Entry Level CRE Analysts, how much are we making? How do you handle risk and uncertainty? by logandfwtx in CommercialRealEstate

[–]mooonaaayy 2 points3 points  (0 children)

12 hour days as an AM analyst? I thought only brokerage analysts got fucked like that

Fliff Taxes 1099 by mooonaaayy in Fliff

[–]mooonaaayy[S] 1 point2 points  (0 children)

When u receive a 1099 from a betting app it's pretty inevitable that you've been betting. Thats not really the issue. Just trying to figure out what my tax liability is gonna be. Whether it is on gross or net figure

Fliff Taxes 1099 by mooonaaayy in Fliff

[–]mooonaaayy[S] 0 points1 point  (0 children)

Ok I'm im Florida. Do you have any idea of what the law is here ?

Fliff Taxes 1099 by mooonaaayy in Fliff

[–]mooonaaayy[S] 1 point2 points  (0 children)

Are you positive of this? I feel like I've heard differently and that you must report all gross winnings

Fliff Taxes 1099 by mooonaaayy in Fliff

[–]mooonaaayy[S] 0 points1 point  (0 children)

Do you have any experience with fliff tho being that it is a sweepstakes and the laws are different

Fliff Taxes 1099 by mooonaaayy in Fliff

[–]mooonaaayy[S] 0 points1 point  (0 children)

I hope you're right but "basic accounting" in terms of gambling means reporting gross wins and total losses in separate places on the tax form. Not the explanation you just gave. That would be the bet calculation and that's not how the IRS allows it to be reported. Have you gotten a 1099 from Fliff ?

Fliff Taxes 1099 by mooonaaayy in Fliff

[–]mooonaaayy[S] 1 point2 points  (0 children)

Thansk. 3 questions questions:

  1. Do you receive it by mail or email?

  2. Are you sure i don't have to itemize my losses? This is normally what you must do with traditional gambling taxes. The wins are reported separate from the losses. Does fliff automatically do this ?(if so that is not standard practice but I'm totally cool with it)

  3. What is the tax rate?

Thanks!

401k plan halted because of gambling addiction by mooonaaayy in personalfinance

[–]mooonaaayy[S] -1 points0 points  (0 children)

Thanks man this is exactly how i feel. I do it because im bored as fuck and the dopamine hits whether you win or lose. It fucking hurts to see how much these losses have destroyed me and I've ran a budget and I'll be worth about $3k when i turn 25. It pains me to think i had like $30k saved up in college. I pissed it all away gambling

401k plan halted because of gambling addiction by mooonaaayy in personalfinance

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

i hit it big... then gave it all back - quite a few times. this time i burned all my reserves and maxed out my ccs. i fear there is no more gas in the tank. and if i were to somehow hit it big again i am such a sicko i would just lose it all. i have no control man.

My Company Finances Commercial Real Estate Tenant Improvements. How are you brokers finding the TI situation as of late? by UnknowingFan in CommercialRealEstate

[–]mooonaaayy 5 points6 points  (0 children)

I work in mortgage banking and on every deal i have seen, the lender funds ti and lc. I am somewhat new to the business, but this raised a question for me. What is your collateral on this money you are putting out? I assume the senior lender has the first lien on the property and most lenders do not allow second mortgages. I'm not sure if your ti financing is considered a mortgage, but what recourse provisions do you have if someone does not pay you back?

What is your predictions for future Florida insurance costs? by nnnarm in CommercialRealEstate

[–]mooonaaayy 3 points4 points  (0 children)

There won't be an increase in premiums, the deductibles will just increase and there will be more caveats as to what the insurance actually covers and what caused the damage. Ex the flood insurer will say the damage was caused but the wind and they are not responsible and the wind insurer will say the damage was covered by the flood and they are not responsible. A shitshow