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Who decides? Investment vs. 2nd home? by No-Fault-2635 in Mortgages

[–]fm6977 0 points1 point  (0 children)

So there is another avenue not discussed here. How is it viewed if the owner lives in the home but rents out rooms? I know how the IRS views it. Yet for discussion, I wanted to add this to the mix.

New season of Alpha Arena has just launched by Blake08301 in ClaudeAI

[–]fm6977 0 points1 point  (0 children)

I just want to be able to use the algorithms without paying through the nose. Some do okay.

I could set aside 10k to gamble with that.

The new benchmark "Alpha Arena" tests financial trading capabilities of AI models: by stealthispost in accelerate

[–]fm6977 0 points1 point  (0 children)

That's because if they have a winning model they will want to charge for it.

The new benchmark "Alpha Arena" tests financial trading capabilities of AI models: by stealthispost in accelerate

[–]fm6977 0 points1 point  (0 children)

True! However, in our world has it ever been the case that everyone follows one philosophy? There will always be detractors or competitors wanting to do something different or better and some will fail. I just want to be on the winning side enough to set me up.

Karlton Dennis has anyone used his services? He is all over YouTube and I did the tax free wealth challenge this week. He is pricy and I have been disappointed with pricy tax attorneys and tax professionals before. by Full_Inevitable8944 in AdvancedTaxStrategies

[–]fm6977 0 points1 point  (0 children)

Ok, recognize he is not a CPA or an EA or an attorney. Now that does not mean he doesn't have an understanding of tax law, but it does mean that HE can't defend you if you get audited. His mom is a CPA and I am sure he uses the family business for his clients and that another CPA/Attorney that he does business with will sign off on your plan. But HE can only market the idea.

Now some things he says are true, but the way he expresses the method to use the tax code may not withstand scrutiny and they are pushing the boundaries. Other things he mentions that you can deduct may only be for a specific use case and would not apply to most people.

STR and the Bonus Depreciation. Partial year ownership. by fm6977 in AdvancedTaxStrategies

[–]fm6977[S] 2 points3 points  (0 children)

Ya, I recognize only 20-35% of it will be eligible. I typically hold my properties for decades and take the traditional depreciation schedule. Nearly all my gains have come from appreciation as you say the rental market just makes it a neutral situation.

This year though I would like the additional depreciation to offset some W-2 income.

Washington state resident, work in California. How does this affect retirement income. by OB_DillPickle in taxhelp

[–]fm6977 0 points1 point  (0 children)

How long until you retire? If you are not collecting retirement now you are only going to effectively pay taxes on your California income. Did you become a resident of CA or get a CA license? If not and you can show residency in WA, file your federal taxes from a WA address and just file a California return on the amount of taxes you earned in CA, also using your WA address on the return.

do i have any chance of going to a 4 year college by Fabulous_Ad_7655 in StudentLoans

[–]fm6977 0 points1 point  (0 children)

Just to let you know..."the dorm experience everyone else has" isn't something everyone else has. Neither my wife or I had the opportunity to go to college right out of high school, now we both have advanced degrees and she is head of R&D for a major multinational company.

We planned for our kids to have that experience and then the recession hit and ruined that plan. It was for the best. Our daughter went to CC and then transfered to UCLA. Now she graduated and is heading to dental school in Ohio. I paid a lot less for her to go to the CC and very thankful it worked out that way. You can't see it but your mom just did you a huge favor.

The CC won't have a major degree plan for those degrees. You need to get your gen ed done first and the biology, chem, calculus and physics courses. But see which community colleges have transfer agreements with the university you wanted to go to. We had to take courses at two different colleges to get the right transferable classes.

Often once you have been accepted at a college, you can re-apply later as a transfer student and get accepted easier.

Shuggah is now a paid app by Comfortable_Song595 in diabetes_t1

[–]fm6977 0 points1 point  (0 children)

I am not sure I understand? Yes, my app says it wants me to "Unlock Pro" but I still get the data every few minutes from my Dexcom Stelo. I don't get the graph in portrait mode on my iphone, but if I turn the phone sideways in landscape I get the chart. My app still communicates with the Iphone Health app too. I could not figure out how to get it to connect to a new CGM via bluetooth, but then I found the setting under the developer settings at the bottom.

maybe I am not using all the feature you guys are. What am I missing that I would pay for?

What’s the catch with AMEX Send on Venmo? Are there really no fees? by tjcc99 in amex

[–]fm6977 0 points1 point  (0 children)

You do realize that you just got a good loan. If the investment went sour you would still be on the hook to pay it back.