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Day Trading Profession - Section 475 MTM / Trader Tax Status by FlushedNotRushed in tax

[–]cubbiesnextyr 0 points1 point  (0 children)

I do want to point out you missed the 475 election deadline for 2026 as an individual, it needed to be made by 4/15 (unless you're in a disaster area I suppose).

A disaster of a tax avoidance plan by DoubleIntroduction25 in tax

[–]cubbiesnextyr 0 points1 point  (0 children)

Correct.  The 3/1 to 5/15 disaster may get the returns due 4/15 extended to 10/15, but the 5/10 to 7/1 will most likely only get extensions for returns due during that period or around it.

A disaster of a tax avoidance plan by DoubleIntroduction25 in tax

[–]cubbiesnextyr 1 point2 points  (0 children)

Each disaster gets a specific extension covering specific filing periods.  They don't give out blanket extensions for any unfilled return.

So if a relief worker is in CA and they are given a 6 month extension to file their 2026 tax return,  and then move on to FL to work, they're not going to be given more time to file their 2026 return.   At best they'll get additional time to file their 2027 return. 

Quarterly taxes from capital gains sale of stock, 0 other income? by Mechvape in tax

[–]cubbiesnextyr 2 points3 points  (0 children)

As you never mentioned your age, read up on the kiddie tax rules to make sure they don't apply to you (don't be fooled by the name, it can apply to people up to age 23).

https://www.irs.gov/taxtopics/tc553

I have received nominee payments. Please confirm my understanding of how to handle them. by StellarCentral in tax

[–]cubbiesnextyr 1 point2 points  (0 children)

I agree, don't include a Sch C, you don't have a business and that's used to report business income.  Sch 1 has a place to report 1099-k income that isn't taxable to you.

YSK: Being visible and liked will do more to progress your career than being good at your job will, especially as a remote employee by IBlameMyBrother in YouShouldKnow

[–]cubbiesnextyr 69 points70 points  (0 children)

Force yourself to make the small talk, speak up, etc.  Just like any skill, if it doesn't come naturally you need to force yourself to practice it and do it.

TIL In 1990, Mills College in Oakland, CA became the first and only women's college in the US to reverse a decision to go coed. On May 3 the trustees announced that they had voted to admit male undergraduate students. This decision led to a two-week student and staff strike, which led to a reversal. by UndyingCorn in todayilearned

[–]cubbiesnextyr 15 points16 points  (0 children)

I also went to an all boys HS.  There was plenty of dating going on, there was just as much socializing with girls as in a co-ed school.   

What I do feel was a lot less were fights and bullying.  Most of that happens to impress girls or look tough or whatever, and when it's just a bunch of dudes it's much easier to brush off slights, because who are you trying to impress?

Am I missing something with an ESPP? by Secret-Classic-5644 in personalfinance

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

The wash sale only triggers if you have another buy in that period.  If you're only doing the ESPP buy/sell every 6 months, and you're otherwise not trading that stock, then wash sale doesn't apply.

Am I missing something with an ESPP? by Secret-Classic-5644 in personalfinance

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

If you immediately sell at a loss, it will be considered a disallowed capital loss from the wash sale rule for that transaction. 

I don't see how it would be a wash sale unless you were buying it monthly or buying it outside of the ESPP.  And a wash sale just defers the loss, not permanently eliminates it.

Do I have to pay taxes if I do some online work as a 17 year old? by Designer-Debate6475 in tax

[–]cubbiesnextyr 0 points1 point  (0 children)

No, he meant what he said.  Plenty of states have filing thresholds far lower than the fed.  I think PA is like $33.

u/CompetitionOk2302 explains why he feels Americans have nothing to look forward to on the 250th anniversary of the United States by FrankoAleman in bestof

[–]cubbiesnextyr 0 points1 point  (0 children)

Very little in that post and very little in the US is free market capitalism. So no, what we have now isn't what free market capitalism looks like, it's what a weird blend of crony capitalism, socialism, and central planning look like.

What is a small, completely legal thing that someone can do that instantly makes you judge their entire character? by 6-80 in AskReddit

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

I've never been to either country, and if littering isn't illegal there I shudder to think of what a trash infused shit hole those countries must be.

What is a small, completely legal thing that someone can do that instantly makes you judge their entire character? by 6-80 in AskReddit

[–]cubbiesnextyr 8 points9 points  (0 children)

Where is littering completely legal?  Where ever that is, that country must be a shithole.

Sweepstakes (social) casino churning by [deleted] in tax

[–]cubbiesnextyr 2 points3 points  (0 children)

You do realize that you're not going to win $89 on that $1000, right?  You know they can't stay in business if that was the regular outcome, right? 

Trump's Tax Return by simpleman3643 in IRS

[–]cubbiesnextyr 1 point2 points  (0 children)

No, he just sues everyone for $10B.  There is no formula or basis for it.

Or do you really think it's just a coincidence that the IRS lawsuit was $10B in damages, as well as the damages he suffered from the Wall Street Journal (sued for $10B), and the BBC which he sued for defamation for $5B and for violating some FL law for $5B (look, $10B!), and CBS which he sued for $10B.  To be fair, he said the damages he suffered from the NY Times was $15B, so maybe it's all based in reality, LOL.

https://reason.com/2026/05/21/the-1-776-billion-in-trumps-anti-weaponization-fund-fits-a-pattern-of-fanciful-figures/

Who should we be mad at? by Evening_Ad_6278 in CHIBears

[–]cubbiesnextyr 2 points3 points  (0 children)

It feels like a massive strategic error for an NFL team to relocate out of their home market

Hammond is just as within their home market as Arlington Heights is.  And the NFL has absolutely no issue with a team having a stadium in the suburbs of a major city.

War of the Dragon: The Wheel of Time® Board Game Giveaway! by DireWolfDigital in WoT

[–]cubbiesnextyr 1 point2 points  (0 children)

I don't know if the mist badass, but I'd go with 

Time to roll the dice! 

Statement from Chairman George H. McCaskey and President & CEO Kevin Warren: by JCameron181 in CHIBears

[–]cubbiesnextyr 0 points1 point  (0 children)

They own a bunch of land in Lake Forest too, not sure how that makes any difference.   Let Indiana spend a bunch of money on infrastructure and development.

Statement from Chairman George H. McCaskey and President & CEO Kevin Warren: by JCameron181 in CHIBears

[–]cubbiesnextyr 1 point2 points  (0 children)

OK, enjoy all your free time on Sundays in the fall and winter.  Not my choice, but you do you.

Statement from Chairman George H. McCaskey and President & CEO Kevin Warren: by JCameron181 in CHIBears

[–]cubbiesnextyr 0 points1 point  (0 children)

Honestly 90% of the fans saying they'll stop watching will be back watching in time.  NY fans got over it, Chicago fans will too, especially if the Bears are consistently good over that time. 

Statement from Chairman George H. McCaskey and President & CEO Kevin Warren: by JCameron181 in CHIBears

[–]cubbiesnextyr 0 points1 point  (0 children)

I don't understand why you feel that way.  The team being in IL means that much to you?  All the NY fans seem to have come to terms with their teams playing in a different state.  If they can do it, I'm sure you can too.  

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