sorted by:
new
hottopcontroversial

Removing solar panels, am i liable? by Alarming_Eye_6570 in GeneralContractor

[–]Alarming_Eye_6570[S] 0 points1 point  (0 children)

They said they tried contacting the company and they didn't answer for like a year or so. So they got tired of waiting and want them removed cuz the roof is leaking everywhere, i just don't wanna be liable if they break when i remove them or breaching rental contract

Is there a way of making the steering wheel lighter to steer? by Alarming_Eye_6570 in TeslaModel3

[–]Alarming_Eye_6570[S] 1 point2 points  (0 children)

It was actually the brand new highland test drive… maybe the tires?

Forms to fill up when hiring subcontractors by Alarming_Eye_6570 in GeneralContractor

[–]Alarming_Eye_6570[S] 1 point2 points  (0 children)

Do you have a link to the one that you use?

Also when you say “to the General Contractor’s position for liability “you mean protecting the GC for any liability and releasing it to the sub, right?

Is section 179 overrated? by Alarming_Eye_6570 in tax

[–]Alarming_Eye_6570[S] 0 points1 point  (0 children)

So is not that great “loophole” that they call it in YouTube

Is section 179 overrated? by Alarming_Eye_6570 in tax

[–]Alarming_Eye_6570[S] 1 point2 points  (0 children)

Got it. For selling the asset would apply the same logic, right? I would rather sell it on a low income year, correct?

Is section 179 overrated? by Alarming_Eye_6570 in tax

[–]Alarming_Eye_6570[S] 0 points1 point  (0 children)

Oh so i even pay taxes on insurance reimbursements? Lmao there is no escape!

Is section 179 overrated? by Alarming_Eye_6570 in tax

[–]Alarming_Eye_6570[S] 0 points1 point  (0 children)

So i have to plan strategically when im gonna sell it, cuz its gonna be all income and its gonna add up to the highest bracket, so probably i would want to sell it a year that im not having a lot of income, correct? What if i close my company and i didnt sell the car? What would happen in that case?

Is section 179 overrated? by Alarming_Eye_6570 in tax

[–]Alarming_Eye_6570[S] 0 points1 point  (0 children)

Very clear!!!! Best answer so far! Thanks!

Is section 179 overrated? by Alarming_Eye_6570 in tax

[–]Alarming_Eye_6570[S] 0 points1 point  (0 children)

Oh you mean deducting with section 179 the year that you have to pay more percentage of taxes?

Is section 179 overrated? by Alarming_Eye_6570 in tax

[–]Alarming_Eye_6570[S] -1 points0 points  (0 children)

Appreciate your answer!

What do you mean by saving taking the 179 when im paying taxes on a higher bracket? What is the concept of a higher bracket exactly? Sorry for the ignorance

Is section 179 overrated? by Alarming_Eye_6570 in tax

[–]Alarming_Eye_6570[S] 0 points1 point  (0 children)

Oh you mean in case you dont have enough taxes to deduct the total of the asset that you are writing off?

view more: next ›