Money Investing megathread extravaganza - Page 506

**DaFace** · 06:35 PM

A place to talk about investing stuff.

In58men · 02-20-2021, 01:47 PM

I must not have got the joke :/

**DaKCMan AP** · 02-20-2021, 01:50 PM

Quote:

Originally Posted by In58men

Correct, it’s basically similar as stocks. You can purchase, but won’t know when it’ll profitable.

Maybe somebody here has more knowledge, that’s why I ask.

No, it's not the same. When purchasing a stock you should have an expectation of return and the timeline. It's not guaranteed, that's why there's risk but you can use financial data of a company to forecast.

**Buehler445** · 02-20-2021, 02:01 PM

Quote:

Originally Posted by DaKCMan AP

No, it's not the same. When purchasing a stock you should have an expectation of return and the timeline. It's not guaranteed, that's why there's risk but you can use financial data of a company to forecast.

In theory you should be able to use fundamentals in commodity markets to forecast similar moves. It doesn't work, but I don't know the numbers compared to stock earnings.

But it's an entirely different thing. The goal of a stock is maximize net earnings, suggesting long term growth. The goal of a commodity market is merely to standardize trading. Structurally they cannot continually rise like a stock has the possibility to.

KCUnited · 02-20-2021, 02:31 PM

Am I reading the home office tax write off stuff correctly. That it only applies to the self employed?

Wife and I have 2 dedicated offices, not bedrooms doubling as offices, but true office spaces. Was hoping there was some type of write off for that based on sq ft.

scho63 · 02-20-2021, 02:54 PM

Quote:

Originally Posted by KCUnited

Am I reading the home office tax write off stuff correctly. That it only applies to the self employed?

Wife and I have 2 dedicated offices, not bedrooms doubling as offices, but true office spaces. Was hoping there was some type of write off for that based on sq ft.

I may be wrong with all the tax law changes but I thought if you had a home office and used it for your employer, you could claim the percentage of time you used it for business.

**Buehler445** · 02-20-2021, 03:08 PM

Quote:

Originally Posted by KCUnited

Am I reading the home office tax write off stuff correctly. That it only applies to the self employed?

Wife and I have 2 dedicated offices, not bedrooms doubling as offices, but true office spaces. Was hoping there was some type of write off for that based on sq ft.

So I’m taking it you are a W-2 employee and you want to deduct your office space. Am I understanding that correctly?

KCUnited · 02-20-2021, 03:11 PM

Quote:

Originally Posted by Buehler445

So I’m taking it you are a W-2 employee and you want to deduct your office space. Am I understanding that correctly?

That's right

**Buehler445** · 02-20-2021, 03:13 PM

Quote:

Originally Posted by KCUnited

Am I reading the home office tax write off stuff correctly. That it only applies to the self employed?

Wife and I have 2 dedicated offices, not bedrooms doubling as offices, but true office spaces. Was hoping there was some type of write off for that based on sq ft.

Quick research looks like that’s correct.

It did look like there was some tax free reimbursement opportunities if you could pry it out of them.

Quote:

Originally Posted by scho63

I may be wrong with all the tax law changes but I thought if you had a home office and used it for your employer, you could claim the percentage of time you used it for business.

That went away with the Last tax bill.

scho63 · 02-20-2021, 03:16 PM

Quote:

Originally Posted by Buehler445

That went away with the Last tax bill.

They're always ****ing the little guy!

KCUnited · 02-20-2021, 03:19 PM

Quote:

Originally Posted by Buehler445

Quick research looks like that’s correct.

It did look like there was some tax free reimbursement opportunities if you could pry it out of them.

Likely unintended but impeccable timing nonetheless

*I legit expired every possible spelling of impeccable that I could think of before finally Googling that bitch. RIP youth brain

**Buehler445** · 02-20-2021, 03:21 PM

Quote:

Originally Posted by scho63

They're always ****ing the little guy!

I get why they did it. Made the standard bigger and said all that other crap needs to go. Which as a guy that’s prepared a return I can agree with.

But I can’t believe they didn’t do ANYTHING for the WFH crowd, which affected a ****ton of folks. Now naturally all these employers now that they’ve figured it out are looking at it as the opportunity to eliminate rent expense on the backs of employees. Yay.

That’s a joke that there isn’t any tax relief for the WFH crowd. Incredible.

**Buehler445** · 02-20-2021, 03:22 PM

Quote:

Originally Posted by KCUnited

Likely unintended but impeccable timing nonetheless

*I legit expired every possible spelling of impeccable that I could think of before finally Googling that bitch. RIP youth brain

You know what? Until you mentioned it I had forgotten I once had youth brain.

Nirvana58 · 02-20-2021, 03:49 PM

For everyone in CCIV. Bloomberg just announced the deal is almost done and could be announced Tuesday. Stock is about to go crazy Monday.

**Rain Man** · 02-20-2021, 03:58 PM

Quote:

Originally Posted by KCUnited

Am I reading the home office tax write off stuff correctly. That it only applies to the self employed?

Wife and I have 2 dedicated offices, not bedrooms doubling as offices, but true office spaces. Was hoping there was some type of write off for that based on sq ft.

I could be wrong, but I think there's a secret downside to doing that sort of thing. If you eventually sell the house, then it has negative tax implications since you've essentially depreciated that space. At least, that's how it works with my apartment. If I ever sell my house, I'll have a big tax bill because I've been depreciating it for two decades (or whatever my account does with it).

Hammock Parties · 02-20-2021, 04:09 PM

Quote:

Originally Posted by Nirvana58

For everyone in CCIV. Bloomberg just announced the deal is almost done and could be announced Tuesday. Stock is about to go crazy Monday.

$150 within a month.

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $-1623101	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
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02-20-2021, 01:47 PM	#7576
In58men I didn’t say mud, I said crud. Join Date: Jan 2012 Casino cash: $-1321974	I must not have got the joke :/ __________________ Attendance Chief record 11-9
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02-20-2021, 02:31 PM	#7579
KCUnited Cheat Death Join Date: Nov 2007 Location: Land of Drincoln Casino cash: $-1361756	Am I reading the home office tax write off stuff correctly. That it only applies to the self employed? Wife and I have 2 dedicated offices, not bedrooms doubling as offices, but true office spaces. Was hoping there was some type of write off for that based on sq ft.
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02-20-2021, 03:49 PM	#7588
Nirvana58 Veteran Join Date: May 2010 Casino cash: $3005985	For everyone in CCIV. Bloomberg just announced the deal is almost done and could be announced Tuesday. Stock is about to go crazy Monday.
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