You're doing a fantastic job! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?

Isn't there a requirement that the proceeds from the margin loan be used to buy more securities to be deductible? What if it is used to buy real estate? What about broker loans against your account that are not margin loans, are they deductible as well?

@ 1.22 The video says Margin Income can be deducted against investment income , but you said margin interest can be deducted, I could have sworn that the margin loan itself, you don't pay taxes on? So margin isn't considered income?

Maybe a good idea to avoid confusion to confirm the country that the law your talking about refers to - in Aust there is NO restriction on the amount you can deduct. eg Salary $100000 - minus rental loss including ALL interest $20000 - minus interest on investment not yet making a distribution $5000 = taxable income $75000. Just a shame personal tax rates in Aust are obscene. Thats why 1 in 5 Aust own at least 1 rental property.

What if I moved out of the state in April but the sale was in October?

Hi there, I have a question on how the exemption is calculated. A friend of mine is claiming that the exemption is calculated after income. For example, if my yearly take home salary is $100,000, and I sell stock locking in a capital gain of $200,000, he claims I will owe 7% on $50k of it, since $100,000 + $200,000 = $300,000 - $250,000 = $50,000. Is he correct?

Great video, thanks. My wife will turn 70.5 late in the year (November 1). Do we have to wait until November 1 to make the QCD, or can we start doing it in the year she turns 70.5? For example, we give to our church monthly. We don't want to wait until November to give 11 months worth of offerings.

So that’s a yearly amount not per sale of stocks thank you

Thanks for this information! So just to confirm if I wire $360,000 to my fiancee & they use those funds to buy us a house that has both of our names on it, I need to report it, but I will not be taxed on it? I will only be taxed if I exceed the lifetime 13 mil, correct?

This will probably work for me but it is hard to separate margin interest based on assets vs the margin interest I use to live life.

i search but cant find.. what about short term capital gains tax from stocks? no tax or still tax?

Cap rates are a valuation metric for NOI. Your loan payment has nothing to do with cap rates.

Great video, clear and concise on a very confusing topic.

Interesting, thanks for sharing!

This is really great advice! It is easy to convert an old primary to a rental especially amidst a higher rate environment, but with a little bit of work the proceeds from the sale can yield a much higher rental return elsewhere. BUT it is a lot of work upfront to source good deals and deal with the sale and purchase of another (or multiple) homes.

Great info! Thank you. My company is in the process of issuing us out convertible bonds, and i'm getting myself educated. Thanks again!

Is there any pro rata implications if I have a traditional IRA and roth ira outside of my work plan. My 401k plan allows for pretax, roth and after tax plus in plan conversion. I would just convert my after tax contributions to the roth 401k option leave my pre tax contribution alone. Thanks

I was thinking the same thing.

An April announcement is not breaking news at the end of June.

Great explanation. This deduction method probably will not work for me, but it's good to know how it works.

Sad that they're allowed to tax social security when it was a tax to begin with.

Here comes a great rise

Not enough likes for me to like it 😢

Is it possible to not pay the interest? For example I got 1 stock worth 1K I borrow 500, then I get 6% anual interest, that interest I must pay it or can it just be paid in equity so then the margin call would be before (at 560$ valuation for company) Also with interest rates changing when does it apply and refresh to new interest rates? Thank you

No recession in 2024 trustme

The sky has been falling indefinitely from the birth of time😂

Re: "we had to strip down the linens and start the first load". I think you are forgetting about this little thing called physics. It takes 2-3 hours to clean a house and 3-4 hours do do all of the laundry. If you are starting the first load for the hosts then this is very courteous to the owners. Most guests will wash dishes and clean counters and things like that and this actually doesn't help the homeowner as much as starting laundry does. If you sweep the floors then that does almost nothing to help the homeowners as an extreme example (unless you spilled spaghetti or similar). If you want to go down to guests doing literally nothing but packing and leaving then the homeowner in that case could optimize by taking their list down to nothing and carrying sheets away if needed, but almost no guests do that. Many guests "help" by making the bed which actually makes things worse by making it harder to tell which beds have been used. If the homeowner asks you to start the first load then in a way that is a good thing because this is not one of the homeowners that skips washing the bed linens between guests. "bathrooms are in hotels, kitchens are in hotels" Maybe we haven't seen the same hotels? A hotel is generally around 200 square feet while a vacation rental is more likely to be 1800 square feet. Also, the distance you have to drive to the vacation rental is probably several miles, whereas the distance a maid has to go to a hotel room is probably 20 feet from the last room. Other than location, the value you get in a vacation rental is insane compared with a hotel, but this comes with costs. If you have ever tried to hire a plumber, you know the premium over minimum wage you have to pay to get someone you trust for a job that does not offer a 40 hour M-F work week. A vacation rental owner can frequently be put in the position of paying their cleaner more per hour than they earn themselves at their 9-5 job. At a hotel, this *is* the cleaner's 9-5 job. If the owner does a complete turnover after every group and charges 100 or 150 cleaning, there is a good chance they are breaking even or have a loss leader on their cleaning charges if the house is of good size. By the way, I manage 2 and the "family destination" one is really slow, but the lower priced "couple's retreat" option is doing well with the recent ownership restrictions.