I bought a new rental property last year (new build) and the cost basis as defined by the IRS is like half of what the purchase price is when you factor in the split between land and improvements. My understanding is this is used in the calculation of the profit to determine capital gains when it is sold? That would be a crazy number though, and much more capital gains tax 😳 am I understanding this correctly? Those of you that have sold a property, how is the profit calculated?

When a private equity firm invests in your company, they do expect to exit their investment within the next five to seven years.

These paychecks aren't cutting it. Side hustle ideas?

Buying a condo with an HOA - what’s the average reserve % you’ve seen? My HOA is 23% funded, and recently raised dues.

Realized my savings account interest rate is now higher than my mortgage rate. No way I pay that off early. Eat your heart out Dave.

What are ways I can spend my $200 airline credit for the Amex platinum ? I saw upgrades don’t count and I have status so already get free baggage, lounge etc.

Angel investors : What returns do you expect when investing? Also what’s your range of investment?

Can I move to Florida the month my bonus hits and not pay any NY State tax on it? Or would I just declare that 1/12 of the year I was in Florida and get the pro-rated refund from NYS on my overall Pay

Does anyone think there is long-term viability in Cryptos?

Pro tip: live close to poorer people to feel rich. The feelings of wealth are extremely subjective and is mainly based on comparison

When the senior manager expects you to create estimated tax payments out of thin air because the client refuses to pay safe harbor.

Shoulda just sold my stocks to pay my taxes instead of holding and using cash 😂🥲. Same result - except now I have to hold longer

Are remittances / gift sent from US to India (from post tax money) considered for any tax breaks or deductibles in the US?

Need advice. Have some credit card debt that I’ve been working to pay off. Have made progress but want to lower it quickly. We have dual income, with a house (~$300k in equity), 1 kid and 1 on the way. I’ve looked into debt consolidation via HELOC but also have ~$80k in vested equity in my company that I haven’t touched. Get equity refreshes every year. Would it be smarter to cash out $15k-$20k of that to pay debt vs. a HELOC at ~5% given that will still require mthly payments

How much do you keep as an emergency fund? How big is your household?

Is anyone nervous about the whole Russia situation and how that may affect the market if an actual invasion takes place? Do you think it makes sense to take out investments just until things settle down, or even assuming the fed will increase interest rates? Thoughts?

How much do you have in savings (cash, 401k, etc.)? And how old are you?

Looking into credit card, most likely between emirates nbd Bonvoy card or the Emirates offering. Anything better out there? What has been your experience. My understanding is you can convert the emirates points to Bonvoy? Not sure if the same works Bonvoy —> emirates.

Pre-tax 401(k) or after-tax...thoughts?

Hi,

Kindly ping me if you need any help for filling up the ITR. I will help you to get maximum return.

Charges applicable.

Thank you

I am defending an eviction for a client who has given possession of the property (as of Nov. 30). Plaintiff’s complaint has one claim – possession. They did request relief for attorney’s fees. NJT/Final Hearing commenced 10/27, was only 30 min and was therefore continued to 12/20. Plaintiff had counsel at that time but they are no longer represented.  I want to file something notifying Court that Plaintiff claim is now moot, making sure that judgment is not entered that hurts (cont'd)..

Does buyer have to share appraisal with seller? Can seller request it?

Posted in the advertising job board and posting here as well! We have a few open analytics positions across multiple teams for an IPG agency in New York. Can be remote for now. Shoot me a DM if you’re interested!

Hi Fishes,

I have an experience in 2.8 years and looking job for service now, sql , plsql.

Hi
I will be joining cisco bangalore soon
Can anyone share with me the holiday list for oct 2022
I need it to plan my travel
Just need to know if there's diwali holiday or not

Thanks

Any recommendations for women’s watches? Looking to spend $800-$1000

Have been looking for accounting advisory jobs and can’t seem to find any. Are firms hiring again?

I was told by my manager that I’ll be getting a promotion and a comp raise about a month and a half ago. It hasn’t happened yet and he keeps saying HR is slow to respond. Is there anything that can be done or do I just keep waiting around?

When I was a device driver developer with 2 years relevant experience I had got calls from Nvidia and Qualcomm. Unfortunately I wasn't able to crack the interviews back then.

For next 5 years I worked mostly on application development and broadening my exposure. I am not getting even a single call from such companies now.

Is it a good idea to rebrand myself as a device driver developer so that I can get calls again?

