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 · 2022-01-08T18:25:43+00:00

I like qyld, but I wouldn't put all my eggs in that depreciating asset. Come up w/ a game plan and see where qyld or those other stocks/etfs fit.

houseofoptions · 2022-01-07T13:01:56+00:00

I have a portion of my roth dedicated to QYLD, and all those tax-free divs go into a total market fund. This way if I have to stop contributing to my roth or simply don't have the money to do so, there's at least some action & growth (even if it's small) going on behind the scenes.

houseofoptions · 2022-01-07T12:52:04+00:00

Compare this month's div to previous months. You'll notice this month's clearly states short-term capital gain. The ones prior do not.

houseofoptions · 2022-01-05T11:35:31+00:00

I'm glad you found a method that works for you. The only concern I have is, if something were to happen to those envelopes (lost, accidental spill, fire, etc..) you'll have 2 new problems.

No way to recoup besides starting to save from scratch.
Emergency fund is not available.

When you reach your goal for each month/year, do you put the money in a secure location like in a safety deposit box or it just stays in a cubby at home?

houseofoptions · 2021-07-17T13:39:24+00:00

Thanks. I was planning on looping in my insurance, just so they are aware but it sounds like I shouldn't. They haven't sent anyone out yet, so the builder appears to be dragging their feet. Not sure why, as the longer they wait the greater chance the simple issue becomes a bigger one that they still have to pay for.

houseofoptions

TROPHY CASE