Search found 135 matches

by Loon11
Tue Apr 14, 2015 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Help with Landlord Insurance for NC investment property
Replies: 2
Views: 331

Re: Help with Landlord Insurance for NC investment property

Thanks pshonore! Perfect information. I will keep my DP3.
by Loon11
Mon Apr 13, 2015 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Landlord Insurance for NC investment property
Replies: 2
Views: 331

Help with Landlord Insurance for NC investment property

Hello Bogleheads. Hoping for your expert help once again. I am about to pay for a fire policy for a NC coastal home we own. We already have to pay $1503 to the NC state fund to cover hurricane, $500 for flood and now another $1026 for fire insurance (does not include contents since these belong to t...
by Loon11
Wed Feb 25, 2015 9:35 pm
Forum: Personal Consumer Issues
Topic: how best to supplement heat with heat pump
Replies: 49
Views: 3011

Re: how best to supplement heat with heat pump

tadamsmar - good point about the filters. He just bought 3 new ones and I had given them some this summer. I hope he didn't burn out the aux although I suppose that may be possible. He sent me the receipt for the filters and I reimbursed him so I assume he changed it. Will check on that
by Loon11
Wed Feb 25, 2015 9:27 pm
Forum: Personal Consumer Issues
Topic: how best to supplement heat with heat pump
Replies: 49
Views: 3011

Re: how best to supplement heat with heat pump

I called the HVAC guy and he was going to try to come and test it but he didn't make it (he's slammed due to this cold snap). But he confirmed that the tenant should NOT be switching emergency heat on and off. He also told me we could retrofit the heat pump with more heat strips but he put in 5KW wh...
by Loon11
Sun Feb 22, 2015 11:25 pm
Forum: Personal Consumer Issues
Topic: how best to supplement heat with heat pump
Replies: 49
Views: 3011

Re: how best to supplement heat with heat pump

just heard back from the tenant who told the following was the history of what happened. So I have told him to not turn on Em heat and I believe the aux should be automatic. I am calling the HVAC guy tomorrow but I am wondering why the emergency heat failed (he said he had it on emergency and woke u...
by Loon11
Sun Feb 22, 2015 2:37 pm
Forum: Personal Consumer Issues
Topic: how best to supplement heat with heat pump
Replies: 49
Views: 3011

Re: how best to supplement heat with heat pump

Thanks wageoghe, for your thoughtful post. Yes, I probably do need more insulation. We had the duplex renovated 18 months ago and are finding lots of things that weren't done right. While the windows were replaced, the contractor apparently didnt insulate well in the crawl space - in fact, this past...
by Loon11
Sun Feb 22, 2015 2:21 pm
Forum: Personal Consumer Issues
Topic: how best to supplement heat with heat pump
Replies: 49
Views: 3011

Re: how best to supplement heat with heat pump

Drawpoker: would love to know how the heatpump was retrofitted for gas hybrid. I do have natural gas to the duplex but cut off by the city; the gas meters are still back there but locked. Last year I believe I called around and found that a hybrid system is very expensive, maybe they are less so now...
by Loon11
Sun Feb 22, 2015 11:29 am
Forum: Personal Consumer Issues
Topic: how best to supplement heat with heat pump
Replies: 49
Views: 3011

how best to supplement heat with heat pump

I always use this forum for research and appreciate all the expert advise from everyone. My latest question concerns my rental duplex which we renovated 2 yrs ago, taking out the old gas radiators and converting to heat pump duct heat. This winter has been brutal, even in Richmond Virginia and the h...
by Loon11
Sat Feb 21, 2015 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: has DFAS reported Fed Income to SSA for 2014?
Replies: 4
Views: 524

Re: has DFAS reported Fed Income to SSA for 2014?

makes perfect sense! Thanks Spectec
by Loon11
Fri Feb 20, 2015 9:31 am
Forum: Personal Finance (Not Investing)
Topic: has DFAS reported Fed Income to SSA for 2014?
Replies: 4
Views: 524

Re: has DFAS reported Fed Income to SSA for 2014?

