What's in the mailbox? 📬 📦

jimilee said:
Nice job. I was on your side 😆, I knew you’d snifff it out.
Click to expand...
Well it was just a new twist on the Prince of Nigeria scam, the transfer of money to pay her credit card bill threw me off. Then I read somewhere that international transfers can be REVERSED. Can't remember if it said 45 or 90 days, but I'm sure the next bill will be back up to $17,000+

I'm just on cloud 9 right now. Morgan Stanley has a 2% guaranteed annual interest "savings account", so we'll put the proceeds from the house into that for about $12,000 a year.

I've enjoyed my bachelor life for the past 3 and a half years since my wife passed, but I'm ready for morning walks and evening bbq's with Lorraine....

One door closes, another door opens.
1731540722905.png
 
RetiredUnit1 said:
Well it was just a new twist on the Prince of Nigeria scam, the transfer of money to pay her credit card bill threw me off. Then I read somewhere that international transfers can be REVERSED. Can't remember if it said 45 or 90 days, but I'm sure the next bill will be back up to $17,000+

I'm just on cloud 9 right now. Morgan Stanley has a 2% guaranteed annual interest "savings account", so we'll put the proceeds from the house into that for about $12,000 a year.

I've enjoyed my bachelor life for the past 3 and a half years since my wife passed, but I'm ready for morning walks and evening bbq's with Lorraine....

One door closes, another door opens.
View attachment 85295
Click to expand...
That brings about a question. Will you have to pay capital gains taxes on the sell of the house
 
jimilee said:
That brings about a question. Will you have to pay capital gains taxes on the sell of the house
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Believe it or not, I know the answer!

Every person, or married couple has the option of using the "Once in a Lifetime Capital gains tax exemption" You take it once, and you pay no income taxes. My wife and I took ours when we sold my mom's house. My wife was a tax accountant, lol.

However, Lory has never taken hers so she'll be able to file for that.

My sister is going to leave me her house after she passes so I'll have to bite the bullet and pay those. A good friend of mine recently sold his mom's house, and BOY was he glad when I told him that!!!!
 
Nic said:
When it's too good to be true... glad you could avoid the worst.

On another note, received my brand new weller we1010na today.
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I bought one for my birthday. Home Depot had a killer price! Works great. Auto-sleep function can be annoying but saves energy.

I still have my 20 year old wesd51, and it works great but it's much slower warming up and what the hell it was my birthday so.....
 
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RetiredUnit1 said:
Believe it or not, I know the answer!

Every person, or married couple has the option of using the "Once in a Lifetime Capital gains tax exemption" You take it once, and you pay no income taxes. My wife and I took ours when we sold my mom's house. My wife was a tax accountant, lol.

However, Lory has never taken hers so she'll be able to file for that.

My sister is going to leave me her house after she passes so I'll have to bite the bullet and pay those. A good friend of mine recently sold his mom's house, and BOY was he glad when I told him that!!!!
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Actually iirc the once in a lifetime rule was abandoned in 1997. You are now always exempt when you sell your primary residence.
 
9ac3n6.jpg
 
PedalBuilder said:
Both state and federal. Most states have some form of a capital gains tax.
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Live free or die bruh.

Of course, that's why my property taxes are so high. There's no free lunch.

There are only eight states that do not tax capital gains:
  • Alaska
  • Florida
  • Nevada
  • New Hampshire*
  • South Dakota
  • Tennessee
  • Texas
  • Wyoming
*While New Hampshire does not tax income or capital gains, it does tax investment income such as interest and dividends.
 
RetiredUnit1 said:
Believe it or not, I know the answer!

Every person, or married couple has the option of using the "Once in a Lifetime Capital gains tax exemption" You take it once, and you pay no income taxes. My wife and I took ours when we sold my mom's house. My wife was a tax accountant, lol.

However, Lory has never taken hers so she'll be able to file for that.

My sister is going to leave me her house after she passes so I'll have to bite the bullet and pay those. A good friend of mine recently sold his mom's house, and BOY was he glad when I told him that!!!!
Click to expand...
Awesome, I did not know that, good information to have.
 
Erik S said:
Live free or die bruh.

Of course, that's why my property taxes are so high. There's no free lunch.

There are only eight states that do not tax capital gains:
  • Alaska
  • Florida
  • Nevada
  • New Hampshire*
  • South Dakota
  • Tennessee
  • Texas
  • Wyoming
*While New Hampshire does not tax income or capital gains, it does tax investment income such as interest and dividends.
Click to expand...
Oh well, hell. I didn’t know that either, I’m in TN.
 
nice mail day today!
I got a sweet care package from @Guardians of the analog. He sent me some spare enclosures, some pickups and most importantly, more stickers!

IMG_7235.JPG

I don't know what an Edgelord is but I guess I'm going to have to build it now! hahah

Also, the new workspace cabinet decorations is coming along......
IMG_7236.JPG

Also got some pickup magnets from Philadelphia Luthiery. Just popped some A5's in a pair of GuitarMadness A2 PAF's for a project. Much better!

IMG_7233.JPG

I have so many projects that I'm planning to do demo's for but my "low energy" is really cramping my style.
 
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