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Weagle25
| Favorite team: | Auburn  |
| Location: | THE Football State. |
| Biography: | |
| Interests: | |
| Occupation: | |
| Number of Posts: | 46173 |
| Registered on: | 10/17/2011 |
| Online Status: | Not Online |
Recent Posts
Message
re: Some common myths about the markets that are untrue and/or 99% do not know
Posted by Weagle25 on 4/17/24 at 2:16 pm
[quote]And look no one knows the "real" person behind the usernames, is it maybe possible I am not an expert in this, sure, but maybe I am. Maybe I once reported to Warren Buffett at one of his subsidiary companies and am a CFA who overseas multi billion $ portfolios with an MBA from a top 20 school...
1
re: Some common myths about the markets that are untrue and/or 99% do not know
Posted by Weagle25 on 4/16/24 at 10:43 pm
[quote]Berkshire Hathaway's Top Holdings PAY DIVIDENDS. Including by far his largest holding AAPL. Berkshire Collects 2.1 Billion a year in dividends from AAPL,KHC,BAC alone. The S&P 500, Dow Jones, & Nasdaq all pay Dividends (SPY,DOW,QQQ).. Did you not buy NVDA a year ago because it pays a divide...
re: Tax Filing Extension
Posted by Weagle25 on 4/15/24 at 12:31 pm
[quote]With estimated taxes you avoid a penalty if you pay 90% of the current year's final number or 100% of the previous year's tax due whichever is lower by the 15th. It is shorthand for quarterly payers so as long as you pay 100% of the last year's total by the 15th you avoid any penalties but y...
re: Cam interview
Posted by Weagle25 on 4/14/24 at 8:45 pm
[quote]So why hold a belief that is false and casts a shadow over the greatness which is Auburn University and our fanbase?[/quote]
Again, I don’t hold a believe that we did it or didn’t do it. I wasn’t there and don’t know what actually happened.
[quote]I was fricking following ever single seco...
re: Cam interview
Posted by Weagle25 on 4/13/24 at 6:13 pm
[quote]Yikes. Imagine surrendering to the mob because it was the easy route instead of standing on your own beliefs. [/quote]
:lol:
1. What does it matter? What are we fighting for? Cam’s good. Auburn’s good. I’m good.
2. You literally have no clue what happened. Neither do I. And neither ...
re: tax deduction question
Posted by Weagle25 on 4/13/24 at 11:49 am
[quote]Agreed there are fundamental differences [/quote]
Well then don’t act like they’re the same thing.
[quote] Do you honestly think people should have to pay more taxes if caught in the situation I presented?[/quote]
I never argued for or against it.
But your argument was they were the...
re: Tax Filing Extension
Posted by Weagle25 on 4/13/24 at 7:41 am
Well then what’s your question? Drafting from your account is very common. ...
re: tax deduction question
Posted by Weagle25 on 4/12/24 at 11:01 pm
[quote]Probably true but why. both have risk[/quote]
There’s very clear differences in investing in the stock market and gambling. And if you don’t know them, then you probably don’t need to do either of them.
Investing in the stock market is an overall good for society and investors.
Gambl...
re: tax deduction question
Posted by Weagle25 on 4/12/24 at 10:53 pm
[quote]Follow up question - would stocks have the same affect as gambling in this situation? [/quote]
No. Netted before being included in income. ...
re: Tax Filing Extension
Posted by Weagle25 on 4/12/24 at 10:52 pm
No CPA in the world is going to pay the tax for the client. He probably meant draft it from your account. ...
re: Capital gains questions
Posted by Weagle25 on 4/12/24 at 12:37 am
New capital improvements add to your original basis.
Any depreciation you’ve taken as an expense lowers your original basis. When calculating your gain, a portion would be ordinary due to recapturing that depreciation. ...
re: Capital gains questions
Posted by Weagle25 on 4/12/24 at 12:35 am
[quote]Since you've owned the property for several years and you can prove that it is an investment property that will help get you a more favorable capital gains tax rate. Being that you intend to use the funds to pay off a mortgage that may also have less of a tax burden on the gains? [/quote]
...
re: Cam interview
Posted by Weagle25 on 4/11/24 at 6:56 pm
I think it’s more who gives a frick now. Did he gay paid? I have no idea. We won the championship, cleared of everything so who cares now.
Easier to just say yeah he got paid and move on. ...
re: Cam interview
Posted by Weagle25 on 4/11/24 at 6:55 pm
I watched both. He’s been pretty consistent that us having 22 seniors was a huge factor in his decision. Plus he viewed Auburn as more talented and he was just trying to get to the NFL.
The Relf story is him playing stuff up for entertainment. ...
re: Tax Filing Extension
Posted by Weagle25 on 4/10/24 at 11:04 pm
[quote]BTW, any overpayment of your taxes will just be applied to your 2024 estimate taxes.[/quote]
Doesn’t have to. You can still choose to have it refunded. Usually it’s just easier to apply to next year instead of fooling with waiting on the check just to issue another one.
Depends how big y...
re: Tax Filing Extension
Posted by Weagle25 on 4/10/24 at 11:01 pm
[quote]I don't remember the number, its something like 90% though. I think its like 90% of last year's income or 90% of this years, whichever is great. So if you went up exponentially then you need to estimate it, yes. If its close to last year then I think you can use last years.[/quote]
Those are...
re: Tax Filing Extension
Posted by Weagle25 on 4/10/24 at 11:00 pm
[quote]Shouldn’t my accountant tell me what that estimated number is though?[/quote]
Yes...
re: Tax Filing Extension
Posted by Weagle25 on 4/10/24 at 10:58 pm
[quote]My response was “wouldn’t you need to finish my return first to figure what that number is?”[/quote]
He’s going to figure out a rough guess at what you owe and have you pay it. Then true it up when he figures out the exact number.
Don’t like it? Don’t sit on your information until April ...
re: Cracker Barrel (CBRL) 52 week low today, $1.30 dividend, goes EX-Dividend tomorrow
Posted by Weagle25 on 4/10/24 at 9:21 pm
[quote]Depends on your goal. If you want to get in and out quickly you can snag the dividend and sell on the next green day.[/quote]
Seems like a terrible strategy to me.
I also hate the look of this stock. Looks like it’s at an all time low because they’ve halted their dividend hiking for 4 y...
re: tax deduction question
Posted by Weagle25 on 4/10/24 at 9:19 pm
[quote]wonder if everyone reports these winnings[/quote]
If you’re gambling through legit companies, you’re getting a W-2G and better pick it up because the irs already knows about it. ...
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