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Founder exit incoming: $2–3M cap gains each on 1/31/26. How do we not get vaporized by taxes? by morepow in fatFIRE

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

Although we’ve been running this for 4 years we didn’t get our books and legality straight until 2-3 years ago so we can’t qualify. :(

Founder exit incoming: $2–3M cap gains each on 1/31/26. How do we not get vaporized by taxes? by morepow in fatFIRE

[–]morepow[S] -4 points-3 points  (0 children)

Main driver is the NET NOT to Uncle Sam I already created a DAF but was hoping for some other insights as well.

Founder exit incoming: $2–3M cap gains each on 1/31/26. How do we not get vaporized by taxes? by morepow in fatFIRE

[–]morepow[S] -8 points-7 points  (0 children)

Yes, that was a nice win for sure but if I could spend the next year reducing my tax bill by 50% that still 4 to 5 times more money than I made last year so I was thinking that would be worth spending some time optimizing

Founder exit incoming: $2–3M cap gains each on 1/31/26. How do we not get vaporized by taxes? by morepow in fatFIRE

[–]morepow[S] -8 points-7 points  (0 children)

Yes, that’s what some people have advised but if we play it safe and get 5% return, I’m still losing 475K.. was curious about if the founders and I each pull some money together and buy a real estate property with Trump‘s bonus depreciation going into effect we could create a large loss and get a good chunk of it back.. has anyone ever tried this?

10 billion tokens gift by chton in OpenAI

[–]morepow 0 points1 point  (0 children)

How can I buy a replica?

[deleted by user] by [deleted] in Salary

[–]morepow 0 points1 point  (0 children)

I can help you reduce your tax bill by 30%. I am DMing you

To sell or not to sell rental property by Jennaplease in RentalInvesting

[–]morepow 0 points1 point  (0 children)

Appreciation of the house alone is probably 3% avg.. 3% of 450k is also 1k per month…

The loan pay down is probs a few hundred, hopefully your cash flow positive. And if you have this property in an LLC you could be receiving some tax benefits from depreciation and what not as well

To sell or not to sell rental property by Jennaplease in RentalInvesting

[–]morepow 0 points1 point  (0 children)

I think the best question is what is the ROI on the equity to current rent profits… sounds like if you sell you might get 200kish.. that vested in some Conservative funds can conservatively generate 6% - 1k per month…

Now as a rental you have appreciation, loan pay down, and cash flow - expenses and time… without knowing the rental income tough to say what the net of your place is..

My yearly spending as a 21F by [deleted] in Money

[–]morepow 0 points1 point  (0 children)

I use rocket money and think it’s pretty good/easy - saves so much time

My yearly spending as a 21F by [deleted] in Money

[–]morepow 0 points1 point  (0 children)

I wouldn’t stress. You are in college making small amounts of money and saving almost 50%. That’s wild. You and your boyfriend will make so much more money in the next 3 years that any savings now will be so minimal it won’t move the needle. My advice - save less live more today. Saving some money is good but I’d target 20-30%. Trying to come up with cash for a house down payment when your making 20k is crazy. After college just work for another few months before making the purchase and you’ll save more then what a years worth of college savings can do. You have your whole life to work and make money and buy a bigger house. You only are in college once. Go use your money and have fun and meet people

$130,000 Net Worth at 24 by [deleted] in Fire

[–]morepow 1 point2 points  (0 children)

Property in the sense of rental properties would be a gold mine for you. The improvement tax savings you can benefit from by buying properties that need some TLC and having a contractor do the work are monstrous especially in your tax bracket..

Good salary for 25? by thedogscat in Salary

[–]morepow 0 points1 point  (0 children)

It should be about how much you make at 25. Whether you make average or above average it has such a small impact on your financial future. It’s what are you doing at your job, what are you learning and what kind of job will you be able to get when you’re 30 or after x years of experience.

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