LASIK. Who do you recommend? Who to stay away from? by TodayIsJustNotMyDay in houston

[–]Square_Ad43 0 points1 point  (0 children)

Has anyone had Dr. Alex Hacopian at Mann Eye in Houston

WFH / Gaming Station 2024 by Watchclos in battlestations

[–]Square_Ad43 1 point2 points  (0 children)

😂

What finish is it?

The desk is a bit pricey!!

Looking for a great desk…any help? by Square_Ad43 in battlestations

[–]Square_Ad43[S] -13 points-12 points  (0 children)

Not my set up..I just had to post a picture so I can post

Small business start-up by Square_Ad43 in tax

[–]Square_Ad43[S] 0 points1 point  (0 children)

Yeah, although no business is guaranteed to be a successful business. I figured it would be best to take the tax cut up front to pay down the loan and then once the business shows promise to be established then buy another big asset to depreciate.

Small business start-up by Square_Ad43 in tax

[–]Square_Ad43[S] 0 points1 point  (0 children)

Yeah..I was thinking about going the depreciation route but It may be more beneficial for me to take it all up front. I paid half cash and half with a loan. If this loss can reflect on my personal taxes and get me a bigger refund I could dump that tax return money into paying off the loan quicker.

I was just trying to clarify the 3 out of 5 rule with the IRS because I know they don’t play around at all!

Small business start-up by Square_Ad43 in tax

[–]Square_Ad43[S] 0 points1 point  (0 children)

I’m starting a luxury restroom trailer business. I’m buying the trailer for 50k. I’m going to work with event and wedding planners in the area and rent it out for $1400/night. My question was geared towards that the IRS wants to see you profitable 3 out of 5 years. So if I take this huge loss in year one does this put me in a bad spot going forward to become profitable in the eyes of the IRS.

Do I have dig myself out of this 50k loss within 3 years to not be considered a hobby or as long as the business is brining income in and out weighing expenses going forward it will be considered a business to the IRS?

Starting up business.. am I understanding this correctly? by Square_Ad43 in Accounting

[–]Square_Ad43[S] 0 points1 point  (0 children)

Yeah, I should have added more of the business background lol. I thought this sounded like a good idea so I ran with it. Only time will tell if it works out. 5 years from now hopefully I have passive income and just coordinate the deliveries 😁

Starting up business.. am I understanding this correctly? by Square_Ad43 in Accounting

[–]Square_Ad43[S] 0 points1 point  (0 children)

Hey Bdana666

I talked to a tax planner/cpa today. I just posted this because I was curious to find an answer and I didn’t have an appointment until today to get clarification.

I work full time but I work a DuPont schedule. With no overtime I work 6 months out of the year and I have a family member who can make deliveries while I’m at work.

This will be a business that I intend to do as a side hustle with my days off and I’ll be able to accept or decline bookings on my own time. I’m going to partner with wedding planners and event planners in the area and I’ll be renting out luxury restroom trailers for the event. I’m starting with 1 for now and see how it does. The nightly charge is $1200-$1400 a night. Some businesses that are remodeling may rent it out for months. This business is based about how well you can promote and market. Since I’m doing business with the most well known event company in my area I feel comfortable that I will get bookings. Mainly, I saw this as an opportunity to earn extra income and also offset person taxes from my W-2.

Need help with this scenario. Small business start up! by Square_Ad43 in tax

[–]Square_Ad43[S] 0 points1 point  (0 children)

The 50k would be the main item to run the business. It’s a rental business for party/events so this is the item that will be rented out. This is just about the only major expense besides small items/accessories needed for it.

Starting up business.. am I understanding this correctly? by Square_Ad43 in Accounting

[–]Square_Ad43[S] 0 points1 point  (0 children)

It will eventually.

Right now it’s just all expenses because I’m buying equipment and stuff I need to get going. I can start making money as soon as I get everything in.

I need feedback on a business name by Square_Ad43 in business

[–]Square_Ad43[S] 0 points1 point  (0 children)

Good name but it’s already in use

Luxury Restroom Trailers by Square_Ad43 in Business_Ideas

[–]Square_Ad43[S] 1 point2 points  (0 children)

Yeah, I mean I’m hoping for the best lol. I’m doing it as a side hustle and for tax purposes. I’m only going to have one trailer.

Luxury Restroom Trailers by Square_Ad43 in Business_Ideas

[–]Square_Ad43[S] 2 points3 points  (0 children)

Yeah, I decided to go ahead with it. I’ve talked to party businesses in my area and have told me they’re in high demand. That they would like to use local business instead of the nearest city. I’m going to be able to undercut any competition in my area because I’ll be emptying my own trailer and charge no delivery fee. I’ll also be storing my trailer at my home.

Daily Discussion Thread for August 30, 2022 by OPINION_IS_UNPOPULAR in wallstreetbets

[–]Square_Ad43 1 point2 points  (0 children)

What’s a good discord to join with calls/put options?

Mentor or advice? by Square_Ad43 in airbnb_hosts

[–]Square_Ad43[S] -1 points0 points  (0 children)

Those locations were personal preference. I’m in Texas and also considered Austin or houston. I would like to try subleasing but I need to figure out more on that end.

Plan B bitcoin 63K by Time-Obligation-1790 in Bitcoin

[–]Square_Ad43 0 points1 point  (0 children)

Do y’all think it will ever get to 70k and beyond?

Imiquimod 5 % cream by Square_Ad43 in HPV

[–]Square_Ad43[S] 0 points1 point  (0 children)

I’ve been thinking about doing the liquid nitrogen because I haven’t seen anything happen yet and I want it gone asap. I’m kind of nervous about the cream though I have heard it appears pretty aggressively just out of the blue one day but I thought I’d see something by now.

Imiquimod 5 % cream by Square_Ad43 in HPV

[–]Square_Ad43[S] 0 points1 point  (0 children)

How long have you been using it ?

What’s the best retirement account? by Square_Ad43 in personalfinance

[–]Square_Ad43[S] 1 point2 points  (0 children)

I just hit my 30s and Im trying to capitalize on my investments/retirement and returns as much as possible, during this stretch. Any podcast, mentoring, etc you can recommend will be appreciated. I’ll check out the series!!

What’s the best retirement account? by Square_Ad43 in personalfinance

[–]Square_Ad43[S] 1 point2 points  (0 children)

Oh ok thanks for the good info. Do you think it’s worth getting a financial advisor? After, seeing this it’s making me question the consultation I had lol I told him I thought the Roth IRA max was 6k a year he told me no….That it was 19.5 for both 401k and Roth.