**** Official Tax Season Discussion Thread ****

[Millennial_Messiah]

I'll have my 2018 form 1040 very soon (from Intuit TurboTax), hopefully in the next week or two.

I made $109K and change from a combined four W2s in 2018 and have a tax break from a pretty big capital business loss from 2017-18. Standard deduction, filing married jointly, still waiting on her W2s in the mail because she doesn't use ADP like I do because she's boring and non-technical.

I'm also going to get all my money back from North Carolina filing that state tax return because I never actually worked in NC. Son of a bitch for that company trying to screw me, a TX resident and employee, over like that.

[Will Hunting]

I'll have my 2018 form 1040 very soon (from Intuit TurboTax), hopefully in the next week or two.

I made $109K and change from a combined four W2s in 2018 and have a tax break from a pretty big capital business loss from 2017-18. Standard deduction, filing married jointly, still waiting on her W2s in the mail because she doesn't use ADP like I do because she's boring and non-technical.

I'm also going to get all my money back from North Carolina filing that state tax return because I never actually worked in NC. Son of a bitch for that company trying to screw me, a TX resident and employee, over like that.
Unless you’re offsetting cap gains income you can’t take a capital loss in excess of $3,000, so not sure what you’re expecting from the “big capital business loss”.

[Millennial_Messiah]

Unless you’re offsetting cap gains income you can’t take a capital loss in excess of $3,000, so not sure what you’re expecting from the “big capital business loss”.

Correct on the $3,000 from personal capital losses - but if you have losses under an officially registered LLC that is not the case.


I have $3k coming off last year and this year from a bad investment (wholesale deal gone wrong) before I started using an LLC... with the remaining $600 or so to come off the books next year. But when I file business taxes as a sole proprietor, sale of business property gain/taxes counts as personal income for tax purposes. That includes the house where I lost over $30k on counting all the expenses and closing costs.

[BD24]

Unless you’re offsetting cap gains income you can’t take a capital loss in excess of $3,000, so not sure what you’re expecting from the “big capital business loss”.
Talking out of his ass per par.

Let's be honest that 109k is more likely 10,900 across 4 minimum wage jobs.

[Will Hunting]

Talking out of his ass per par.

Let's be honest that 109k is more likely 10,900 across 4 minimum wage jobs.
It sounds like he’s falsely declaring a home that was primarily for personal use as a business asset simply because it’s owned through an LLC.

Thats actually tax evasion but with how much of a mess the IRS is right now it might not get flagged.

Still doesn’t make sense to me because a single member LLC is a disregarded entity for tax purposes, there’s no reason why a capital loss on an asset owned by a single member LLC would be treated any differently than a capital loss suffered by the individual member himself.

[SpursforSix]

It sounds like he’s falsely declaring a home that was primarily for personal use as a business asset simply because it’s owned through an LLC.
.

It sounds like he’s making shit up and then having to make up more shit when he learns that the first shit had holes in it.

[Will Hunting]

It sounds like he’s making shit up and then having to make up more shit when he learns that the first shit had holes in it.
Agreed, and it’s funny to see the levels of self deprication he’ll reach just to keep his story straight. Only a truly remarkable retard would have lost 30k on a house in North Dallas, the value of houses in that area have only gone up the last several years :lol

[140]

Agreed, and it’s funny to see the levels of self deprication he’ll reach just to keep his story straight. Only a truly remarkable retard would have lost 30k on a house in North Dallas, the value of houses in that area have only gone up the last several years :lol
:lol

[SpursforSix]

Agreed, and it’s funny to see the levels of self deprication he’ll reach just to keep his story straight. Only a truly remarkable retard would have lost 30k on a house in North Dallas, the value of houses in that area have only gone up the last several years :lol

Lol. Agree it’s all bullshit. But if someone were to fuck up a real estate deal that badly in that market, it would be MM. I’m sure he’ll now make up a convoluted story as to how it went down.

[Mark Celibate]

rofl not even m>s could make up a more convoluted life story than Millenial Messiah

[DJR210]

LMAO this clown has taken the "fake internet life" crown from from Koolaid Fag

[koriwhat]

rofl not even m>s could make up a more convoluted life story than Millenial Messiah

lol where have you been hiding?

[Will Hunting]

Just did my taxes and I under withhheld by 20k. That hurts.

