Sorry you got a large check out of the blue that you have to pay taxes on!

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Jan 14, 2022
3:31:22pm

LiveCoug Intervention Needed

Sorry you got a large check out of the blue that you have to pay taxes on!

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LiveCoug

Bio page: LiveCoug
Joined: Aug 26, 2001
Last login: Apr 19, 2024
Total posts: 112,298 (11,347 FO)

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Messages

Author

Time

Just got a $25K check out of the blue from a family partnership investment. I

Hoopster

1/14/22 3:24pm

Nice humblebrag.

DiamondDog

1/14/22 3:26pm

This wasn't too humble. More like outright "look at me guys" brag.

1/14/22 3:33pm

Not a brag at all. It's more of a hassle right now for what may or may not be a

Hoopster

1/14/22 3:42pm

RE: Not a brag at all. It's more of a hassle right now for what may or may not be a

Baron

1/14/22 3:48pm

There we go. There's the humble part I was looking for.

ReyOso

1/14/22 3:57pm

Meh, not enough money to be a true brag

ldssdl

1/14/22 3:57pm

RE: Just got a $25K check out of the blue from a family partnership investment.

1/14/22 3:26pm

You’re complaining about having a significant interest in an FLP?

RdF3

1/14/22 3:26pm

That was gifted to him most likely. So free money.

1/14/22 3:32pm

congrats pres!

Sircumference

1/14/22 3:29pm

Sorry you got a large check out of the blue that you have to pay taxes on!

LiveCoug

1/14/22 3:31pm

That is the check for the taxes, means the gain is much more.

1/14/22 3:34pm

Oh, right, guess I should have not skimmed so fast.

LiveCoug

1/14/22 3:35pm

Complaining about a future inheritance makes me laugh.

1/14/22 3:31pm

Not complaining, it's just the tax situation gets worse every year and we are

Hoopster

1/14/22 3:35pm

One day distributions will start and you will be rolling in a ton of $$.

RdF3

1/14/22 3:35pm

It'll be easy for you. Just a K-1 to attach to your 1040. Should get it by March 15.

1/14/22 3:37pm

lol

lukeskywalker

1/14/22 3:55pm

Taxes don't get worse every year They go up and down and rinse and repeat. Sounds like a lack of perspective problem.

Baron

1/14/22 3:40pm

Worse from the standpoint of what we owe overall. As we are all nearing

Hoopster

1/14/22 3:44pm

Yes. As you make more money you owe more taxes. I've never had an issue with that. You know that You don't

Baron

1/14/22 3:47pm

Looks like we have a buyer:

ochobeeguy

1/14/22 3:33pm

You poor thing!

1/14/22 3:33pm

$25k is just the amount needed to pay your taxes on the gains, nice

BYUFootballisBack

1/14/22 3:39pm

Our executor always makes us do an A/B comparison and reimburses the difference

justAnotherCoug

1/14/22 3:41pm

Fun is that they took the rest of the proceeds, which are legally yours BTW and

Chester Copperpot

1/14/22 3:49pm

<< Deleted >>

OPINIONS

1/14/22 5:06pm

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