3 жыл бұрын
3 жыл бұрын
3 жыл бұрын
3 жыл бұрын
3 жыл бұрын
3 жыл бұрын
Пікірлер
@BEAUTIFULDIANAFRANCIS Ай бұрын
Exploring U.S stock trading from Australia changed how I view investing. With a 30% surge, I gained about $50,000 But it also revealed the complexity of its market factors it demands skill and strategy.
@ReginaldsKeiths Ай бұрын
It is a bit different but nothing too complicated that makes it too difficult to manage after some awareness of it all. Cheers
@ConradsViveiroses Ай бұрын
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks...
@ConradsViveiroses Ай бұрын
@IveirosesRyckmans Oh please I’d love that. Thanks!
@ConradsViveiroses Ай бұрын
@IveirosesRyckmans Great , i will do that now . Thanks for sharing
@dapfitz5 2 ай бұрын
bullshi# ass goverment !!
@Cableman-hr2uu 2 ай бұрын
a lot of people doing this kind of video didn't mention in advance what country they are talking about because different country has different rules and tax implications.
@itguru2037 3 ай бұрын
You don’t pay taxes on inherited property
@elyon9329 3 ай бұрын
Article 22 of The 1836 Treaty of Peace and Friendship between the United States and the Moroccan Empire 🇲🇦. Christians you might want to read (The Christian Black Codes of 1724.) Treaty of Tripoli, Article 11. Chapter 47 of the Holy Koran of the Moorish Science Temple of America. Source: Article VI of The organic Constitution (for) the united states of America. Public Law 97-280.
@NoxturnalArt 4 ай бұрын
AND I AM MOVING OUT
@NoxturnalArt 4 ай бұрын
HOUSE PAID OFF
@NoxturnalArt 4 ай бұрын
what about primary residence in florida if i deed it 100% to my son and wants to live in it, ANY CAP GAIN or GIFT TAX
@FinanceonaBudget 3 ай бұрын
I am not in Florida, but from what I generally know, it works like this: If you bought your house at $100,000, and sell it at $300,000, you owe long term capital gains on that $200,000 difference. If you gift it to your child, I'm pretty sure he would hold the same tax burden. However, if you pass it along at death, the new step-up is $300,000, so he would not pay any taxes unless it goes up since your death.
@PS27760 4 ай бұрын
You do NOTHING. I quit taking hypothyroid meds. Cant afford it. If I die, i die. I don't care anymore.
@markdavis8888 5 ай бұрын
Being your own property manager is only a little better than being your brain surgeon. Always hire a good property management company. They usually get better deals on contractors and that will more than pay for the 10% they charge.
@Randa-tv9pm 5 ай бұрын
My home is all paid off ; I paid it off almost 15 years ago in January 2010 ; I was 38 years old ( I’m 53 now) I paid my $95,000 principal off via my insurance payment from an accident involving a dog when I was 10 years old ; A great big relief off my shoulders!!!! 😀
@MichaelCamacho-l9g 5 ай бұрын
What about 30 year old homeless people
@richardbeto1615 5 ай бұрын
Why does medicaid have anything to do with inheriting a house?
@GhostSquadTeam 5 ай бұрын
Watching all your videos and already being in ETF, this is a great channel, then I watch this video, and see it contradicts all of the other videos. Your message is becoming blurred with different statements without a common theme as an educator. Take moneysense coach potato articles, they always have 1 direction and continues their standpoint from the stand position regardless of the finance topic. Just an FYI post. Great video overall just confusing to your other videos.
@WarbirdPylonRacer 6 ай бұрын
What if (in California) my parents originally purchased their house for $100k and when they pass it's worth $2M and I inherit the property and move into it. Will I be obligated to pay property taxes on the $2M or can I take over the last amount they were paying?
@julijulibobooli 6 ай бұрын
I’m going to try the prepaid card system idea! Thanks
@ambera8319 3 ай бұрын
I like that too! Then I could still use those cute label envelope wallets!
