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money:taxes [2020/03/26 20:06]
admin [2020]
money:taxes [2020/04/04 18:13] (current)
admin [2020]
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   * https://​wealthyaccountant.com/​2018/​11/​05/​micro-business-and-side-gig-tax-guide/​   * https://​wealthyaccountant.com/​2018/​11/​05/​micro-business-and-side-gig-tax-guide/​
   * https://​wealthyaccountant.com/​2017/​04/​12/​it-pays-to-have-a-hobby/​   * https://​wealthyaccountant.com/​2017/​04/​12/​it-pays-to-have-a-hobby/​
 +  * 2018 Tax Cuts and Jobs Act made **hobby** expenses non-deductible. That changes a lot...spend away!
 +<​blockquote>​Are you a Hobby or business? It makes a difference. A hobby is by far the easiest way to report income. But no expenses are allowed while SE tax is avoided.</​blockquote>​
 ===== Trust and stuff ===== ===== Trust and stuff =====
 Living Trust lets you avoid probate fees. Need a piece of paper, with community property agreement. Living Trust lets you avoid probate fees. Need a piece of paper, with community property agreement.
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 | Total 2019 | $15000 | <​del>​$7000</​del>,​ $7644? | | Total 2019 | $15000 | <​del>​$7000</​del>,​ $7644? |
 | Quarterly | $3750 | <​del>​$1750</​del>​ $1911 guess |  | Quarterly | $3750 | <​del>​$1750</​del>​ $1911 guess | 
-| Apr 15 \\ Need to pay $2678 w/ cash, rest w/ CC'​s ​ | $250 w/ Delta Amex on Pay1040 \\ Due July 15 [[https://​www.irs.gov/​newsroom/​payment-deadline-extended-to-july-15-2020|here]] | 62 paid already using alliant CC \\ $171 with work bonus debit|+| Apr 15 \\ Need to pay $2678 w/ cash, rest w/ CC'​s ​ | $250 w/ Delta Amex on Pay1040 \\ Due July 15 [[https://​www.irs.gov/​newsroom/​payment-deadline-extended-to-july-15-2020|here]] | 62 paid already using alliant CC \\ $171 with work bonus debit \\ 979 on PNC CC, 699 on BBVA CC|
 | Jun 15 | | | | Jun 15 | | |
 | Sep 15 | | |  | Sep 15 | | | 
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 === Donations === === Donations ===
 $50 Feb 4 for West Valley trip $50 Feb 4 for West Valley trip
 +$785 Mar 28 for Kickstart.
 +
 +=== TLH ===
 +Sold $18K of VOO ($3K of short term losses) for VTI on April 6. Will increase VTI allocation to ensure incoming money doesn'​t go into VOO.
 +
 +Turned off auto invest for Roth IRA and taxable account, just in case. Only need to worry about wash sale for VOO.
 +
 ==== 2019 ==== ==== 2019 ====
 It's helpful for Mr. Domes to review the numbers with all the forms and individually indicated on the Schedule ... D?  It's helpful for Mr. Domes to review the numbers with all the forms and individually indicated on the Schedule ... D? 
money/taxes.1585278372.txt.gz · Last modified: 2020/03/26 20:06 by admin