Search found 521 matches

by Kennedy
Tue Jul 07, 2020 10:53 pm
Forum: Personal Consumer Issues
Topic: Truck Rental Alternative Vendors?
Replies: 7
Views: 506

Re: Truck Rental Alternative Vendors?

At one point, Penske had a significant AAA discount.
by Kennedy
Tue Jul 07, 2020 10:28 pm
Forum: Personal Consumer Issues
Topic: Deck on setback- violation?
Replies: 27
Views: 1550

Re: Deck on setback- violation?

There is some rule about adverse possession that after so many years, part of the property in question becomes legally yours if nobody else has a claim or complaint filed. After 23 years, I wouldn't worry about it. Worse case, you have to trim back the deck to conform to the setback. A chain saw wi...
by Kennedy
Mon Jul 06, 2020 6:25 pm
Forum: Personal Consumer Issues
Topic: Replacing odd-depth washer/dryer
Replies: 20
Views: 823

Re: Replacing odd-depth washer/dryer

A lot of helpful information here. Thank you. Sounds like I'm not alone. Behind the washer/dryer is an outside wall, so that may limit what I'm able to do (or give me a lot of options if I'm feeling ambitious). I think I may start with getting a repairman to look at the dryer (which is having the m...
by Kennedy
Sun Jul 05, 2020 5:39 pm
Forum: Personal Consumer Issues
Topic: Need to pay quarterly estimated taxes on capital gains/depreciation recapture for rental property sale?
Replies: 7
Views: 299

Re: Need to pay quarterly estimated taxes on capital gains/depreciation recapture for rental property sale?

I have three remaining quarterly estimated payments due for 2020 (July 15, Sept 15, Jan 15). I already paid first quarter April 15 before I knew the due date was changed due to covid-19. Should I split the $45,000 I will owe for the rental property sale into thirds and add this to what I owe for my...
by Kennedy
Sun Jul 05, 2020 5:11 pm
Forum: Personal Consumer Issues
Topic: Need to pay quarterly estimated taxes on capital gains/depreciation recapture for rental property sale?
Replies: 7
Views: 299

Re: Need to pay quarterly estimated taxes on capital gains/depreciation recapture for rental property sale?

Estimated tax payments are applied to your total tax bill. No need to make separate estimates for schedule C vs. schedule E vs. any other income. Whether you need to increase the estimated tax payments you would make without the rental sale depends on how much the sale will change your 2020 tax lia...
by Kennedy
Sun Jul 05, 2020 5:04 pm
Forum: Personal Consumer Issues
Topic: What counts as improvements (to increase basis) when selling rental home?
Replies: 0
Views: 140

What counts as improvements (to increase basis) when selling rental home?

I sold a rental home I've owned for many years. In preparation for the sale, I did the following: interior and exterior painted, new ceiling fans, new kitchen counters, new exterior stucco (existing was crumbling), new rock installed for landscaping, new kitchen appliances, minor roof repairs, new c...
by Kennedy
Sun Jul 05, 2020 4:47 pm
Forum: Personal Consumer Issues
Topic: Need to pay quarterly estimated taxes on capital gains/depreciation recapture for rental property sale?
Replies: 7
Views: 299

Need to pay quarterly estimated taxes on capital gains/depreciation recapture for rental property sale?

I sold a rental property last month, one that I have owned for almost 20 years. As such, I'm estimating I'll owe around $45,000 of capital gains/depreciation capture. I always file a schedule c and pay hefty quarterly estimated taxes for our business. I'm wondering if I need to pay quarterly estimat...
by Kennedy
Sun Jul 05, 2020 10:13 am
Forum: Personal Consumer Issues
Topic: How to get Disinfectant Spray? seriously.
Replies: 50
Views: 3294

Re: How to get Disinfectant Spray? seriously.

