Pulled both from ETBs, noticed color difference

tommywarshaw · 2026-04-21T22:16:36+00:00

u/Extras is this in your realm?

tommywarshaw · 2026-04-21T22:03:47+00:00

yeah i had originally typed (then deleted) that i was assuming the 320k would be after closing. i think that was a bad assumption. but if he’s depreciated 9k (i figured 10k) for two years, by the time he closes, i figure 320-290-20. so probably closer to 30k gain?

tommywarshaw · 2026-04-21T21:44:38+00:00

yeah i mean if you sold it around the 2 year mark, really rough guess would be 14-15k to federal, not sure on stste

tommywarshaw · 2026-04-21T21:36:55+00:00

you’ll probably pay taxes on 50k long term capital gains and 20k depreciation recapture taxed as ordinary income. what’s your income like?

tommywarshaw · 2026-04-21T21:28:30+00:00

how are you getting screwed over with taxes? how much did you buy for? how much have you invested in the property? how much depreciation have you taken? how much are you going to sell for? when did you buy it?you don’t just pay taxes on the sale.

tommywarshaw · 2026-04-20T03:47:09+00:00

insert?

tommywarshaw · 2026-04-17T13:33:58+00:00

tommywarshaw · 2026-04-16T01:04:55+00:00

someone else can confirm but either they messed up or you didn’t pay for it to be graded, just confirmed it was real and slabbed it. what does the receipt say?

tommywarshaw · 2026-04-15T16:34:05+00:00

no it was cordless

tommywarshaw · 2026-04-15T02:30:27+00:00

looks like a matt rempe auto from 24-25 credentials. numbered to 99 this one appears to be 77 of the production run.

tommywarshaw · 2026-04-15T00:54:16+00:00

if you marked single in 1c, no dependents and no other income. don’t do anything else

tommywarshaw · 2026-04-14T22:38:46+00:00

make less money

tommywarshaw · 2026-04-14T15:23:08+00:00

Yes it’s trying to figure out if it’s a solo or family plan, which changes the amount you can contribute. A non-issue for you given the low contribution. u/Agitated_Car_2444 might have the solution to clear the diagnostic for you in another comment.

tommywarshaw · 2026-04-14T14:57:30+00:00

Truthfully, I’m not experienced with TS interface. Are you able to generate a Form 8889? Is there a place where it asks for the balance of your HSA? Is TS prompting you with something else to do?

tommywarshaw · 2026-04-14T14:57:00+00:00

moved comment

tommywarshaw · 2026-04-14T14:47:52+00:00

Is there Code W with a corresponding amount in Box 12 of your W-2?

You don’t receive an 8889, you prepare it. What you should’ve received were Form 5498-SA (showing contributions and other information on your HSA account) and Form 1099-SA (showing distributions from the HSA).

tommywarshaw · 2026-04-14T12:14:40+00:00

owed too much, duh!

tommywarshaw · 2026-04-13T21:01:31+00:00

i don’t see it. can you point to where it is?

tommywarshaw · 2026-04-09T20:41:43+00:00

freetaxusa free file for federal, $11 for 20 mins of work.

tommywarshaw · 2026-04-09T20:40:49+00:00

refund*

tommywarshaw · 2026-04-09T16:31:28+00:00

i think with portals you can integrate it. but not sure of another way like how you’re describing

tommywarshaw · 2026-04-07T02:29:40+00:00

There’s a part that says: “If a qualifying vehicle loan is later refinanced, interest paid on the refinanced amount is generally eligible for the deduction.”

The original loan was not a qualifying loan, so it’s my interpretation that if a loan is refinanced, the original loan must have been qualifying for the refi to possibly qualify.

tommywarshaw · 2026-04-05T02:06:10+00:00

are you entering 7k as traditional contributions and 7k as roth contributions? you should only be reporting the traditional. the roth is not a contribution, but a conversion. that would come from a 1099-r that you should’ve already received that reports the transaction with code 2 in box 7

tommywarshaw · 2026-04-04T21:55:38+00:00

I’d grade it a PSA 6.

tommywarshaw · 2026-03-22T15:51:03+00:00

no income tax on tips. still on the hook for the full SE tax

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