Thanks Beth. I'm sure you're right.
by Loon11
Thu Feb 19, 2015 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: has DFAS reported Fed Income to SSA for 2014?
Replies: 4
Views: 524

has DFAS reported Fed Income to SSA for 2014?

I'm a fed employee and checked my SSA earnings last nite and the 2014 fed salary has not been posted. I have a parttime job elsewhere at another hospital which was posted. I called my HR and they had no idea but figured it probably hasn't been sent in to SSA yet. I tried calling DFAS but that was ve...
by Loon11
Sat Oct 18, 2014 10:16 pm
Forum: Personal Consumer Issues
Topic: Anyone cancelling travel plans?
Replies: 117
Views: 7175

Re: Anyone cancelling travel plans?

Right countofmc - how to tell if someone has norovirus vs ebola? I'm sure Cozumel would say "no" to docking if anyone on board was vomiting - might result in 21 day quarantine in small cabin. I love the "bring your own serving spoon" suggestion - great idea. If we go, sure will d...
by Loon11
Sat Oct 18, 2014 1:00 pm
Forum: Personal Consumer Issues
Topic: Anyone cancelling travel plans?
Replies: 117
Views: 7175

Re: Anyone cancelling travel plans?

Thanks everyone! we are going to pick up a supply of wipes, hand sanitizer, and limit bathroom use to our cabin for starters.
And...if the bottom falls out between now and Nov. 29, we will stay home.
by Loon11
Sat Oct 18, 2014 10:11 am
Forum: Personal Consumer Issues
Topic: Anyone cancelling travel plans?
Replies: 117
Views: 7175

Anyone cancelling travel plans?

We are booked for a cruise Nov. 29 and frankly, we are wondering if its a good idea to be on a cruise ship with the current epidemic scare. We realize its a tiny probability, but still....being in a closed ship with several thousand strangers not knowing if there is a lurking contagion. Are we being...
by Loon11
Sun Aug 03, 2014 9:47 pm
Forum: Personal Consumer Issues
Topic: propane prices super-low
Replies: 5
Views: 786

Re: propane prices super-low

just paid 3.19 in central virginia. had to use the vendor owning the tank. had called around - 2.89 was best price.
by Loon11
Mon Mar 24, 2014 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Help on new IRS guidelines on Repair for Rental
Replies: 0
Views: 202

Help on new IRS guidelines on Repair for Rental

I just finished my taxes but have not submitted. I am worried after reading about the new 2013 regs for repairs. we did a huge renovation of a duplex in 2013 and will end up with a big refund for the first time in many years. This is due to the 50% bonus depreciation for the new applicances, shed, f...
by Loon11
Mon Mar 24, 2014 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Do you work part time in retirement?
Replies: 59
Views: 4755

Re: Do you work part time in retirement?

starting parttime this week from full time. Want to tiptoe into retirement, don't think I can handle the huge change from working since age 17 to not going in somewhere. So about 20-24 hrs a week. wont' take out SS or my Fed Pension for a couple of years when I reach FRA 66. Not sure how this will b...
by Loon11
Wed Jan 22, 2014 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting 1099-Misc for IC payments
Replies: 5
Views: 392

Re: Reporting 1099-Misc for IC payments

really looks like the efile web site will be easy - will end up costing me $8.00 but sounds like its worth it. since it has to be the original form, only way I could do it would be to hand write it and I'm hesitant to do that. Thanks for this - believe it will save some headache. Also, I don't see w...
by Loon11
Wed Jan 22, 2014 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting 1099-Misc for IC payments
Replies: 5
Views: 392