Have you tried ordering online? I ordered some from Walmart.com last month (their Equate brand). I kept checking the website until some popped up as available to ship. I see Curad alcohol pads (if they would work for you) available for shipping right now (may vary by area). When we've looked for is...
by Kennedy
Sun Jul 05, 2020 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Negative ultimate rewards balance on sapphire reserve
Replies: 24
Views: 1754

Re: Negative ultimate rewards balance on sapphire reserve

How do you get a negative balance in the first place? Purchase something refundable (e.g., plane tickets), accrue points, redeem points for whatever (in the OP´s case, a cruise), then cancel the plane trips, which results in the refund being credited back to your account. Card issuer treats refunds...
by Kennedy
Sat Jul 04, 2020 3:06 pm
Forum: Investing - Theory, News & General
Topic: Personal Capital Acquired
Replies: 37
Views: 4226

Re: Personal Capital Acquired

I never felt comfortable with any one of these portal or dashboard companies having access and login information to all the accounts. Too many data breaches today. I am surprised in some respects Personal Capital achieve the level of success they have . I suspect the reason Personal Capital is so p...
by Kennedy
Sat Jul 04, 2020 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Who has long term care insurance?
Replies: 114
Views: 5400

Re: Who has long term care insurance?

The average stay in a nursing home is about a year. I think it is logical to self insure by having at least a few years of LTC covered with liquid assets (say half a million in today's dollars). if the stay ends up being a really long one, then I plan to let myself go bankrupt and rely on Medicaid ...
by Kennedy
Sat Jul 04, 2020 12:30 am
Forum: Personal Consumer Issues
Topic: LTCi refuses claim
Replies: 33
Views: 5728

Re: LTCi refuses claim

My experience with a long term care insurance policy for a relative was horrid. I tried to get my state's department of insurance involved, but they were of no help. After numerous phone calls, I finally wrote a long letter to the insurer with an extreme amount of detail documenting why the amount t...
by Kennedy
Sat Jul 04, 2020 12:14 am
Forum: Personal Consumer Issues
Topic: I am looking for a very plush mattress does anyone have a recommendation for me?
Replies: 9
Views: 983

Re: I am looking for a very plush mattress sold at costco or sams club does anyone have a recommendation for me?

What about buying a four inch mattress topper at Costco for your existing bed. I have one. It's super comfortable. It turned a hard mattress into a cloud-like mattress.
by Kennedy
Fri Jul 03, 2020 12:56 am
Forum: Personal Consumer Issues
Topic: YoutubeTV subscription now $64.99/month
Replies: 171
Views: 13249

Re: YoutubeTV subscription now $64.99/month

scoreboard wrote:
Thu Jul 02, 2020 4:23 pm
the way wrote:
Thu Jul 02, 2020 1:10 pm
If you have the Chase Sapphire Reserve card, maybe you can prepay for a year and effectively get a 15% discount right now.
Because of the 10x points on streaming services? Just making sure I am not missing something.
How do you prepay on YTTV?
by Kennedy
Fri Jul 03, 2020 12:35 am
Forum: Personal Consumer Issues
Topic: Approached to Replace the Roof after Hail Storm
Replies: 18
Views: 1718

Re: Approached to Replace the Roof after Hail Storm

Don't use any person who knocks on your door looking for work. In my area, there are "storm chasers" who go from city to city in the aftermath of storms knocking on doors trying to get hired to replace the roof. These folks have a less-than-stellar reputation. Ask around your neighborhood/family for...
by Kennedy
Fri Jul 03, 2020 12:25 am
Forum: Personal Consumer Issues
Topic: VRBO.com Refundable damage deposit taking up to 4 weeks to return!
Replies: 2
Views: 297

VRBO.com Refundable damage deposit taking up to 4 weeks to return!