[Millennial_Messiah]

It sounds like he’s falsely declaring a home that was primarily for personal use as a business asset simply because it’s owned through an LLC.

Thats actually tax evasion but with how much of a mess the IRS is right now it might not get flagged.

Still doesn’t make sense to me because a single member LLC is a disregarded entity for tax purposes, there’s no reason why a capital loss on an asset owned by a single member LLC would be treated any differently than a capital loss suffered by the individual member himself.

You're correct that if it was as per your description/used for personal residential use that TurboTax would not count it as a deduction (regardless if it's in your name, someone else's name or an LLC or any other entity). It gives the phrase "sorry, but this loss on the sale of a house you lived in is not deductible" -- this was the exact message I got based on the $10K or so loss on the sale of the house I lived in until selling it this past spring. You're right on that.

What I'm talking about is on a business property that is NOT for residential/personal use, could be a fix-flip, rental, land, or another type of property, as long as it's a long-term (>1 year from buy to close) investment that the filer/investor never actually lived in or planned to live in, it is deductible. Intuit, ADP and the IRS work closely together and the specific algorithms on TurboTax make it virtually impossible to accidentally commit tax fraud. And even intentional tax fraud (i.e. fudging numbers on tax forms) 99.9% of the time gets blocked by their system and they make you fix it (for free) before you resend the 1040. Last year, I made an accidental mistake on a number (actually a fairly irrelevant one) and I got the email "IRS form rejected" because the system bounces that the information is not per IRS records given your SSN/DOB on file and make you fix it before they will process it. So if you file with Intuit you'd have to really try hard to commit tax fraud or evasion.

Also, the business property house was not in North Dallas... or anywhere in Texas for that matter. The house I lived in was, and you're 100% right that it was not deductible. The loss on the OOS business property came from me wiring a shitty contractor roughly $30k and he took it and stopped contacting me. [Since there's a wire, there's an easy receipt if the system wants me to prove the loss.] Bad mistake on my part, but now I know better.

[Millennial_Messiah]

Just did my taxes and I under withhheld by 20k. That hurts.

I actually think it's better to under withhold than over. Yes you pay taxes due, but you can do it online now which is live-saving, but the big thing is it's interest free as long as you pay by April 15th or less. You basically got an interest free loan from the IRS last year. Also, if you're married, you never want to over-withhold because then she'll want half your refund even if she didn't make even 1/4 as much money as you did... bullshit.

[Will Hunting]

Also, the business property house was not in North Dallas... or anywhere in Texas for that matter. The house I lived in was, and you're 100% right that it was not deductible. The loss on the OOS business property came from me wiring a shitty contractor roughly $30k and he took it and stopped contacting me. [Since there's a wire, there's an easy receipt if the system wants me to prove the loss.] Bad mistake on my part, but now I know better.
That wouldn't be a capital loss from the sale of property then, it'd be a casualty/theft loss, which is indeed tax deductible.

[Millennial_Messiah]

That wouldn't be a capital loss from the sale of property then, it'd be a casualty/theft loss, which is indeed tax deductible.

Either way you do it. According to my OOS realtor who ended up getting a guy to buy that house after I finally got it fixed nice (he has 20 years experience) it can still qualify as a construction cost. His wife is a managerial CPA and he offered cheap help there if I ever needed it in the future. It would be a lot tougher if I had paid him cash or personal check or Venmo or something like that, but since there is a wire it's all good. (Still bad that I lost that money... but I did call the Columbus police department at the time I found out he took it and ran, so there are records.)

[Millennial_Messiah]

As I promised everyone I will post my full 2018 tax return to prove to everyone on here that I'm not lying about my life. Just like I posted my grades back in 10th and 11th grade when I was using the guitardude27 handle.

[I'll black out the personally indentifiable info, of course.]

[SpursforSix]

As I promised everyone I will post my full 2018 tax return to prove to everyone on here that I'm not lying about my life. Just like I posted my grades back in 10th and 11th grade when I was using the guitardude27 (https://www.spurstalk.com/forums/member.php?u=23174) handle.

[I'll black out the personally indentifiable info, of course.]

I think if you just quit posting, everyone would be satisfied.

[Millennial_Messiah]

I think if you just quit posting, everyone would be satisfied.

Not gonna happen, I'm a reg & here to stay, until many millennia after the deaths of your great-grandchildren.

