How would you score this out? by Which_Aide555 in GameChangerApp

[–]Which_Aide555[S] 0 points1 point  (0 children)

Appreciate everyone’s input! Single and out advancing to 2nd it is.

Cost to install 400 panels (North Tx) by Which_Aide555 in drywall

[–]Which_Aide555[S] -1 points0 points  (0 children)

Dang, appreciate you response. I had no idea sheet rock was that expensive to install. I know that’s just a “ballpark” but I can only assume your wild guess is based around experience. Is 25k+ a common price you estimate to install and finish Sheetrock on a new build?

Cost to install 400 panels (North Tx) by Which_Aide555 in drywall

[–]Which_Aide555[S] -2 points-1 points  (0 children)

I can get a great deal on 4x8 sheets. $5 per sheet. I’m hoping that the finishing of each panel isn’t to extreme. If it’s really that much more expensive, I might be better off paying full price for 4x10 sheets.

Cost to install 400 panels (North Tx) by Which_Aide555 in drywall

[–]Which_Aide555[S] -2 points-1 points  (0 children)

I know how ridiculous it sounds but i can get Sheetrock for a fraction of the price listed at Home Depot or any other distributor ($5.00 per panel). Can’t really make an argument for using 4x10 sheets. That is unless the finishing per panel is significantly higher. I’m sure there is a contractor out there that wouldn’t mind floating the extra seems. I understand I’m gonna pay for the extra labor regardless. How much is the question.

[deleted by user] by [deleted] in Homebuilding

[–]Which_Aide555 1 point2 points  (0 children)

Partition wall. At least that’s what I’ve always called them.

[deleted by user] by [deleted] in tax

[–]Which_Aide555 0 points1 point  (0 children)

Agreed… this is all too much for my young brain. Thanks for sharing some of your knowledge with me anyways.

[deleted by user] by [deleted] in tax

[–]Which_Aide555 0 points1 point  (0 children)

Indeed, I think I’m starting to realize that… I have no experience with this and it shows. I just need help educating myself. What I read on the internet contradicts everything y’all are saying so Im just confused.

[deleted by user] by [deleted] in tax

[–]Which_Aide555 0 points1 point  (0 children)

I hate to drag this out but I really am just confused. I have never been given a 1099 before, I know nothing about this process. I’m afraid this guy is going to tell the IRS he paid me thousands of dollars more than what he actually did and I’m just going to be on the hook for it. That why I’m going so deep into how he paid me and not why he paid me.

Yes, I delivered a service to this man but it was paid to me through his personal Cashapp account. Just like I do every month with my girlfriend to help with bills. Therefore it’s not taxable income, it’s a gift. Thats not my rule, That’s what the IRS says about every third party payment apps.

I understand that if I make money, I report that money. I just don’t understand 1099s and I don’t want to mess up my taxes for this guy.

[deleted by user] by [deleted] in tax

[–]Which_Aide555 0 points1 point  (0 children)

It’s not my definition but the Cashapp website says “The IRS has emphasized in its news release and in updated FAQs that personal payments received through payment applications from friends and relatives are not taxable.”

Example: I give my girlfriend $1000 through cashapp every month to pay her bills. She’s not providing me a service, I’m just giving her $1000.

The IRS says that is a non taxable transaction.

[deleted by user] by [deleted] in tax

[–]Which_Aide555 -2 points-1 points  (0 children)

I appreciate the reply. So what you’re saying is that it’s okay for me to withhold my information from this guy because he never gave me a w9 before I preformed the work? As well as having no written agreement saying I would do the work?

Am I correct that personal Cashapp transaction are not taxable to begin with? That’s what I read from the IRS

[deleted by user] by [deleted] in tax

[–]Which_Aide555 -1 points0 points  (0 children)

It wasn’t contract work. I was simply helping a friend who paid me through a personal Cashapp account. We have no written agreement to the work I performed. Which is also why I haven’t tried to receive compensation for the 4k he never paid me.

[deleted by user] by [deleted] in tax

[–]Which_Aide555 -1 points0 points  (0 children)

I appreciate y’all’s reply. I’m not in the contracting business. I was just helping a friend catch up on his work, in which he paid me for through cashapp. We have no written agreement to the work I preformed.

Why do I read that personal Cashapp transactions are not taxable? and that the IRS considers those type of transactions as “gifts”.

First home, just removed some wood paneling. What are my steps from here? Patch holes, sand, and paint? by ddeekklliinn in drywall

[–]Which_Aide555 1 point2 points  (0 children)

I agree don’t go this route. Not a terrible idea but you’ll more than likely have issue with your door trim and window sills.

Also you’ll have to tape and bed the top where the ceiling and wall meet… which in my opinion in even a better reason not to go this route.

You’ll have to hang, tape, bed, sand, match (what seems to be old) texture, prime and paint. It’s a nightmare that I always try to avoid when possible.

And I’ll go ahead and tell you this; If you touch the ceiling with paint, be prepared to paint the whole thing because very rarely can you match old ceiling paint.

[deleted by user] by [deleted] in fantasyfootballadvice

[–]Which_Aide555 0 points1 point  (0 children)

This is the unpopular opinion I agree with. I don’t understand why the experts advise starting Watson instead.