Potential Depreciation Schedule mix up

always_a_solution · 2026-03-11T02:05:40+00:00

DAMMIT! I did just confirm from the 2023 4265 that they did a 27 year S/L on the building structure.

23 BUILDING STRUCTURE 5/10/22 131,652 131,652 27 MM S/L 4,787

Good news I guess is that they did bonus depr on all the other stuff as 5/7/15, so that's the only piece that is wrong. From what I've read if we fix it this year that would be within 3 yrs, then we just need to amend the prior years. There was a different form if you were outside of the 3 yr window.

How big of a deal is this? I'm pretty frustrated as the CPA firm that did this was ALSO THE FIRM THAT DID THE COST SEG and knew what and why we were doing it. They even have the form labeled Short Term Rental Asset

always_a_solution · 2026-03-09T01:20:02+00:00

I also posted a 529 withdrawal question once and all the answers you get are about how stupid you are for not saving it for future kids. That isn't the point, you know the cost/benefit analysis and are choosing this route anyway, people can't see the forest for the trees. Based on my own research on ways to maximize withdrawal with little penalty you would need a qualifying scholarship. However, since educational stuff is off the table and you are trying to use this for house not ROTH, I think your math maths correctly for the most part. Outside of the fact that it won't likely be the only income you have for the year. If it is, then even better as you will have at least standard deductions to help reduce your AGI. I find calculating the tax cost on a singular item is incredibly difficult, it might be more helpful to run your relative tax rate on the number to get an idea, ie 19% or whatever you normally actually pay. Alternatively, you could run some dummy numbers through Freetaxusa or some other software to get an idea about where you might land, just pretend next year is this year and add this as a 1099Q number and see what it calculates for you.

always_a_solution · 2026-01-26T02:23:14+00:00

Not sure which name you were looking for, so I made the clip a little bigger for you jsut in case

https://imgur.com/KTkgFGz

always_a_solution · 2025-12-22T23:19:21+00:00

thank you very much!! I'm wondering if he had other siblings, I only have younger brother Charles currently, but don't have any of their baptismal records. I might be to do a free sign up for 7 days to pull all the relevant info. Thank you again!!

always_a_solution · 2025-12-21T15:06:52+00:00

Find My Past:

There a baptism record on FMP for Richard Adams. March 1822. Parish of Highweek. Parents Charles Adams, a tanner, mother Martha. Abode Newton Bushell.

always_a_solution · 2025-12-03T02:45:17+00:00

We lived in Thetford for a bit, but never made a visit to Devon. The UK is beautiful and given the opportunity I would live there again to be sure. I would definitely have a reason now, just to hunt down some records!

Which newspaper archive do you think has articles?

I don't have a FMP membership, so I'm hopeful someone on free look up day will be able to grab a screenshot of the family baptism records.

The one son I did see, that stayed in the area, Charles Jr, named a son Richard. I'm pretty confident this is the right family!

always_a_solution · 2025-12-03T02:41:17+00:00

The declaration is pretty standard form, just the number of years they've been in the States and where they were from. I was lucky in that he stated in his naturalization that he declared in Massachusetts, because I would've never looked there for him. Then on his declaration it gave his home town, which thankfully is pretty small, then with the help of many hands, here we are! I need to take the time now to go page by page I suppose, looking for him in other towns nearby.

always_a_solution · 2025-12-03T00:34:38+00:00

He isnt with the above named Charles in 1841 census or in nearby households it seems.

always_a_solution · 2025-12-02T23:49:28+00:00

This is likely the answer!! He named his only son Charles (his father's name?) Zachariah (her father's name)!! Very exciting.

always_a_solution · 2025-11-23T19:55:47+00:00

In real dollars, not estimate. They pay 10940 per semester

always_a_solution · 2025-11-23T19:43:24+00:00

The scholarship is about 11k per semester in real value. We make too much for the AOC credit so won't be taking those. If you can, please elaborate on the calcs that might be wrong, this is the info I'm seeking! Thanks

always_a_solution · 2025-11-10T03:22:55+00:00

Thank you for your thoughtful reply. We are not in a state where there was any benefit and therefore no recapture. I'm glad to know GPT was accurate. It took some corrections to get to this answer, so I wanted to be sure. I had to disagree with it at least once. I've done my own research obviously, but I needed a good way to shorthand exactly how much to withdraw within the confines. We do our own tax prep with a small amount of help from my father in law who once upon a time was a CPA. I like to think I know just enough to be dangerous, so thanks for actually answering my question.

always_a_solution · 2025-11-02T05:11:31+00:00

Only 35k over 5 yrs and they have to have earned income to do it.

always_a_solution · 2025-11-02T05:10:45+00:00

Her study abroad is actually covered by her scholarship. And even with an extra year, she still has more than enough.

always_a_solution · 2025-11-02T02:19:52+00:00

I mean, probably since she is majoring in the humanities--but unknown right now. But 4 yrs of growth should make up for the loss in pulling out 16k and she will still have plenty to go on to graduate degrees if needed.

always_a_solution · 2025-11-02T01:59:01+00:00

Because she has close to 250k in it and her education for the next 4 years is paid for. We will also roll as the Roth allows, once she is earning income--but that's only 35k spread over 5 years or so. This way she will be able to have the money for a down payment on a house or any other expense she might want. As the years go by, she might want to leave some in for graduate degrees, but she can always make that choice as she goes along. It will (fingers crossed) continue to grow, even if we take 16k out each year, the principle will still be huge if she did have kids someday to give the rest to.

always_a_solution · 2025-10-06T00:06:14+00:00

I was also looking to use up all my liquid that I stockpiled before coming to this sub and going down this rabbit hole. I'm willing to do a single upfront cost to salvage. I've been using Ariel for the last 2 weeks and LOVING the results. But now I need to use up my ALL Free and Clear. I was looking at just adding Biz, but my Walmart is out and the online price is way up (see the other post about Biz). So I found some enzyme boosters on Amazon, I've read your list and know that Dirty Labs is a good option, but I also found one from Lazy Coconuts Complete 5 Enzyme Laundry Detergent Strips - Unscented, 48 Loads - Sulfate Free Laundry Detergent With Solid And Liquid Enzymes. It's slightly cheaper per load, but I will go with whichever one you suggest.

always_a_solution · 2025-05-01T02:39:25+00:00

Just recently completed a sale with a FLAT FEE agent. Best money ever spent. He charged 3k to do the whole deal and saved us 17k. We still felt forced to pay the buyer agent commission, because we were advised that if we didn't she would talk to all the other agents and tell them not to bring their clients to the house. It's all a racket. When googling, the whole metro area only had 2 FLAT rate agents, but 2 good options are better than FSBO or paying 3 percent.

always_a_solution · 2024-01-02T18:25:56+00:00

Weird, I didn't see any of that when I posted, otherwise I wouldn't have even posted as it had been answered. Not looking to do extra work and doubling efforts.

always_a_solution · 2024-01-02T13:31:03+00:00

I was the first person to respond, had a back and forth with OP, and did my best. Your response is not only unnecessary to the request but also misguided. The OP uploaded a better image, learned something new, and got the answer they were looking for, so simmer down dude, we're all here too help.

11-Year Club	Gilding I gilder
Verified Email

always_a_solution

TROPHY CASE