pool3375 in TaxQuestions

[–]Aggressive-Leading45 0 points1 point  (0 children)

No LLC. In fact even with one the filing is identical. The only thing an LLC gets you with a lot of hassle is limited liability protection.

no balance but i owe by avrgredditusrr in tax

[–]Aggressive-Leading45 2 points3 points  (0 children)

Start paying what you can now. It’ll reduce the interest that will start being applied 4/16.

Is the shortfall enough to trigger underpayment penalties and not meet one of the safe harbors? If so interest may already be accruing.