I rented a short term vacation condo through VRBO.com. The terms when I rented stated the almost $400 refundable damage deposit would be automatically returned within 14 days. That time period has come and gone. I see that VRBO now has a notation on their website as follows: "When will I receive my ...
by Kennedy
Wed Jul 01, 2020 5:34 pm
Forum: Personal Consumer Issues
Topic: Car accident- diminished value
Replies: 1
Views: 329

Car accident- diminished value

My car was in an accident where the other driver's insurance company stated they will accept liability. I am going to pursue a diminished value claim as the car suffered extensive damage (my opinion only as the car has not been inspected yet by an adjuster or car shop). If I accept payment for the r...
by Kennedy
Mon Jun 29, 2020 5:03 pm
Forum: Personal Consumer Issues
Topic: Building a raised garden bed with corrugating metal roof panels
Replies: 6
Views: 546

Building a raised garden bed with corrugating metal roof panels

Years ago, I built a raised garden bed out of un-treated cedar. (I read that using treated wood in a garden was not a good idea due to potential toxicity issues.) Everything was fine and dandy for about two years until the wood started to rot, and the whole thing collapsed. Apparently, that is a pre...
by Kennedy
Sat Jun 27, 2020 11:05 am
Forum: Personal Finance (Not Investing)
Topic: [thinking about buying a house in LA, wait for RE crash?]
Replies: 66
Views: 4733

Re: [thinking about buying a house in LA, wait for RE crash?]

The comments about short term vacation rentals being the first to be unloaded is interesting. I assumed that would be the case initially, too. However, I now suspect there will be a lot of demand for people looking to rent homes in neighboring states for their vacation when they are unable to go ove...
by Kennedy
Sat Jun 27, 2020 10:55 am
Forum: Personal Finance (Not Investing)
Topic: How to find a short term rental? (moving)
Replies: 26
Views: 1407

Re: How to find a short term rental? (moving)

This solution won't work for everyone, but when I was in a similar situation, I strongly considered buying a small home that would make a great rental once I moved out. That way, I could stay in the home as long as I needed to and then convert it to a rental once I found and moved into my "real" home.
by Kennedy
Sat Jun 27, 2020 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Data Breach During Mortgage Process
Replies: 21
Views: 1263

Re: Data Breach During Mortgage Process

The good news about all these data breaches, is that if you ever forget your social security number or your bank password, it's easy enough to look up online. :twisted: Now that's funny. :D Seriously, I really wouldn't worry about it. Your information is "out there" anyway. I did have some mild con...
by Kennedy
Sat Jun 27, 2020 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 181
Views: 10577

Re: Which College degrees are worthwhile?

Several people mentioned nursing. In my area, new nurses are coming out of the wazoo. The hospitals are looking for experienced nurses, but the community colleges and four year colleges have turned out so many new nurses in the last few years that it is hard to get a job as a new graduate. Along tha...
by Kennedy
Fri Jun 26, 2020 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Data Breach During Mortgage Process
Replies: 21
Views: 1263

Re: Data Breach During Mortgage Process

The good news about all these data breaches, is that if you ever forget your social security number or your bank password, it's easy enough to look up online. :twisted: Now that's funny. :D Seriously, I really wouldn't worry about it. Your information is "out there" anyway. I did have some mild con...
by Kennedy
Fri Jun 26, 2020 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: [thinking about buying a house in LA, wait for RE crash?]
Replies: 66
Views: 4733

Re: [thinking about buying a house in LA, wait for RE crash?]

Does anyone have any updates on what's happening in their housing market since early May?
by Kennedy
Fri Jun 26, 2020 3:39 pm
Forum: Personal Consumer Issues
Topic: Gambling winnings/losses on taxes
Replies: 11
Views: 732

Re: Gambling winnings/losses on taxes

Katietsu wrote:
Fri Jun 26, 2020 3:36 pm
Kennedy wrote:
Fri Jun 26, 2020 3:32 pm
So I don't deduct the losses from the winnings up to the amount of winnings and pay taxes on that? I pay tax on the $3000 winnings without regard to any money I lost in 2019 unless I itemize, correct? Just wanted to clarify.
Correct. Unfortunately, you understand.
Thank you.
by Kennedy
Fri Jun 26, 2020 3:32 pm
Forum: Personal Consumer Issues
Topic: Gambling winnings/losses on taxes
Replies: 11
Views: 732