Re: Reporting 1099-Misc for IC payments

Thanks for the link PaddyMac - will check it out. I had called and received the forms from the IRS which I will probably use, but by hand. If the website makes it easier, will definitely use.
by Loon11
Wed Jan 22, 2014 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting 1099-Misc for IC payments
Replies: 5
Views: 392

Re: Reporting 1099-Misc for IC payments

Thanks - I was afraid that was the answer. I hope not doing one last year doesn't cause any problems for me. The joys of owning rental property!!
by Loon11
Wed Jan 22, 2014 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Reporting 1099-Misc for IC payments
Replies: 5
Views: 392

Reporting 1099-Misc for IC payments

Question for the bogleheads that understand taxes! I paid my contractor a total of 103500 for a major renovation for a rental property. When gathering my records to send him a 1099-Misc I realized that the first payment of $50K was actually paid to him in Dec. 2012 with subsequent payments totalling...
by Loon11
Mon Jan 20, 2014 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: withdrawing from TSP
Replies: 2
Views: 437

Re: withdrawing from TSP

Thanks Jimb.
I am still with the Feds, keeping my job but cutting back my hrs. I should have known this - makes sense. I am 64.
Getting a bit nervous about the 50% decrease in salary. We'll see.
by Loon11
Fri Jan 17, 2014 10:21 am
Forum: Personal Finance (Not Investing)
Topic: withdrawing from TSP
Replies: 2
Views: 437

withdrawing from TSP

This question is probably evident to everyone (except me) - I am a federal worker who is cutting back to about half time this year and may work for several years to come - about 16 hrs a week. I am wondering if one can withdraw from the TSP prior to full retirement? Getting worried that may be crunc...
by Loon11
Wed Jan 15, 2014 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Form 1099
Replies: 3
Views: 259

Re: Help with Form 1099

done, thanks Tom37. Thanks OAG - if its just a form to send in with the copies of the 1099, not that big a deal. the instructions aren't that clear. the other thing is I don't have a typewriter and not sure how I can type these 1099s - I will probably just print them. Hope that's OK. the forms have ...
by Loon11
Wed Jan 15, 2014 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Form 1099
Replies: 3
Views: 259

Help with Form 1099

I am supposed to file a 1099-Misc for what I paid my contractor in 2013 (around 100K) as well as another consultant (for renovating a rental property). Never done one before. got the instructions but this form 1096 annual Summary and Transmittal of returns. Not sure what I am supposed to do with it....
by Loon11
Tue Dec 03, 2013 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Question on Drawing from TSP
Replies: 2
Views: 294

Re: Question on Drawing from TSP

Thanks! just read that. I have no Roth tsp but do have roth iras in vanguard.
by Loon11
Tue Dec 03, 2013 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Question on Drawing from TSP
Replies: 2
Views: 294

Question on Drawing from TSP

I will be retiring within the next couple of years and have gone parttime starting in 2014. Being a federal employee, have a TSP account. I would like to know other bogleheads' strategies on taking out funds from the TSP. Not completely knowing all the rules on RMD - wouldn't it be best to use tsp f...
by Loon11
Thu Oct 24, 2013 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care (again)
Replies: 7
Views: 940

Re: Long Term Care (again)

Thanks Gerry. Va does offer a credit but only in the first few years. It does come up on turbo for virginia.
by Loon11
Wed Oct 23, 2013 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care (again)
Replies: 7
Views: 940

Re: Long Term Care (again)

Thanks Honobob and everyone! Gerry - that's a good plan too - if I'm not too out to lunch and make it into my 80's, I'll reduce it to 5 yrs (or my caregiver can:) Otherwise, I'm holding onto it. Honobob you really put it in perspective. My policy has the same coverage for my spouse and myself so its...
by Loon11
Tue Oct 22, 2013 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care (again)
Replies: 7
Views: 940

Long Term Care (again)

