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Buying stuff from Best Buy, do they waive sales tax? : BudgetAudiophile
Main Post: Buying stuff from Best Buy, do they waive sales tax? : BudgetAudiophile
Buying tax credits
Main Post:
Has anyone here outright bought tax credits? What did you pay as a %? A public company is trying to sell me some right now, but at $.95 on the dollar. That doesn't make sense to me when a money market is at 4-5%.
I have done a lot of solar investing of which a key component is the tax advantages and am very familiar with it.
Edit: Just FYI this is in the $1-$5M range.
Top Comment:
Agree. It seems high and hardly worth it. But the specifics matter. I’m on the other side and generate tax credits as a real estate developer. Depending on the tax credit I might receive 70c on the dollar or as much as 93c when selling.
Also if you can buy the tax credit and use it right away then it becomes a 5 percent return in a short period of time.
Fc 25 is 29.88 after tax on PS4. Is it worth buying?
Main Post: Fc 25 is 29.88 after tax on PS4. Is it worth buying?
Top Comment:
no. it's a radioactive piece of trash.
Selling a profitable stock to offset a loss and buying it back immediately
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I can’t seem to find the answer to this question and was hoping someone here would know. I have a stock that is doing terribly and I’m going to sell it for a rather large loss. I have another stock that is doing fantastically. If I sell the stock that is doing great, I will realize a gain that is just about equal to the loss that I will experience in the stock that is terrible. Can I sell the stock that is doing well just to realize the profit so that I can write it off against the loss, and then buy the great stock back just about immediately? I have no intention of buying the losing stock back so it won’t trigger a wash sale.
Top Comment: Yes you can repurchase the stock with a gain immediately, provided you have the settled funds to do so. It's called tax gain harvesting.
My family member in Kentucky is about to lose thier home to delinquent property taxes and I need some advice. Has anyone experienced this?
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I have a family member who cannot pay their delinquent taxes in Kentucky and next week the taxes will be auctioned off. I am terrified for this family member because I do not want to see them lose their home. They are disabled and cannot work anymore and are trying to get disability and no one in the family has the $900 to even help them pay it. And they cannot setup a payment plan with the county because they defaulted on a previous one so the taxes will for sure be auctioned off to a third party purchaser? The home and all.
My question is, what happens when a third party purchaser bids and buys the tax certificate (and they most certainly will)?
Will like moving people come and move them out immediately or does it belong to the third party purchaser then or does it actually take them some time to forclose?
Is there some way they can get the taxes back and maybe even setup a payment plan from the third party purchaser? I am so sorry I am so naieve to this I am just scared and that they will lose their home immediately? I think they could come up with a payment plan if a third party purchaser would buy them and offer a payment plan, I just don't know how long it takes to forclose and there is no way short of a miracle they can get the money to pay the county the taxes by next week.
I guess my question is, how can they keep their home and can anyone give me a timeline on what will happen if purchased by a third party purcahser? I am literally having panic attacks over this because the property has been in the family for ages.
Thank you so much in advance for any advice.
Top Comment:
An entire family cannot come up with $900? Contact local homeless charities, the va if one is a vet, and maybe a local news channel.
Interested in buying a home in Tallahassee and keep seeing homes with crazy low property tax ($100/mo or less ...
Main Post: Interested in buying a home in Tallahassee and keep seeing homes with crazy low property tax ($100/mo or less ...
Property Taxes Question
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Pardon my ignorance. New first time homebuyer here...
When I buy a new home, will it get reassessed by the town upon purchase, thus my property taxes could change substantially vs what the previous owner paid? Or does it only get reassessed on a set interval, regardless of if it is sold/bought?
I ask because I come from CA where generally property taxes spike after a purchase, so I want to know whether I can reliably plan for a ~5% or less increase per year (depending on the town), or if I have to budget for a 50%+ increase compared to the previous owner's bill in year 1 of purchase like in CA.
Thanks in advance
Top Comment: The assessment is automatic as of October 1 every year, and all properties go through a more comprehensive town-wide revaluation every 5 years (with some exceptions). It’s not done at every transfer, but a purchase price will be a very important indicator during the next valuation.