Re: Gambling winnings/losses on taxes

So I don't deduct the losses from the winnings up to the amount of winnings and pay taxes on that? I pay tax on the $3000 winnings without regard to any money I lost in 2019 unless I itemize, correct? Just wanted to clarify.
by Kennedy
Fri Jun 26, 2020 2:59 pm
Forum: Personal Consumer Issues
Topic: Gambling winnings/losses on taxes
Replies: 11
Views: 732

Gambling winnings/losses on taxes

We received a tax statement from a casino winning for almost $3000 in 2019. Losses for the year were more than that. Using Turbotax, I input the $3000 during the interview questions. I also input the losses. It appears that we have to pay taxes on the winnings, but can only deduct the losses against...
by Kennedy
Fri Jun 26, 2020 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Side hustle: How to get paid?
Replies: 26
Views: 2440

Re: Side hustle: How to get paid?

1) LLC protections differ from state-to-state. He can register the entity in another state from where he resides. If he conducts business in the state in which he resides, he'll probably have to registered his foreign (out-of-state) LLC in his home states as well. So, two registrations vs. one. 2) ...
by Kennedy
Thu Jun 25, 2020 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Side hustle: How to get paid?
Replies: 26
Views: 2440

Re: Side hustle: How to get paid?

Yes, that's right. An LLC is a pass-through entity, so there is no tax advantage in being an LLC. And since the OP did the work himself (he "built something"), in the event of harm, any prospective plaintiff could file a claim against the OP personally without regard to the LLC. If the OP hired a s...
by Kennedy
Thu Jun 25, 2020 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Side hustle: How to get paid?
Replies: 26
Views: 2440

Re: Side hustle: How to get paid?

There would be absolutely no advantage to you to form an LLC. There is no tax advantage in doing so and no liability protection since you performed the work yourself. Moreover, with an LLC, you would then have to open a business bank account into which to deposit the check. Totally not necessary. A...
by Kennedy
Thu Jun 25, 2020 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Side hustle: How to get paid?
Replies: 26
Views: 2440

Re: Side hustle: How to get paid?

There would be absolutely no advantage to you to form an LLC. There is no tax advantage in doing so and no liability protection since you performed the work yourself. Moreover, with an LLC, you would then have to open a business bank account into which to deposit the check. Totally not necessary. As...
by Kennedy
Thu Jun 25, 2020 10:14 pm
Forum: Personal Consumer Issues
Topic: Hiring a contractor for a commercial building- what to look out for & getting bids
Replies: 7
Views: 317

Re: Hiring a contractor for a commercial building- what to look out for & getting bids

In your selection of architect you should focus on experience with buildings similar to what you need. An architect who does offices/medical offices/legal offices will approach the task differently than one who designs auto dealerships, supermarkets, schools, or factories. There are a lot of "nice ...
by Kennedy
Thu Jun 25, 2020 10:04 pm
Forum: Personal Consumer Issues
Topic: Hiring a contractor for a commercial building- what to look out for & getting bids
Replies: 7
Views: 317

Re: Hiring a contractor for a commercial building- what to look out for & getting bids

In your selection of architect you should focus on experience with buildings similar to what you need. An architect who does offices/medical offices/legal offices will approach the task differently than one who designs auto dealerships, supermarkets, schools, or factories. There are a lot of "nice ...
by Kennedy
Thu Jun 25, 2020 9:55 pm
Forum: Personal Consumer Issues
Topic: Hiring a contractor for a commercial building- what to look out for & getting bids
Replies: 7
Views: 317

Re: Hiring a contractor for a commercial building- what to look out for & getting bids

