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Various Stuff

February 4th, 2013 at 02:35 pm

Sometimes I see a particularly good quote on the top of the SA banner that I've never seen before. I like this one: "No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well." - Margaret Thatcher. Where do they get all those quotes?

Beginning of the month CC payments have been posted. remaining balance on CC#1 = $929.00 (8.9% APR), and remaining balance on CC#2 = $726.52 (5.25% APR), for a grand total of $1,655.52.

We didn't do anything special for the Super Bowl. I took our boys down to my folks house to watch it. My folks are in Florida for a couple of months, and we're watching their house for them while they're gone. I quit watching during the power outage. I didn't spend any extra money at all on Superbowl Sunday.

Our taxes are completed, but not filed. We claim depreciation on our for sale/rental house. IRS is apparently not ready to accept any returns that claim depreciation. I suppose we could file without the Schedule E, and file an amended form later. But, we were already going to file an amended return with our Adoption Credit claim. We're expecting a $1,200 AC. We could file now, and include both the Schedule E, and the AC on the amended form, or file two amended forms, or just wait for the depreciation thing to work itself out, and file our 1040 + Schedule E, and then the amended with the AC. That last option is the one we're opting for right now.

The reason that we're definitely waiting on the AC is that you cannot file the AC electronically. You need to file that via mail, because they IRS requires proof of adoption, and they look at AC returns very closely. Last year, we filed the AC as an amended return. We got our regular refund quickly, and our AC in August.

The AC in non refundable this year. Last year it was fully refundable. I'm not sure how long we will have to claim the credit. Five years? We've looked, but as far as we know, IRS has not released that information yet.

Most likely (if we do end up selling our house in 2013), we will be able to claim the unused potion all next year, because we expect to owe a butt-load of tax due to the short sale property not being our primary residence.

1 Responses to “Various Stuff”

  1. Jerry Says:
    1359994128

    That is a great Thatcher quote. I sometimes wonder about the future of countries where there is actual antipathy toward people with money (France and Sweden lead that race, but I fear that the US is starting to catch up). If you want to be able to do the most good, you need some insurance of the wherewithal to make it happen. It isn't all about money, since time and concern are vital elements as well, but without the ability to fund it, it isn't happening.
    Jerry

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