[BD24]

I think if you just quit posting, everyone would be satisfied.
:lol tbh

[Xevious]

As I promised everyone I will post my full 2018 tax return to prove to everyone on here that I'm not lying about my life. Just like I posted my grades back in 10th and 11th grade when I was using the guitardude27 handle.

[I'll black out the personally indentifiable info, of course.]
But here's the thing... nobody gives a fuck. You're constantly posting shit about your personal life, real or not, using this board as your own personal diary, desperately seeking attention. That's why people get annoyed, you flip every topic around and make it about you.

[Mitch]

:lol fake it until you make it, eh Andrew

[Allan Rowe vs Wade]

paying taxes is for pussies and assholes

[spurraider21]

remember when splits posted his w2? :lol

[Xevious]

remember when splits posted his w2? :lol
Splits did it to piss people off iirc. Andrew is just starving for attention.

[Trill Clinton]

Glad to see everyone on ST is still balling out of control.

[SpursforSix]

Glad to see everyone on ST is still balling out of control.

Bend over, I'll fucking show you balling out of control

[RD2191]

remember when splits posted his w2? :lol

:lol shit was epic

[Millennial_Messiah]

paying taxes is for pussies and assholes

Tax evasion is for bigger pussies and assholes. Ever drive into a giant pothole on a major highway going 75 mph? I didn't think so.

[Allan Rowe vs Wade]

Tax evasion is for bigger pussies and assholes. Ever drive into a giant pothole on a major highway going 75 mph? I didn't think so.

tax avoidance, muppet

[Millennial_Messiah]

Okay, I'm wrapping up the taxes tonight and......... gulp, has anyone else had this type of situation happen to them before?


https://i187.photobucket.com/albums/x85/hurriandrewfury1209/Predic_zpsejphdkna.jpg


<edit> I think @spurraider21 called it this past summer :wow

[Mitch]

Okay, I'm wrapping up the taxes tonight and......... gulp, has anyone else had this type of situation happen to them before?


https://i187.photobucket.com/albums/x85/hurriandrewfury1209/Predic_zpsejphdkna.jpg


<edit> I think @spurraider21 called it this past summer :wow

you shouldn't use photobucket, andrew hansen :lol

[SpursforSix]

Okay, I'm wrapping up the taxes tonight and......... gulp


Quit sucking dick long enough to finish your taxes

[SpursforSix]

you shouldn't use photobucket, andrew hansen :lol

Surely he didn’t. He’s a computer expert.

[Mitch]

Surely he didn’t. He’s a computer expert.

tbh im sure hurricane andrew fury knows what he's doing
http://s187.photobucket.com/user/hurriandrewfury1209/library/?sort=3&page=1

[Mitch]

:lol
https://www.ign.com/boards/threads/holy-shit-wul-how-do-you-get-from-this-to-this-calculus-derivatives-related.453764581/

[SpursforSix]

Well...there is a confirmed Andrew Hansen, age 23, Denton.

[Mitch]

Well...there is a confirmed Andrew Hansen, age 23, Denton.

tbh it cant be his real name, you gotta be pretty fuckin retarded to be linking a photobucket with your name on it :lol

[SpursforSix]

tbh it cant be his real name, you gotta be pretty fuckin retarded to be linking a photobucket with your name on it :lol

Especially after the Larry thing.

[Millennial_Messiah]

Well...there is a confirmed Andrew Hansen, age 23, Denton.

Still says Denton... wtf? And I'm 24 almost 25 so that's stupid AF

[Mitch]

Still says Denton... wtf? And I'm 24 almost 25 so that's stupid AF

tbh andrew hensen, you kinda lie a lot on here :lol

[resistanze]

Did Millennial Messiah just get exposed? :lmao

[Will Hunting]

tbh im sure hurricane andrew fury knows what he's doing
http://s187.photobucket.com/user/hurriandrewfury1209/library/?sort=3&page=1
:lmao:lmao Yugioh cards

[SpursforSix]

Still says Denton... wtf? And I'm 24 almost 25 so that's stupid AF
Maybe it’s the wrong one. What’s your parents names?

[Millennial_Messiah]

:lmao:lmao Yugioh cards

Notice when they were posted. Circa 2010-2012. High school.

[Millennial_Messiah]

Also, my tax return already got accepted, even though I filed 12 hours ago. Yippee!! I guess the IRS isn't super backed up yet because most people don't actually file ON January 31st.