Trying to make a decision about whether to reduce my LTCi benefits, appreciate feedback. I have a dual policy (self and spouse) purchased in mid 50's (now age 63, spouse 64). I am nearing retirement, maybe next year. we have total assets around 1.5 million not counting real estate (2 rentals, 2 home...
by Loon11
Tue Sep 24, 2013 11:57 am
Forum: Personal Finance (Not Investing)
Topic: how to handle tax on a rental sale loss
Replies: 6
Views: 662

Re: how to handle tax on a rental sale loss

Thanks all! I did realize I had a big profit on the original sale and now wish I had just paid it, and avoided the 1031 lots. At least then I would have had something from the sale. Now I have 2 lots that won't sell and I have an annual tax bill on each. But maybe in years to come they will apprecia...
by Loon11
Tue Sep 24, 2013 7:22 am
Forum: Personal Finance (Not Investing)
Topic: how to handle tax on a rental sale loss
Replies: 6
Views: 662

Re: how to handle tax on a rental sale loss

Thanks! And if I sell only one lot, I pay the depreciation ratio on that one I assume - or would I pay the entire depreciation on the original property first?
by Loon11
Thu Sep 19, 2013 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: how to handle tax on a rental sale loss
Replies: 6
Views: 662

how to handle tax on a rental sale loss

Bogleheads = anyone know how to handle taxes on the following cases: I sold a rental house in '06 at approx 115K profit (pd $50K, sold for $165K). There was close to 20 yrs of depreciation taken - approx 23-25K. We used the proceeds to purchase "like property" (1031). purchased two land lo...
by Loon11
Tue Sep 03, 2013 9:31 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks - Do you own any?
Replies: 97
Views: 7845

Re: Individual Stocks - Do you own any?

yrs ago bought stocks directly and still have them - and also don't want to pay the gains. Blue chips like JNJ, Dom Resources,
P&G, Lowes - a few more. they have done well and keep reinvesting dividends. may sell later...
by Loon11
Tue Aug 27, 2013 1:57 pm
Forum: Personal Consumer Issues
Topic: Anyone feed the birds?
Replies: 84
Views: 7653

Re: Anyone feed the birds?

This is kinda along these lines........I love feeding the birds and just use southern states sunflower seeds and their suet cakes. Everyone seems to like both. My problem is apparent raccoons taking the entire suet cake holder right off the shepherds hook - and the wire basket was hooked together wi...
by Loon11
Wed Jul 03, 2013 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Guidance re 1099 to contractor
Replies: 11
Views: 931

Re: Guidance re 1099 to contractor

Thanks all - I wonder if the IRS publication helps. I own the rental property and believe I qualify for being active in it (>750 hrs) but also work full time in health care. So technically, not in the business of real estate. but probably will do the 1099 unless it becomes very difficult to figure o...
by Loon11
Wed Jul 03, 2013 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Guidance re 1099 to contractor
Replies: 11
Views: 931

Re: Guidance re 1099 to contractor

- so even though I am an individual who owns a rental property, I do deduct expenses and should send the contractor a 1099 which I plan to do (I gather from the post I do). I also had a historical architect who did work on the plans and paid her $800+. Ended up not going with the historical tax cred...
by Loon11
Tue Jul 02, 2013 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Guidance re 1099 to contractor
Replies: 11
Views: 931

Re: Guidance re 1099 to contractor

Thanks all. deanbrew - I thought it was law that one had to send a 1099 to anyone who was paid $600 or more for work done. If I don't need to do this, I certainly won't, don't want the headache. Isn't it required by law? Again, if this is something I don't need to do....am not looking for more work ...
by Loon11
Mon Jul 01, 2013 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Guidance re 1099 to contractor
Replies: 11
Views: 931

Guidance re 1099 to contractor

I've received such great advise over the past months on a big renovation completed this year on a rental duplex. Our contractor coordinated the work and we paid him in installments. A portion of the work was for repairs and we have separated those costs from the total renovation. So I'm wondering ab...
by Loon11
Wed Jun 26, 2013 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA question
Replies: 7
Views: 827

