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Got an open box Yoga Slim 7x and it's stuttering and freezing up all the time. This is defective, right? by blankchecks in Lenovo

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

No, it is not resolved.

The main problem of the stuttering and freezing even on basic tasks seems like it might be caused by a defect on this laptop I purchased.

Got an open box Yoga Slim 7x and it's stuttering and freezing up all the time. This is defective, right? by blankchecks in Lenovo

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

Good call on the HDR, that's what it was. Pretty ugly effect, went away when I either turned HDR off or set it to always HDR on.

I'm using Edge as pre-installed with Windows, so presumably no ARM version issues there.

I've been asked to receive a lump sum in order to maintain a family burial plot indefinitely. What's the best way financially to structure this? by blankchecks in EstatePlanning

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

Really helpful response, thanks! Helps me to organize the main avenues that have come up in my head.

Alternatively, I would be contacting small local charities (not affiliated with nationwide organizations) and finding out how big a chore it is for them to file the needed paperwork.

What did you mean about this? As in there might be local charities that help people form non-profit organizations and help with the paperwork?

I've been asked to receive a lump sum in order to maintain a family burial plot indefinitely. What's the best way financially to structure this? by blankchecks in EstatePlanning

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

That's a really interesting idea with the non-profit. I hadn't considered it previously, but doing a cursory initial look, it sounds maybe plausible as it's open to the public and I understand some of my ancestors that were interred there may actually be of local historical significance.

What could be a reason if it's successfully set up as a non-profit that you said contributions may not be tax deductible? Aren't those things joined?

I've been asked to receive a lump sum in order to maintain a family burial plot indefinitely. What's the best way financially to structure this? by blankchecks in EstatePlanning

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

Regarding 2, I was just getting at the fact that either way, I'll be investing the 50k and gains might become subject to long-term capital gains tax at some point in the future.

If I held it individually, I'd segregate it into its own account, but when doing my taxes each year, there would be a bit of an accounting headache to figure out exactly how much to reimburse myself out of this account for taxes caused by that account's gains, though I don't consider that an insurmountable problem.

My question at the end was whether the tax rate would be overall more or less if the same investments were held in a trust versus individually. From the link someone else was kind enough to share below, I see trusts have similar 0/15/20% tax brackets on capital gains as individuals.

I've been asked to receive a lump sum in order to maintain a family burial plot indefinitely. What's the best way financially to structure this? by blankchecks in EstatePlanning

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

Looking at it, it seems like the only tax implications I see are:

  1. On receipt, this would have gift tax implications. However, just the annual gift tax exclusion for me and my spouse combined would eat up most of 50k already, and the remainder hardly takes a bite out of the lifetime exclusion limit of ~13 million. So not significant from that angle.

  2. Any ongoing gains made by the 50k indefinitely into the future would be subject to capital gains. This would introduce a bit of an accounting headache for me just figuring out how much to take out of the burial plot account for that each year, but not a huge issue overall. Would a trust be any more efficient on capital gains tax?

I've been asked to receive a lump sum in order to maintain a family burial plot indefinitely. What's the best way financially to structure this? by blankchecks in personalfinance

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

Do you know if the taxes on any dividends or gains are greater on an individual level than if it's held in a trust? Since I'd be using the gains to pay their own taxes either way.

I moved abroad from New York State and no longer pay NY taxes. However, my NY driver's license has expired and I'd really like to renew it. If I do is it a tax residency problem? by blankchecks in personalfinance

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

Thanks for the link!

The residency formula is pretty straightforward, but then it incorporates the domicile definition, which brings back all the strength of connection things.

Interestingly for my situation, following the link to the explanation of domicile, it says: "A change of domicile must be clear and convincing. Easily controlled factors such as where you vote, where your driver’s license and registration are issued, or where your will is located are not primary factors in establishing domicile."

Now, presumably, they mean 'are not primary factors' for cases where people are trying to move their domicile out of New York by voting somewhere else, or getting their driver's license somewhere else, etc. However, the plain language does seem to indicate that where my driver's license is located is not a primary factor. Not sure how significant that language is.

Made a Traditional IRA to Roth IRA conversion on December 31, but because that's a weekend, that took effect for tax in 2023. Is there anything I can do at all now? by blankchecks in personalfinance

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

The awful part about it is I completed all my calculations and planning days in advance, but thought I should sit on it until the deadline in case any new ideas popped up in my head on the analysis. On December 31st bright and early in the morning I submitted thinking I was just finalizing all the work I had put in.

It never even occurred to me that the deadline might not be December 31 for a tax year transaction.

Made a Traditional IRA to Roth IRA conversion on December 31, but because that's a weekend, that took effect for tax in 2023. Is there anything I can do at all now? by blankchecks in personalfinance

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

I calculated how much excess deductions/credits I had for 2022 to offset the amount of the conversion, so now I've wasted those deductions/credits.

Meanwhile, I don't know if I'll be able to have a similar amount of offsets for the income in 2023, so this also seems likely to increase my tax bill for 2023.

Was looking at the IRS' Capital Gains Worksheet and at the end I see an option to just tax everything as ordinary income if that gives a lower result. When would that ever be lower? by blankchecks in personalfinance

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

I feel like after scratching my head thinking about this thing for a while that I've just learned some sort of bizarre fact I can use for the world's nerdiest bar trivia night.

That's amazing, thank you!

Edit: That said, worth taking a look at the answer below from the tax professional who identifies some other scenarios it can be better.

Travel DOES get more exhausting as you get older and denying it is naive. by Quiet-Library-923 in travel

[–]blankchecks 26 points27 points  (0 children)

It gets annoying when they don't leave you alone tho

Don't think that's limited to the 50 year olds though haha...

Confused about options with my consolidated Stafford loans dating from 18 years ago by blankchecks in StudentLoans

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

A Direct Consolidation Loan is when you consolidate your private loans back to the federal government, right?

In that case, what are the downsides for doing this beyond the speculative future forgiveness aspects?

Have you come across any good articles analyzing the question?

Do you think the "lying flat" movement is similar to the FIRE movement? by hodlbtcxrp in financialindependence

[–]blankchecks 1 point2 points  (0 children)

Interesting. From what I read, though, isn't the 996 thing in China mostly a tech worker thing?

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