@danj7290 6 ай бұрын
Clean high quality video awesome keep up the good work
@SILPANPATEL 7 ай бұрын
Hi I would like to know about leverage short eft. Please make a video for it. Thanks
@PS27760 8 ай бұрын
I'm pre diabetic. Cant afford ins. When I get full diabetes I won't be treated. I will allow myself to die. No preaching about community health centers. They are awful.
@PS27760 8 ай бұрын
I have to choose a place to live OR insurance.
@judyjudy01985yahoo 9 ай бұрын
What do you do when you had fallen embezzlement done? I need an attorney for Massachusetts.
@njcanuck 9 ай бұрын
Title screen has typo -"burdons" should be "burdens"
@hproart7407 9 ай бұрын
Hi, I liked your videos. Your tutorials of the art retouching studio are so useful. I had searched on your website, instagram and facebook for checking. I thought you were facing economic issues. I hope you are alright. Thank you.
@FinanceonaBudget 9 ай бұрын
I was active on the art of retouching from 2011 to 2016. I went back during the pandemic, like I did this channel. But I was very busy and chose my battles. But I am rebuilding my retouching website, and it's going to be something really great again. I just came on to this channel for hahas, as I haven't posted a new video in years. You tube still like to post some of my videos, so I keep gaining followers. Pretty crazy, but keep checking in on me. New things to come.
@KARLOS121 10 ай бұрын
How many times in a year can you take profits out of an ETF?
@FinanceonaBudget 9 ай бұрын
Each ETF is going to have a separate distribution schedule of the dividends. It might be quarterly, or it might be yearly. But it's always fun to log into your account and realize that you have a few extra dollars on it
@h20bearboy65 10 ай бұрын
what about putting House into a trust that specifies transfer to child when parents die?
@FinanceonaBudget 9 ай бұрын
This is a perfectly fine thing to do, you just need to think about some of the hoops that need to be jumped through to make it happen. For example, There needs to be someone in charge of the trust. It should not be a sibling because fights can always break out. Rather, it should be a trusted family member, but also someone not directly involved in the child's life. Meaning , if they see them every year or two that's fine. If they see them every week, that's a bad idea. Also consider giving the trusted family member extra bonus in the will for doing the task of maintaining the trust. If you have other questions, just ask.
@AnasKhan-uw7vf 10 ай бұрын
via filing through turbotax and TaxAct we do not need EFIN and PTIN to file ?
@colleenlouise4521 10 ай бұрын
life estate is what I have. why didn't you mention this?
@FinanceonaBudget 9 ай бұрын
A life estate is good if you have a solid relationshop together. However, if either party stops caring for the property (perhaps vindictive), things can become a legal mess.
@ColtonJohnsonBrice09 10 ай бұрын
Best video on this topic! Thank you!
@FinanceonaBudget 9 ай бұрын
Thank you. Funny how I created like 50+ videos, do this topic, and it blows up compared to everything else.
@ScottLive1 10 ай бұрын
What if I sell an inherited property immediately but it is sold below fair market value at a loss. Can I deduct the difference from my taxes?
@FinanceonaBudget 9 ай бұрын
Interesting question. Pretty sure only if it was never used for personal purposes. If the amount of the capital loss exceeds your total capital gains for the year, you may be able to use up to $3,000 of the remaining losses against ordinary income. In addition, any remaining losses can be carried forward into future years until they are exhausted.
@ThisOldMan-ya472 10 ай бұрын
For a professional, offering KZbin advice, would it not be wise to state some important facts at the beginning of the video: Country, state, year and a disclaimer that all information is current at the time of posting? I just watched this video in Canada, three years later, and none of this information is accurate. I was three minutes into the video before discovering if this was USA or Canada content.
@FinanceonaBudget 9 ай бұрын
Yeah, that would be good to know. As an American, I refuse to acknowledge there is anywhere else in the world. We have horse-blinders on most of the time.
@jeangreen432 10 ай бұрын
For my small bit of assets I'm using a TODD (Transfer On Death Deed) for my home and a POD for bank accounts. No need for probate or a trust. I realize everyone's situation is different though.