Re: Roth IRA question

Wow - t his is perfect and exactly what I wanted to know. Yes, want to transfer to Vanguard. I will get my spouse to have the bank make the check to Vanguard Fudiciary - seems easiest. the bank ended up stating that we would need to get the forms from Vanguard and have them sent to their Home Office...
by Loon11
Wed Jun 26, 2013 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA question
Replies: 7
Views: 827

Re: Roth IRA question

Thanks - I should clarify. my spouse has vanguard roth and traditional which has had regular contributions over many years but this CD was taken out separately. So his first roth IRA was > 5 yrs with vanguard. This was just a good CD offer and bought it. So does each account have to be > 5 yrs? or d...
by Loon11
Tue Jun 25, 2013 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA question
Replies: 7
Views: 827

Roth IRA question

My spouse, age 64, purchased a CD about 2-3 yrs ago which is now maturing. It was purchased for 6K as a Roth. It does not roll over into anything good. My spouse wants to cash it in and I believe if its held less than 5 yrs, there will be a penalty. Is this correct? Shouldn't the bank advise about t...
by Loon11
Mon Jun 24, 2013 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: How to determine the worth of a rental
Replies: 7
Views: 1038

Re: How to determine the worth of a rental

thanks WhyNotUs -not sure how to calculate the cap rate here but your guess about the payback isn't far off - we certainly will keep up the maintenance now. appreciate everyone's comments.
by Loon11
Wed Jun 19, 2013 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: How to determine the worth of a rental
Replies: 7
Views: 1038

How to determine the worth of a rental

I am wondering what determines the value of a rental. How does the rent determine its value? I just paid $100K for a renovation on a fully paid for, fully depreciated duplex. the previous units were $625 each monthly (we kept them under market due to deferred maintenance, etc), about $15K. the place...
by Loon11
Fri Jun 14, 2013 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: investment property tax question
Replies: 14
Views: 1548

Re: investment property tax question

Thanks dstac. Another question comes to mind: when I deduct the repairs of around $10K, the 90K is what is left to depreciate but that 90K pie gets cut up somewhat by the appliances (another 10K to be depreciated over 5 yrs, not 27.5) Other little things as well like ceiling fans, the fence, and may...
by Loon11
Thu Jun 13, 2013 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: investment property tax question
Replies: 14
Views: 1548

Re: investment property tax question

I sure hope that fractional depreciation has a guideline somewhere or is easily done by Turbo. As for property taxes, we submitted a "tax abatement" application that postpones the increased valuation for a number of years to stimulate renovations for older homes in this historic district. ...
by Loon11
Wed Jun 05, 2013 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: investment property tax question
Replies: 14
Views: 1548

Re: investment property tax question

Thanks dstac - I was paying as I went. We paid $50K up front in December as first draw, then in 15-25K increments until the last $10K in April. Since it was never not a rental property but was only not rented for 3 months (in other words, I put in in service in 1987 initially). so would I have to st...
by Loon11
Tue Jun 04, 2013 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Capital One Cash vs. Fidelity Amex Rewards
Replies: 43
Views: 22700

Re: Capital One Cash vs. Fidelity Amex Rewards

I have the FidAmex but last year, they automatically put $50.00 (my bonus) into a Roth IRA that I have with Fidelity, I didn't know they had done it and I had already made my full Roth. so had to do a return of overpaid roth. Now I still have it and I can get $250 for $12,500 spending. But I also ha...
by Loon11
Tue Jun 04, 2013 7:10 am
Forum: Personal Finance (Not Investing)
Topic: investment property tax question
Replies: 14
Views: 1548

Re: investment property tax question

Thanks In The Weeds and all! I have always done my own taxes so we will see how I get through next year with all these add'l expenses and itemizations. I have a huge folder stuffed with many receipts etc. I will try to get organized and at least have it all in a spreadsheet. I'm sure it will be load...

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