When figuring 2 of past 5 years I thought it was any part of calendar years. If it goes by exact sale date that was Feb of 2014. I moved in June of 2011. Five years prior to Feb of 2014 would be Feb of 2009. So wouldn't Feb of 2009 to Feb of 2011 be 2 of past 5 years?
1. Original cost was 90k 2. I did live in it 2 of the past 5 years (all of 2010 and half of 2011 3. I did depreciate at a 27 year schedule with fair market value at 130k (starting in 2011) 4. Sold for 200k 5. At least 40k in improvements
I sold my rental in Feb. This house was my primary residence up to May of 2011. So I had it rented out for the rest of 2011 and all of 2012 and 2013. I claimed all the rental income and depreciated it for 2 and half years. What taxes should I expect to owe?
Here is a quick Boglehead tour 1. Walk across the Golden Gate Bridge 2. Farmers Market on Saturday at the Ferry building 3. Diego Rivera mural. It's right around the corner from Lombard street. (that's the crooked one always on TV) http://www.sfai.edu/diego-rivera-mural
Season with salt and pepper. Then lather mustard in generously. Sear 5 minutes each side. Cook fat side down on indirect heat with thicker side towards heat. Let sit at least 10 minutes. Cut very thin slices against the grain.
The SF thread was a good read. Next week I will be in Seattle so I am looking for tips on dining. I would like to know opinions on the best: 1.Steakhouse 2. Seafood 3. Burger 4.Thai/Vietnamese 5. Breakfast
Harris Steakhouse on Van Ness Super Duper Burger (3 locations) Dotties true Blu Cafe (breakfast) Fog City Diner (new owners) Hog Island Oyster Bar The Stinking Rose (Italian) Ler Ros (Thai) Also try some dimsum in Chinatown And about 3000 more. If you list your likes/dislikes I can narrow it down fo...
I would Refi that 180k to a 10 or 15 year loan. The 10 year rate is 3%. Your fixed mortgage costs will be less than 10% of your net monthly income. . Check out VGR. It pays a 10% dividend and gives out a yearly 5% stock award.
I am selling my rental property. The reason is my tenant moved out and since I have lived there 2/5 past years I won't pay capital gains. Where would you invest the 160k that will be coming in? Here is my basic info: emergency fund = 6 months 403(b)(7) = fully investing (target retirement 2025 Vangu...
I have lost 30 pounds in 5 months on the 5 and 2 diet 2 days a week I limit myself to 600 calories 5 days a week I eat a normal 2400 calories Caloric restriction is also being linked with increased longevity and cognitive improvement.
Thanks for all the replies. I plan to buy the policy. When I called for the quote I was able to reduce my car insurance by 20 dollars a month. (we used to drive 20k miles a year and now drive 7500k) Almost a "free" umbrella!
Do I need it? 403b = 300k Pension = 120k (Cal STRS) rental = 230k (paid off) Primary = 275k (owe 135k) salary = 80k Age 45 retirement age = 57 No pool/trampolines/zip lines etc one car two drivers = 7500k miles a year (not married) Quote from current agent = 268 for one million in coverage Thanks P....