@FinanceonaBudget 9 ай бұрын
If you are the only heir, yes, this is fine. If anything needs to be split, nobody can a joint signer (bank) or name on the house deed. In that case the estate would not be clean-cut anymore, and people start suing each other. It gets nasty sometimes.
@TheSimmpleTruth 10 ай бұрын
This is all resumed as such: we always lose.
@VVS_Solar.Flare0417 10 ай бұрын
I used taxslayer for my 2021 taxes, and it was great. Then used it for 2022 taxes, and I somehow owed the fed gov 18 dollars… idk what happened
@VVS_Solar.Flare0417 10 ай бұрын
I’m scared to use it again this year
@miketheyunggod2534 10 ай бұрын
Put it into a living trust. Once they pass away, its yours 100% no questions asked and no tax burden. Its your house. The property taxes will probably increase however.
@danorris5235 6 ай бұрын
Um, what? Not if that person owes anybody, especially a formal creator, money or was involved in a state healthcare program or nursing home situation. Not sure about your state, but in mine it's a really bad idea in many ways outside of certain circumstances.
@PeterHernandez-lg2eh 10 ай бұрын
Please yes or no
@rooster3019 11 ай бұрын
How about a lease/purchase agreement aat market value or assessor's value with annual payments equal to the allowable non-taxible gift amount, such payments due to the parent or extate upon death?
@raymondlanier1112 11 ай бұрын
taxation is theft
@pauljohnson7770 11 ай бұрын
This is a few years old. Therefore get current information
@donaldmartin4980 11 ай бұрын
These laws are the reason we need to completely overhaul the tax codes …we pay enough with sales tax, property tax, and income tax. Scrap inheritance taxes, capital gains taxes, and luxury taxes …
@guitarman3968 10 ай бұрын
No gift tax in Canada.
@uncleronny6748 11 ай бұрын
"banks are evil"...amen!
@petercook3143 11 ай бұрын
Dude learn to spell!
@cherylcampbell7495 11 ай бұрын
Beneficiary deed
@howardmorgan2604 11 ай бұрын
So helpful!! Thanks!
@ThomasStallings-l8q 11 ай бұрын
It's bull shit , isn't that communism? all while government officials become millionaires.
@ihymns 11 ай бұрын
Excellent!
@BlutEngelBatty 11 ай бұрын
@05:30 totally false on that. stop spreading false information about poor w/high tax rate, totally false there.
@downanddirtytruth 11 ай бұрын
Good video.
@dragonofparadise Жыл бұрын
I am moving to a new country for healthcare! Problem solved!
@CrazyBunniePanda Ай бұрын
Can I come ?? 😅
@cmbooks2000 Жыл бұрын
I spent a good part of my early adult life as a single parent, making below 10k annually. I never rented anything but my apartment. Never went to a check cashing or title loan or any of that other nonsense. The problem with many people is prioritizing needs over wants. You and your children need a roof over your heads, food to eat and clothes to wear. You need to get back and forth to work and school. You can do all of these things within your income. It's extremely hard. But all of these avenues mentioned that are a guise for helping are preying on your desperation. It's hard seeing others seem to live a better or easier life. But you have to understand that every situation is temporary. You won't always be broke. You don't have to resort to criming or letting hucksters crime you. You are good and smart and you will be okay. Thank you for your channel. It's amazing. Love your retirement and trust information.
@TheK9Shepherd Жыл бұрын
My wife will receive her mother's house from a revocable trust when she passes. It's all paid off, no liens or mortgages. My wife and I are actually living in the house with her mother now (have been since 2016). I understand the step up in basis at date of death, that's not an issue. The question is, when we go to sell that house, how does exclusion 121 work? Meaning do we have to live in that inherited house for 2 years after death to benefit from the $500k 121 exclusion (married filing jointly)? . For example, when you receive stocks from an inheritance, they are looked at as a long term capital gain regardless of how long you hold that stock (meaning you could sell same day as it's considered long term). Does that make sense? I was just thinking if we hold the house for a year and then sell it. We make let's say $250k in gains from the step up in basis. Come tax time does the 121 exclusion rules apply (or do we have to live in the house for 2 years after it's inherited)? Hope this makes sense 🙂