Any good reformed churches in the Toronto area? Happy Sunday everyone.

Any working mothers in here who loves the company they’re working for? I am thinking about switching firms and need some honest thoughts on companies that doesn’t only say, but actually practice flexibility for work life balance and offers good $$$.

I am a high performer at my current firm but they started questioning working arrangements of folks based on the new members who are huge in-office folks, fast turnover within the team, etc. This wasn’t an issue when I first joined.

Any nurses here not have hospital experience? I work as a community nurse and have previous experience in an assisted living and clinic. I don’t have much interest in going to the hospital. Been a nurse for about 9 years. Started out as LPN and now I have small children and enjoy my flexibility. Any regrets for those that never did the hospital ?

I’m sensing real Instagram burnout from friends and colleagues. Is IG a bubble that bursts? Or does the audience (user) demo just change like FB in ‘09 or so?

What's your favorite example of a product that you don't understand how they even pitched it to the CEO? My current favorite is this bottle of water that says "lo cal." Hahaha

Layoffs at Omnicom shops today?

Have an offer in hand for PEPI, what is a realistic bonus range for SA? and how many hours would you say you work on average?

Redeemed my recognition points for a portable air conditioner. Hope it's effective!

This is the thread to boast about a creative deal that you made by using leverage and/or collateral.

Fishes! what are the best grounds to dispute my property tax valuation? What support should I have?

UK - thinking of a buy to let in either Birmingham, Liverpool, Manchester - any recommendations on either /areas where you can get something under £140k.

My realtor looked at a unit for me, and shared the video w me. I’m interested. The unit is on MLS. Then he posted on his IG story seeking buyer. I’m kinda annoyed because now I may have competitions since he is my realtor OR should I be ok for him to do that since it’s equal playing field on MLS?

How much should I invest in buying a HOME as my primary residence.

Current TC: 200k
Net worth: 300k, readily available 170k in stocks, hysa and cash
Current rent: 2000 per month
Age: 30

Wonder if anyone has any excel model or a rule to determine how much I can afford or should go for?

What price per sq foot to investors start buying in the north ATX home? My home is on the market and not moving. Trying to understand at what price point does it become attractive to investors

Good evening all,
With my partner we are considering making a move to the countryside of Switzerland, with a gorgeous RE project offering incredible views on immaculate mountains and lake. However, it is far away, and will require 1h+ train/car commute vs. 10 min biking right now. We are scared it will bite us back at some point, although COVID helped w/ remote working being a new norm. The project will be done 2024, so I hope to have a more relax job by then. Any similar experience to share?

Having trouble selling my (retired) dad's house. It needs a lot of work, but has great character. What if I buy it myself for a low, low price? Then I would be able to get a FHA 203k loan to do the updates. Rent it out or put it back on the market in the spring.

Interested in starting AirBnB in SoCal.
1. Where do I start for gaining how to knowledge.
2. What’s are the best areas to buy the property for best cash flow and appreciation down the line.

Quoted a 30 year mortgage, 5% down for a ~600k home for 4% interest no points.

Profile: 250k salary, 800 credit score

Is this any good??

How do I classify my property for tax purposes if I received rental income for exactly 15 days this whole year? Primary?

If u have a house under my name if i move it to an llc what happens? Do i refinance to prevent a due on sale clause?

For any of you real estate investors, what tools or sources did you learn from when getting started. Can’t find a mentor currently so want to find some highly recommended books or videos. If focused on the tri-state area (NY, NJ, Long Island mainly) that would be even better. My hope is to buy and rent out a apartment while also owning a house and house hacking that by renting part of it out. Trying to understand all the steps, traps, and how to find if it’s a good investment.

What are the mortgage rates you guys are getting? Best I’ve heard is 2.5% (30year fixed) curious if anyone has heard better?

About to get a home improvement loan. Any recommendations for a lender? Also looking for general advice. TIA!

Hi all, I’m in the north east metro area and due to the current RE market we decided to look into PA specifically Lancaster. Anyone in this market and have any thoughts on where it’s headed? We’re looking purchasing a single family property all cash at 110k that rents for $1100 a month. The last owner bought for 35k like 15 years ago 😩 but hoping buying and holding for a few years will give a equal or greater returns over the long run.

Does anyone have experience managing an out of state property yourself? Are there any tips/services you use?

My partner and I close on our house this Friday at 9am and I’m just so happy. I’m a public interest attorney and we worked really hard to save. This was after 10 offers. Just wanted to share 🥹