[SpursforSix]

Notice when they were posted. Circa 2010-2012. High school.

there's no pictures of guitars and shit. wtf

[Millennial_Messiah]

there's no pictures of guitars and shit. wtf

I was only emo for less than a year, that was a stage in early high school. Lol.

[SpursforSix]

I was only emo for less than a year, that was a stage in early high school. Lol.

what does emo have to do with calling yourself "guitar dude". I'd have thought there'd have been plenty of picks of cool axes.
Man I'm disappointed.

[resistanze]

Also, my tax return already got accepted, even though I filed 12 hours ago. Yippee!! I guess the IRS isn't super backed up yet because most people don't actually file ON January 31st.

They started processing on January 28. My filing was already approved with refund coming on Tuesday.

[Millennial_Messiah]

They started processing on January 28. My filing was already approved with refund coming on Tuesday.

Nice. My filing was approved and I owed so I scheduled to pay directly from bank account (no fees) this coming Wednesday. This is for IRS taxes. I don't how how/when I get my North Carolina refund, though?

[Mitch]

:lol
https://www.ign.com/boards/threads/what-type-of-underwear-do-you-wear-the-most-often-poll.453865937/#post-490643143

[Millennial_Messiah]

:lol
https://www.ign.com/boards/threads/what-type-of-underwear-do-you-wear-the-most-often-poll.453865937/#post-490643143

what, because I wear briefs? Or because I tried panties on once as a 12/13 year old boy just like every 12/13 year old boy does at one point?

[Mitch]

what, because I wear briefs? Or because I tried panties on once as a 12/13 year old boy just like every 12/13 year old boy does at one point?

Are you on the spectrum, andrew?

[Millennial_Messiah]

Are you on the spectrum, andrew?

No. But stop digging up shit from 2013 and 2014 on a different board. That's #tardlife

[Mitch]

No. But stop digging up shit from 2013 and 2014 on a different board. That's #tardlife

tbh i just find it ironic that somebody who constantly praises themselves for being a millennial would use photobucket...

photobucket is the shit I used when I was a kid :lol

[Will Hunting]

what, because I wear briefs? Or because I tried panties on once as a 12/13 year old boy just like every 12/13 year old boy does at one point?
There’s no way this is a serious post. This trolling shtick had a nice run but you made it too obvious here.

[SpursforSix]

There’s no way this is a serious post. This trolling shtick had a nice run but you made it too obvious here.

x2. I got a laugh out of it but agree that it's gotten old.

[Mitch]

There’s no way this is a serious post. This trolling shtick had a nice run but you made it too obvious here.

im skeptical too, tbh. Starting to think MM/unt has a very dedicated shtick going on to fuck with guitardude :lol

[Will Hunting]

im skeptical too, tbh. Starting to think MM/unt has a very dedicated shtick going on to fuck with guitardude :lol
I think it’s the same person but it went from being serious posts to a shtick at some point.

[Mitch]

I think it’s the same person but it went from being serious posts to a shtick at some point.

guess the only question is what is real about andrew at this point

[SpursforSix]

I think it’s the same person but it went from being serious posts to a shtick at some point.

I think the shtick was his defense mechanism once he realized how stupid his initial posts were.

[Will Hunting]

I think the shtick was his defense mechanism once he realized how stupid his initial posts were.
Yeah that’s what I was thinking too, he made it a shtick to muddy the waters so it’s not clear what is or isn’t real.

[Mitch]

makes sense, tbh. dude can't seriously be as much of a loser he puts himself out to be :lol

[SpursforSix]

makes sense, tbh. dude can't seriously be as much of a loser he puts himself out to be :lol

he's probably super confused as to what to do next. Likely hiding under his blanket intermittently giggling, crying, and masturbating while reading SpursTalk.

[Mitch]

he's probably super confused as to what to do next. Likely hiding under his blanket intermittently giggling, crying, and masturbating while reading SpursTalk.

He's probably writing out his next tall tale to tell us, tbh. Probably will start telling us he met "the one" again and say he get married again :lol

[resistanze]

Nice. My filing was approved and I owed so I scheduled to pay directly from bank account (no fees) this coming Wednesday. This is for IRS taxes. I don't how how/when I get my North Carolina refund, though?

No clue - I'm in California and got my direct deposit today. Fuck that was fast.