Seems like the “cart before the horse”. 1. Hire a licensed architect or engineering to do your plans and specs. You can pay for the plans and specs only then bid it out yourself or have the architect run the whole thing for a percentage of total. Spend time getting it right. Fixing mistakes on pape...
by Kennedy
Thu Jun 25, 2020 9:10 pm
Forum: Personal Consumer Issues
Topic: Hiring a contractor for a commercial building- what to look out for & getting bids
Replies: 7
Views: 317

Hiring a contractor for a commercial building- what to look out for & getting bids

What should I look out for when hiring a general contractor to build a commercial structure from start to finish (permits, grading, engineering all the way to landscaping)? I have two GCs I've spoken to casually about the project, but I haven't gotten as far as getting quotes for the job. I don't ha...
by Kennedy
Thu Jun 25, 2020 1:05 pm
Forum: Personal Investments
Topic: Providing for parent
Replies: 19
Views: 1878

Re: Providing for parent

Student, yes, the amount is high, but I'm trying to guess the upper limit of this expense (and it should be defrayed somewhat after the divorce ruling). I need to get a firmer grip on the status of the long-term care insurance. DBR, thanks. I guess I wanted to make sure I wasn't making a mistake wi...
by Kennedy
Wed Jun 24, 2020 2:36 pm
Forum: Personal Consumer Issues
Topic: TurboTax filing amended tax return for change in form 8606
Replies: 3
Views: 201

Re: TurboTax filing amended tax return for change in form 8606

So I made an error on my 2018 Form 8606 via TurboTax. I went back into TurboTax, input the correct information, and now I have to mail the 1040-X to the IRS. (The error on the Form 8606 didn't impact any refund or amount due.) I understand it takes up to 4 months for the IRS to process the amended ...
by Kennedy
Wed Jun 24, 2020 1:57 pm
Forum: Personal Consumer Issues
Topic: TurboTax filing amended tax return for change in form 8606
Replies: 3
Views: 201

TurboTax filing amended tax return for change in form 8606

So I made an error on my 2018 Form 8606 via TurboTax. I went back into TurboTax, input the correct information, and now I have to mail the 1040-X to the IRS. (The error on the Form 8606 didn't impact any refund or amount due.) I understand it takes up to 4 months for the IRS to process the amended r...
by Kennedy
Tue Jun 23, 2020 9:23 pm
Forum: Personal Consumer Issues
Topic: Any Instant Pot users here?
Replies: 165
Views: 20107

Re: Any Instant Pot users here?

Eh... I like to think I'm a pretty good cook, and my experience has been that the IP saves some time, but foods aren't as tasty as those I make conventionally. A big issue is that if the food isn't fully cooked after the end of the timed period, I have to put the lid back up and bring the IP back up...
by Kennedy
Sun Jun 21, 2020 6:30 pm
Forum: Personal Consumer Issues
Topic: Repairing car after an accident
Replies: 17
Views: 1009

Re: Repairing car after an accident

I'm not sure I understand why your insurance company isn't filing on your behalf with the other person's insurance company? Why are they closing the claim? We have collision, but our insurance company said we had to pay the deductible and then see if the other insurance company would make us whole.
by Kennedy
Sun Jun 21, 2020 5:05 pm
Forum: Personal Consumer Issues
Topic: Repairing car after an accident
Replies: 17
Views: 1009

Re: Repairing car after an accident

While I don't want to start a side discussion on "diminished value", I suggest you search here or on Google if you don't know what that is. Thank you for the suggestion. I googled, and my state allows diminished value claims. How do I go about this? I see there is a company that for $200 will provi...
by Kennedy
Sun Jun 21, 2020 2:46 pm
Forum: Personal Consumer Issues
Topic: Repairing car after an accident
Replies: 17
Views: 1009

Repairing car after an accident

Looking for tips on repairing a car after an accident. In this scenario, the driver of our car was not at fault (rear-ended). Our insurance company noted our claim, told us to file with the other driver's insurance and said they will "close out" our claim for now. How do we keep from being taken adv...
by Kennedy
Sat Jun 20, 2020 9:33 pm
Forum: Personal Consumer Issues
Topic: How do appraisal values increase?
Replies: 10
Views: 814

Re: How do appraisal values increase?

