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hornmpa96

Certifiably Surly
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Everything posted by hornmpa96

  1. That’s correct. Your dad’s basis for depreciation purposes will be 400k in your example. When you and your sister inherit the house, your basis for depreciation will be the fair market value at the time of inheritance.
  2. He needs to start against RHP.
  3. I’m not exactly sure of what’s being asked here. Assuming the house is owned jointly, the surviving spouse should receive a step-up in basis for the 50% of the house received from the estate for federal income tax purposes. This happens through the federal estate tax law. The stepped-up basis is only useful for federal income tax purposes if the property is a rental or is sold. Also it should be noted that there are some potential limitations to utilizing a tax loss from rental activity. The owner may need to satisfy the active or material participation rules to deduct the loss. The homestead exemption is a Texas property tax concept and the 65-over exemption can be utilized by a younger surviving spouse.
  4. It’s really a shame to see that group of assholes struggling with this. They had a chance to be completely free from Trump after January 6 and lacked the courage. 90% of the R Senators would tell you behind closed doors that Trump has no business being anywhere close to the White House.
  5. Don’t give him too much credit. He went bankrupt running a casino. That’s not a strategy that actual smart people use.
  6. Time to start looking through game cam photos!
  7. You don’t pay taxes if every business venture you start loses money.
  8. HEB commercials with 3 injured Astros suck.
  9. Nutria sausage
  10. I’m guessing if the late payment isn’t reported to a credit agency then they will qualify.
  11. 40 lb bags of corn should go in the Enshittening Thread - I want 50 lb bags. My son and I are heading out to the ranch tonight to fix some wildlife water troughs, setup cameras and practice shooting my bow at distance.
  12. Mace and her current views can be directly traced back to the changes related to redistricting. Her district became more rural and red and she has changed her views to keep her seat. She had to defeat a Trump supported challenger in the 22 primary. Im guessing that she actually needs to keep up the grift and government checks to maintain her lifestyle. Her only focus is staying in office.
  13. She would never put potato salad in red beans.
  14. My Cajun wife would cut you if she heard this. She refuses to eat gumbo without potato salad. It’s definitely a thing in Southern Louisiana.
  15. I think they pull tortillas from the walk-in and put them straight in the plastic basket. Those tortillas have never seen the flattop grill.
  16. Isn’t the real answer - all insurance companies are terrible unless you are paying for the privilege of being with one of the carriers that caters to high net-worth customers? State Farm/Allstate/USAA are all the same. I need to start following Charlie Munger’s advice: “If you can afford to pay for repairs/issues out-of-pocket, self-insure and invest the amounts that you would have paid from premiums in the market.”
  17. With terrible gummy flour tortillas
  18. Any word on why they pulled Blanco? Just curious if it was the baseball hitting his hand or alternatively they are just trying to limit his innings. He was under 75 pitches when he was done with the 6th.
  19. Chas couldn’t get a hit in a beer-league softball game at this point.
  20. Why is Chad hitting here? Espada sucks.
  21. Trump doesn’t pay his bills. Competent people like to get paid.
  22. Harris should offer him an Ambassador to Chad. That’s the final and best offer.
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