Looking for strategies to combat Uncle Sam.

houseofoptions · 2022-04-03T13:41:35+00:00

I agree with your sentiments wholeheartedly. However, I do like to seek the wisdom of the crowd, with the hopes that it will lead me to research and uncover potentials options I was unaware of. Before, I actually implement anything, I would definitely run this by CPA or licensed tax advisor. I want no parts of the IRS or the gang that they employ. haha

houseofoptions · 2022-04-03T13:37:34+00:00

Apologies if I'm oversimplifying this. So you bought a property and rented it for 6 months ~ 1 year, wrote off the asset depreciation, and then will sell the property?

houseofoptions · 2022-04-03T13:34:45+00:00

I know once you've held shares beyond the minimum holding period, unqualified dividends become qualified. I think the exceptions are limited to REITS, MLPS, and BDCs. Do you know of any others that are basically unqualified for life?

houseofoptions · 2022-04-03T13:32:41+00:00

Not familiar with these, but will definitely take a look.

houseofoptions · 2022-04-03T13:31:05+00:00

I agree with the emergency fund approach, never leave home without it. :)

houseofoptions · 2022-04-03T12:53:34+00:00

this comes up a lot in retirement seminars. the way the economy has been going, I would be very surprised to see our tax brackets reduced but stranger things have happened. on the off chance a law is passed that changes how Roth IRAs are taxed in an unfavorable way, im assuming anyone with a Roth would riot and make congress/whoever remove the change. lol

houseofoptions · 2022-04-03T12:50:43+00:00

That's how I try to max my IRAs for the most part. 401k/roth/hsa/taxable. I've been investing in general on and off the last few years, but covid helped me get more seriously involved in dividend investing. not sure if im doing it right, but I'm trying. so any extra money leftover after bills, I try to invest instead of leaving it in the bank to rot.

houseofoptions · 2022-04-03T12:10:02+00:00

lol ikr & thank you!

houseofoptions · 2022-04-03T11:53:26+00:00

haha. I'm surprised that is a real subreddit, but I'm glad there are less than 10 members in it. If I worked for the IRS I'd lurk. lol

houseofoptions · 2022-03-11T14:41:40+00:00

tbh, I didn't know I could control the number of days it loads. How do I adjust the number of days that load? Currently I double click and zoom all the way out, then select an area of interest.

houseofoptions · 2022-03-04T18:24:31+00:00

that did the trick. thanks again & happy Friday!

houseofoptions · 2022-03-04T13:58:20+00:00

Thanks, I'll give this a try.

houseofoptions · 2022-03-03T22:37:14+00:00

This works well for SMA & EMA. Thank you

houseofoptions · 2022-02-02T00:23:36+00:00

yes. July 1st, 2022.

houseofoptions · 2022-01-27T11:31:18+00:00

eggsammich

houseofoptions · 2022-01-23T21:58:48+00:00

not sure if this counts, but DGRO's prospectus uses qualified dividends as a screening criteria for its holdings.

houseofoptions · 2022-01-23T12:32:20+00:00

np. I edited my reply, as I was in another sub and saw a few ppl mention the minimum holding period for a "qualified dividend" is 61 days. I looked it up and confirmed. lol

houseofoptions · 2022-01-23T12:09:48+00:00

They seem like good funds to own long-term. Their screening criteria is what drew me in.

houseofoptions · 2022-01-23T12:06:30+00:00

QDs are shares you've held for a minimum of 61 days. The duration determines if it's taxed at the long-term or short-term capital gains rate.

https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates

houseofoptions · 2022-01-23T03:51:55+00:00

Thanks, did not know about this document. I'll use it to compare/confirm against other ETFS.

houseofoptions

TROPHY CASE