Usually the increase is slow enough to be within the margin of error. In an area with rapidly increasing prices appraisals can be a real problem for buyers. At least as far as mortgages are concerned, if you have a good-sized down payment a somewhat low appraisal is not a problem. [/u] What do you ...
by Kennedy
Sat Jun 20, 2020 1:53 pm
Forum: Personal Consumer Issues
Topic: How do appraisal values increase?
Replies: 10
Views: 814

How do appraisal values increase?

When buying property with a loan, the lender requires an appraisal. If the appraiser looks at what comparable homes in the area have sold for, how do the appraised values ever increase? In other words, if the appraiser is using the house across the street as a comp and it sold last month for $300,00...
by Kennedy
Fri Jun 19, 2020 11:19 pm
Forum: Personal Consumer Issues
Topic: Gifts for local fire/police departments
Replies: 10
Views: 1256

Gifts for local fire/police departments

Several families in our neighborhood would like to drop off some gifts of appreciation for our local fire and police departments. We want to be more creative than blah gifts like Starbucks gift cards, but at the same time be something useful and thoughtful. I think that any food items, other than co...
by Kennedy
Fri Jun 19, 2020 9:50 pm
Forum: Personal Consumer Issues
Topic: So what are you cooking
Replies: 297
Views: 18590

Re: So what are you cooking

Yesterday: grilled scallops (cajun seasoning, pepper, salt, lemon, olive oil) and grilled fresh grouper with sliced tomato and butter lettuce Today: baked chicken wings (kosher salt, pepper, olive oil... bake at 350 for 40 minutes...broil until golden brown) with green beans (Costco) sauteed in cast...
by Kennedy
Fri Jun 19, 2020 5:45 pm
Forum: Personal Consumer Issues
Topic: Feminine Beauty Products - best bang for your buck?
Replies: 35
Views: 3381

Re: Feminine Beauty Products - best bang for your buck?

Here are the products I use and recommend highly: 4) Nail polish: The longest lasting polish short of professional gel nails is this amazing product called Perfect Formula. It comes in clear and two versions of pink-ish shades. It literally lasts until your nails start to grow out. https://www.qvc....
by Kennedy
Fri Jun 19, 2020 2:36 pm
Forum: Personal Consumer Issues
Topic: Feminine Beauty Products - best bang for your buck?
Replies: 35
Views: 3381

Re: Feminine Beauty Products - best bang for your buck?

Here are the products I use and recommend highly: 4) Nail polish: The longest lasting polish short of professional gel nails is this amazing product called Perfect Formula. It comes in clear and two versions of pink-ish shades. It literally lasts until your nails start to grow out. https://www.qvc....
by Kennedy
Sat Jun 13, 2020 11:26 pm
Forum: Personal Consumer Issues
Topic: Feminine Beauty Products - best bang for your buck?
Replies: 35
Views: 3381

Re: Feminine Beauty Products - best bang for your buck?

Here are the products I use and recommend highly: 1) Cleanser: DHC- Deep Cleansing Oil (purchased at Costco for a discount, but I haven't seen it there recently) https://www.amazon.com/DHC-Deep-Cleansing-Travel-Size/dp/B06XFXWJ1C/ref=sr_1_4?crid=ELSTA4YD1YBX&dchild=1&keywords=dhc+deep+cleansing+oil&...
by Kennedy
Sat Jun 13, 2020 2:07 pm
Forum: Personal Consumer Issues
Topic: Car maker and car year specific coolant?
Replies: 15
Views: 806

Car maker and car year specific coolant?

I went to an auto parts store to buy some coolant/antifreeze for my car. I saw jugs of coolant/antifreeze marked "Asian Vehicles" and others marked "European Vehicles." There may have been other varieties, but I wasn't particularly looking. Why is the coolant specific to the maker's country of origi...