[HarlemHeat37]

He's probably writing out his next tall tale to tell us, tbh. Probably will start telling us he met "the one" again and say he get married again :lol

He's the best thing going on this forum IMO..

It used to be Avante until we found out the sad truth about him and that he wasn't actually running a shtick..

[Will Hunting]

He's the best thing going on this forum IMO..

It used to be Avante until we found out the sad truth about him and that he wasn't actually running a shtick..
We haven’t had a quality GNSF on this site to troll since Horse , the 2012 Horse meltdown was epic :lol

[HarlemHeat37]

We haven’t had a quality GNSF on this site to troll since Horse , the 2012 Horse meltdown was epic :lol

I completely forgot about that poster:lol

IIRC, he was like a Hispanic koriwhat with his meltdowns..

[benefactor]

Didn't Horse and m>s agree to fight each other once? Then there was the whole massage therapy thing.:lol

[Millennial_Messiah]

he's probably super confused as to what to do next. Likely hiding under his blanket intermittently giggling, crying, and masturbating while reading SpursTalk.

Masturbating? Nope, just went for a "ride" with the pretty naked lady having a nap on the couch about 5 yards away.

[BD24]

I found an Andrew Hanson in Denton who went to UNT, seems about the the right age, and....works at Bed Bath and Beyond :lol

Has a fat girlfriend as well :lol

[Mitch]

I found an Andrew Hanson in Denton who went to UNT, seems about the the right age, and....works at Bed Bath and Beyond :lol

Has a fat girlfriend as well :lol

:lol bed bath and beyond paying 100k now?

[140]

:lol

[BD24]

:lol bed bath and beyond paying 100k now?
He’s a replenish associate, whatever the fuck that is :lol.

shit if it pays six figures sign me up

[Mitch]

He’s a replenish associate, whatever the fuck that is :lol.

shit if it pays six figures sign me up

guy votes for beto too, looks like what'd id expect tbh :lol

[BD24]

guy votes for beto too, looks like what'd id expect tbh :lol
That whale of a gf though :lol

[SpursforSix]

Masturbating? Nope, just went for a "ride" with the pretty naked lady having a nap on the couch about 5 yards away.

I wouldn’t go so far to call your mom, “pretty”. Maybe the better word is “substantial”.
Hey...did you find a N64 controller up in there?

[SpursforSix]

He’s a replenish associate, whatever the fuck that is :lol.

shit if it pays six figures sign me up

Replenish associate? Lmao. Everyone is some kind of associate or manager nowadays.

[BD24]

Replenish associate? Lmao. Everyone is some kind of associate or manager nowadays.
Sounds like someone that restocks the supply tbh. So basically a warehouse or back of house associate. Good place to keep a socially awkward dumb ass like Andrew tbh :lol

[SpursforSix]

Would be funny as fuck if that real Andrew Hansen became a Spurs fan and joined the site to see all this.

[SpursforSix]

Sounds like someone that restocks the supply tbh. So basically a warehouse or back of house associate. Good place to keep a socially awkward dumb ass like Andrew tbh :lol

That’s exactly what it has to be. “Andrew...the pillow bin is getting low.”

[SpursforSix]

Here’s the job description...

A replenishment associate must have the ability to stand for a long time and the capacity to perform heavy lifting. She must have excellent communication skills, as she'll interact with fellow associates and customers. A replenishment associate must perform basic functions, including reading, writing and counting.

[Mitch]

:lol

[SpursforSix]

Andrew...the guitar playing, pillow replenishing, panty wearing computer programmer.

I guess I’d be whiny as fuck also.

[Millennial_Messiah]

guy votes for beto too, looks like what'd id expect tbh :lol

Nope, I voted for Cruz, but keep trying.

[Mitch]

Nope, I voted for Cruz, but keep trying.

Sure, Andrew :lol

[BD24]

Sure, Andrew :lol
It seems he goes by Andy tbh.

[Millennial_Messiah]

Dumbass OP. :lol

Never ever EVER post anything online unless you make it a throwaway account and even then it's iffy as fuck. :lol

Everything has metadata too. :lol

Cool story bro. Beer tonight?

[Mitch]

Cool story bro. Beer tonight?

Why is a "milenial" using photo bucket is what I'm wondering. That's something we used around like 2004 :lol

[koriwhat]

Why is a "milenial" using photo bucket is what I'm wondering. That's something we used around like 2004 :lol

lmao but imgr is old news too...