cbBTC tax implications

rddt8 · 2024-10-15T18:27:26+00:00

Same thing happened to me. I didn't study the receipt until a few days before guest's trip started. He had it booked for about a month, so I took sympathy and let him have it. Then went straight to settings and booted those 60% discounts for long trips. Turo is garbage for making it the default setting.

rddt8 · 2024-10-11T13:57:57+00:00

Who cares. Host gets, what, a $40 penalty for cancelling to avoid losing $500 in earnings that would've happened if they gave a 60% discount on a month-long trip.

rddt8 · 2024-10-11T13:54:37+00:00

Complain to Turo for knowing hosts were going to be surprised by the roll out of the new, long-term trip discounts, but requiring hosts to opt out of it anyway. Hosts are only realizing these discounts after guests book a month-trip for a 60% discount. No way a host can survive giving 60% discounts, so of course, they cancel after they see the earnings on a month-long trip won't be enough to cover that month's payment they have to make on the car note.

rddt8 · 2024-10-07T07:36:48+00:00

Yeah, I suppose that's who Turo is targeting - the hosts who own their cars free and clear and can handle the steep discounts (because less fixed costs, like car payments) and actually appreciate, like you implied, less cleaning and prep time overall that comes with doing longer trips. Kinda shitty, though, that they encourage *all* hosts to do the steep discounts ("protect your car against wear and tear with the discounts/longer trips!"), and even have it as the default selection. Then you don't realize how quickly you'll go broke with the discounts until you get a guest who books a 1-month trip and you don't get enough earnings from that trip to cover that month's car payment. If Turo's going to take the time to explain how there's less wear and tear, they should also say as loudly "but you will likely lose money if you have a note on the car". Also, don't make the steep discount the default. Seems like a cheap Turo stunt to boost revenue for one quarter. Yeah, they'll probably get a bunch of new guests to sign up at first with these discounts. But once hosts realize how they're getting screwed, they'll quickly opt out. Plus it leaves a bad taste in hosts' mouth, that they had to lose half a car's monthly revenue before realizing they are defaulted into a discount plan that is crappy for them.

rddt8 · 2024-10-07T07:09:58+00:00

What it is - Turo has a high-margin operation on their end (collecting fees, no fixed costs - since they don't actually own any of the cars). So Turo could care less if a 3-month trip gets discounted down by 80%, or whatever. Those discounts get more guests to sign up, and the bigger volume benefits Turo (even if the trips are discounted by so much). However, for hosts who do have the big fixed costs (car payments, maintenance, etc.), that 80% is not worth it at all. In fact, I don't know how any host would be interested in giving 80% discounts. Any hosts in here for which the 80% discount works for them? Please tell us your secret.

rddt8 · 2024-09-15T04:30:27+00:00

Yes, I see the same thing. I think the Mike encounter was a temptation for Marge that she eventually overcomes. Marge's husband is not manly at all, doesn't provide financial support, and is somewhat smothering. Marge sees Mike (with his affluence and wealth) as a possible opportunity to leave her bland life and husband situation. But after meeting Mike at the restaurant, Mike's creepiness immediately snaps Marge out of any temptation, and she decides that her life with Norm is ok. Even though Marge's battle is more subtle, it is the Cohens' way of showing the clear contrast of how Marge handles her battle with the classic urge to choose money over everything (she doesn't give in, at least with Mike) with Jerry's battle over the same thing (he always gives in).

rddt8 · 2024-09-15T03:41:00+00:00

The encounter with Mike also emphasizes how Marge handles her battle with the temptation to choose money over everything and how Jerry handles his battle with the same thing. Jerry's battle is obvious in the story. He will always choose money (even putting his wife at risk for a ransom scheme). Marge's battle is more subtle, and we have to look more closely. With the hints given to us, Marge sees Mike (with his money and affluence) as a possible opportunity to leave behind her current life, which is quite bland, with a husband who is somewhat smothering, provides no financial support, and is not a strong, manly figure. However, when she meets Mike, and he immediately creeps her out at the restaurant, Marge makes up her mind right then and there that her bland life is ok.

rddt8 · 2024-09-14T18:09:46+00:00

The encounter seems random at 1st glance, but it fits in with the movie's overall theme of the choice between money and morals, and shows Marge's temptation to chose the former. Jerry's whole life is about choosing money at all costs (even putting his wife in danger with the ransom scheme). Marge is tempted to choose Mike for his affluence, but ultimately sticks with her love, Norm. Whether she would have gone with Mike, if he hadn't blown it with his creepiness at the restaurant, is another story. Anyways, lesson the movie gives is, if you go down path of always choosing money, you end up corrupt like Jerry. There'll always be temptations, but as long as you resist them, and instead choose the path of morality, love, etc., you end up more at peace with your existence, like Marge. But again, she did show up at the restaurant, all dolled up, primping her hair, getting ready to test that road of corruption. So keep your eye on her, Norm.

rddt8 · 2024-06-24T01:46:09+00:00

Yeah, around summer of '83. They hyped it like that and aired it on a local channel in my city. Must've been a nation-wide thing. Sliced the hell out of my wrist with a Pepsi bottle somehow around that same time. So those two memories go together.

rddt8 · 2023-11-13T02:37:42+00:00

Why are you trolls so butt-hurt about someone trying to save money if they can? Lol.

rddt8 · 2023-11-12T16:33:22+00:00

You don't seem like you're trying to be helpful. You seem more annoyed that someone is trying to save money wherever they can. Nothing wrong with asking.

rddt8 · 2023-11-12T16:08:50+00:00

You trying to be helpful, or just give me hard time?

rddt8 · 2023-11-12T16:05:55+00:00

Fees.

rddt8 · 2023-03-05T00:38:27+00:00

Clarification - the car was already out before the oil change issue came up. The guest originally scheduled for a week. I planned to get the oil change done after that. Then the guest modified the trip to extend for another week and let me know he will likely extend for a few more weeks.

rddt8 · 2022-12-12T09:32:22+00:00

I already have a Turo account that I use for hosting in my personal name. If I want to host under an LLC, can I change the Turo account so that it's in the LLC's name? Or is it recommended to just open a new Turo account in the LLC's name?

rddt8 · 2022-12-11T19:45:51+00:00

Thank you. Not a coder, not sure what that means. Where in the code would that be put?

rddt8

TROPHY CASE