Search found 21 matches

Return to advanced search

Re: Tax Question

I hope this clears up any confusion:
I bought the house in 1997 and lived there until May of 2011. It was rented out from June of 2011 until Nov of 2013.
I sold it in Feb of 2014.
by covepatrol
Mon Nov 03, 2014 10:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax Question
Replies: 14
Views: 1709

Re: Tax Question

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?
by covepatrol
Mon Nov 03, 2014 9:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax Question
Replies: 14
Views: 1709

Re: Tax Question

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
by covepatrol
Mon Nov 03, 2014 9:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax Question
Replies: 14
Views: 1709

Tax Question

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?
by covepatrol
Sun Nov 02, 2014 11:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax Question
Replies: 14
Views: 1709

Re: 2 days in San Francisco

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
by covepatrol
Fri Jul 18, 2014 9:26 am
 
Forum: Personal Consumer Issues
Topic: 2 days in San Francisco
Replies: 25
Views: 1787

Re: Hints on Tri-Tip

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.
by covepatrol
Thu Jul 17, 2014 9:58 am
 
Forum: Personal Consumer Issues
Topic: Hints on Tri-Tip [Cooking]
Replies: 29
Views: 2569

Seattle Restaurants

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
by covepatrol
Tue Jun 17, 2014 10:56 am
 
Forum: Personal Consumer Issues
Topic: Seattle Restaurants
Replies: 17
Views: 1080

Re: San Francisco Restaurant Recommendations

Hey how was your trip?
Let us know where you decided to eat!
by covepatrol
Tue May 06, 2014 9:21 am
 
Forum: Personal Consumer Issues
Topic: San Francisco Restaurant Recommendations
Replies: 44
Views: 3036

Re: San Francisco Restaurant Recommendations

+1 Tadich Grill. Oldest restaurant in SF
Cioppino is incredible
by covepatrol
Tue Apr 29, 2014 11:33 pm
 
Forum: Personal Consumer Issues
Topic: San Francisco Restaurant Recommendations
Replies: 44
Views: 3036

Re: San Francisco Restaurant Recommendations

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...
by covepatrol
Tue Apr 29, 2014 8:48 am
 
Forum: Personal Consumer Issues
Topic: San Francisco Restaurant Recommendations
Replies: 44
Views: 3036

Re: To payoff mortgage or not

Last year I owned 1000 shares of VGR. Last year it paid me over 1500 in dividends.
My account now has 1050 shares.
Where is the accounting trick?
by covepatrol
Fri Jan 03, 2014 11:25 am
 
Forum: Investing - Help with Personal Investments
Topic: To payoff mortgage or not
Replies: 64
Views: 3742

Re: To payoff mortgage or not

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.

You are going to be filthy rich.
by covepatrol
Fri Jan 03, 2014 11:05 am
 
Forum: Investing - Help with Personal Investments
Topic: To payoff mortgage or not
Replies: 64
Views: 3742

Re: Where to park 150K

By park I meant invest. I do have taxable in my 403(b)(7)
by covepatrol
Sat Nov 02, 2013 11:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Where to park 150K
Replies: 6
Views: 1021

Where to park 150K

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...
by covepatrol
Sat Nov 02, 2013 10:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Where to park 150K
Replies: 6
Views: 1021

Re: Buying high mileage vehicles...

07 Tundra with 150k is well broken in. Take good care of it and it will easily make 300k
by covepatrol
Sun Sep 22, 2013 10:21 am
 
Forum: Personal Consumer Issues
Topic: Buying high mileage vehicles...
Replies: 16
Views: 2389

Re: Weight Loss Plans?

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.
by covepatrol
Tue Sep 17, 2013 8:24 pm
 
Forum: Personal Consumer Issues
Topic: Weight Loss Plans?
Replies: 109
Views: 6616

Re: [Do I need] Umbrella Insurance

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!
by covepatrol
Sat Jun 29, 2013 10:31 am
 
Forum: Personal Finance (Not Investing)
Topic: [Do I need] Umbrella Insurance
Replies: 41
Views: 3078

Re: [Do I need] Umbrella Insurance

The agent told me a potential
Lawsuit could "only" go after my future earnings and
The equity in my primary residence.
by covepatrol
Wed Jun 26, 2013 9:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Do I need] Umbrella Insurance
Replies: 41
Views: 3078

[Do I need] Umbrella Insurance

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....
by covepatrol
Wed Jun 26, 2013 6:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Do I need] Umbrella Insurance
Replies: 41
Views: 3078

Return to advanced search