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horsesandbulls
| Favorite team: | LSU  |
| Location: | Destin, FL |
| Biography: | |
| Interests: | Football, Baseball |
| Occupation: | Accountant |
| Number of Posts: | 5170 |
| Registered on: | 6/4/2008 |
| Online Status: | Online |
Recent Posts
Message
re: Explain Dylan Raiola’s decision to me
Posted by horsesandbulls on 1/15/26 at 11:42 am to ReauxlTide222
Did Dan lanning frick your wife or something?
2
re: Documentaries / Docuseries
Posted by horsesandbulls on 1/13/26 at 8:05 pm to CaptainJ47
Check out tickled. Inside the world of competitive tickling.
re: Business owners: employee pay date question
Posted by horsesandbulls on 1/11/26 at 1:44 pm to TheOcean
I can understand if the employees asked as they get more per pay check.
Why do you think it’s better?
Why do you think it’s better?
re: Business owners: employee pay date question
Posted by horsesandbulls on 1/11/26 at 11:48 am to TheOcean
Why are yall doing bi monthly? I’ve heard of some companies doing this and I’m not really sure what the benefit is other than only running payroll 24x a year instead of 26?
re: San Francisco has released over 300 free-roaming robots to see how people will react
Posted by horsesandbulls on 1/11/26 at 7:36 am to NotoriousFSU
Will draft kings be updating the betting lines daily?
re: Sometimes the guys at on3 are onto something
Posted by horsesandbulls on 1/7/26 at 7:09 am to Bridges12
It’s an interview with Jake crain saying he’s not worried and about lane kiffin’s offense at LSU and fans shouldn’t worry either. Then says LSU will win a NC in the next 4 years.
I stopped after 1.5 minutes, video length is just under 10 minutes.
I stopped after 1.5 minutes, video length is just under 10 minutes.
re: Thoughts on Costco stock
Posted by horsesandbulls on 1/5/26 at 6:25 pm to PSS101
Why did you get out and what has changed from when you got out til now?
re: Is anyone here familiar with Ozark national life insurance co?
Posted by horsesandbulls on 1/5/26 at 5:21 pm to sc2anni
Does Marty Byrde work there?
re: I'm Chevy Chase and You're Not
Posted by horsesandbulls on 1/4/26 at 7:40 pm to RollTide1987
I could’ve dreamed this but I thought Joel mchale wrote about it in his book, Thanks for the Money.
re: Recommendation: Recteq vs Traeger
Posted by horsesandbulls on 1/4/26 at 5:48 pm to carlysstiger
Look at Yoder. Buy a Yoder.
re: Reading material request - stuck in the W2 trap
Posted by horsesandbulls on 1/4/26 at 2:13 pm to Rize
quote:
Am I missing something?
Definitely tax avoidance. Possible tax fraud.
re: Selling a home question.
Posted by horsesandbulls on 1/4/26 at 12:26 pm to rpg37
It’s a running total. Your cpa will know what to do.
re: Selling a home question.
Posted by horsesandbulls on 1/4/26 at 11:19 am to rpg37
You will need to know how much total depreciation should have been taken while the property was in rental use.
Start with old tax returns but you’ll also need to calculate depreciation that wasn’t taken but should have been.
Residential property has a useful life of 27.5 years.
There are a ton of depreciation recapture estimators online to give you an idea but if you’ve had the same tax software used for those tax returns, it could calculate this for you without you doing a whole lot of digging.
Start with old tax returns but you’ll also need to calculate depreciation that wasn’t taken but should have been.
Residential property has a useful life of 27.5 years.
There are a ton of depreciation recapture estimators online to give you an idea but if you’ve had the same tax software used for those tax returns, it could calculate this for you without you doing a whole lot of digging.
re: Selling a home question.
Posted by horsesandbulls on 1/4/26 at 10:49 am to rpg37
You get 250k (500k if married filing jointly) capital gain exclusion if you qualify with the 2 of last 5 years.
If at any point in time you rented the property in question out, you’ll need to deal with the depreciation recapture for the depreciation for the time it was rented.
Please note: you have to account for depreciation recapture even if you did not take the depreciation in the years it was rented out.
As always, speak to a tax professional.
If at any point in time you rented the property in question out, you’ll need to deal with the depreciation recapture for the depreciation for the time it was rented.
Please note: you have to account for depreciation recapture even if you did not take the depreciation in the years it was rented out.
As always, speak to a tax professional.
re: ACC wrecking an SEC team once again
Posted by horsesandbulls on 1/3/26 at 7:53 am to lsupride87
Might be something to do with key players opting out to avoid injury for the draft.
re: Is Billions worth the time investment?
Posted by horsesandbulls on 1/2/26 at 11:33 am to geauxtigers87
Made it through the second to last season. Will pick up the final season at some point.
But yea, it starts off awesome and then drops off.
But yea, it starts off awesome and then drops off.
re: Creating a Roth IRA at 20
Posted by horsesandbulls on 12/31/25 at 9:53 pm to Thecoz
No taxes paid as long as you don’t withdraw before 59.5 or RMDs with a roth
re: Investment advice
Posted by horsesandbulls on 12/31/25 at 3:33 pm to SidewalkTiger
Id keep your speculative (gambled) investments to 10% of your taxable brokerage account holdings. Put the rest in index funds or “safer” etfs.
re: Reading material request - stuck in the W2 trap
Posted by horsesandbulls on 12/31/25 at 1:28 pm to Penn
At 500k in w2 wages the rental losses will likely be limited and stacked for the future when they move back to lower tax brackets.
Not bad advice but, again, make sure you talk to a cpa before doing this so they can explain what it will look like.
Not bad advice but, again, make sure you talk to a cpa before doing this so they can explain what it will look like.
re: Creating a Roth IRA at 20
Posted by horsesandbulls on 12/31/25 at 1:25 pm to creamofcornsoup
You have until April 15 to contribute to the Roth IRA for 2025 so don’t feel like you have to get it done today. You’ll just designate what year the contribution is from when you make the contribution
re: Reading material request - stuck in the W2 trap
Posted by horsesandbulls on 12/31/25 at 9:52 am to dewster
Talk to a cpa.
When you say you are “getting killed with taxes” what exactly does that mean? Do you pay a lot in April every year?
Or are you just concerned with future taxes due to being a high earner?
Are you maxing your 401k contributions?
When you say you are “getting killed with taxes” what exactly does that mean? Do you pay a lot in April every year?
Or are you just concerned with future taxes due to being a high earner?
Are you maxing your 401k contributions?
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