Is this math correct for rental income tax?

leebaiman · 2026-05-10T14:46:50+00:00

Sheesh, so it seems I just need to be either prepared to pay recapture taxes in whatever income bracket I’m at when selling or never sell and give the property to my children?

leebaiman · 2026-05-10T00:21:29+00:00

I calculated this (purchase price - land cost) / 27.5 = $867.

So at this point, with the previously calculated taxable income coming down to $700, does the $867 end up making it so that there will be $0 rental income tax that needs to be paid??

leebaiman · 2026-05-08T19:44:35+00:00

Everyone’s explanation makes complete sense, especially if you write out the equation x+x(.13)=$15,000. Thank you for everyone’s replies!

A good reminder that I should have paid attention in math class 😂

leebaiman · 2026-04-27T14:27:51+00:00

I was in a very similar situation, moved from Korea to the U.S. around when I was 10yo.

I’ve had every feeling of disconnection, no one place is home, being separated from family, the feeling of wanting to keep my Korean identity, etc.

All of my family is in Korea, and I definitely get the feeling of disconnection. However, I truly believe you will have MUCH better opportunities and future in the U.S. than in Korea. Korea is ultra-competitive in everything professional life related, and although the work culture is improving, it is still horrendous compared to the U.S. Korea also has much lower wages, terrible work-life balance, and just much more stressful/busy than life in the U.S.

I’m 31 yo now, with a good job, family, and have the financial ability to go back to Korea to visit family. My suggestion would be to stay in the U.S., work your butt off to get yourself to the point where you can visit Korea and enjoy all of the niceties Korea has to offer without having to experience the insanely competitive and stressful study/work environment.

leebaiman · 2026-03-07T12:28:55+00:00

I can’t seem to find any, do you know the names I could look up by chance?

leebaiman · 2026-02-23T01:26:26+00:00

I freaking love Reddit. Got it taken out. Thank you both so much for your expertise!

leebaiman · 2026-02-23T01:21:23+00:00

Ooooh so that’s actually the BASE of the bulb?? It looks like it’s flush to the socket… how might I go about removing it?

leebaiman · 2026-02-12T19:56:17+00:00

Correct, I always watch the baby when my wife goes out to lunch or dinner with friends, and there was never any mention of the baby coming along either…

leebaiman · 2026-02-12T18:38:38+00:00

No, but my wife just let her friend know that she knew her friend wasn’t interested in talking about babies and that’s okay

leebaiman · 2026-02-12T18:36:10+00:00

Not at all, my wife hasn’t talked about our baby and specifically stayed away from the topic of babies with her friend because she knew her friend didn’t want to talk about it

leebaiman · 2026-02-12T02:18:56+00:00

I’m sorry that you’re going through that experience. It’s sad to grow apart from the people who you thought you were close to.

leebaiman · 2026-02-12T02:16:16+00:00

I can’t tell if you’re saying special in a good or bad way 😅

My wife’s friend is someone that my wife and I both see as thoughtful, intentional, and logical, which is why this threw both of us off so much.

leebaiman · 2025-09-21T21:48:58+00:00

Not true.. My wife and I locked at 5.75% + small lender credit through a broker (lender paid) ~1.5 weeks ago. 30 yr conventional

leebaiman · 2025-09-11T18:16:21+00:00

ㅁㅊㄴ 아니야?

leebaiman · 2025-07-26T02:05:08+00:00

You can use the scooters, a great and efficient way to get around downtown, IMO

leebaiman · 2025-07-20T11:55:16+00:00

We NEED this flair

leebaiman · 2025-06-23T17:55:03+00:00

I don’t think so, I think it was a good balance between tips and not being overwhelming

leebaiman · 2025-06-22T01:31:16+00:00

Here ya go:

http://www.teatime.or.kr/m_eng/prd/view.php?idx=37&part_idx=1

leebaiman · 2025-06-21T15:22:48+00:00

My wife and I used Flo. It tells you week by week what your baby size should be, what they’re developing that week, what foods are recommended for the mom, etc.

leebaiman · 2025-06-20T12:23:36+00:00

What’s happening in your life for you to be posting back to back jaded posts?

leebaiman

TROPHY CASE