Stock Crew 2023: “The trick is to stop thinking if it as “your” money” ~New IRS agent,2023 🗽💸

[stevezissou]

Yeah, but even if they didn’t, barring any (further) tech-bro-induced bank runs, I don’t think there was much to worry about.

I'm glad we won't have to find out.

 

[RotorBalls]

Will you all help me get rich when I get my inheritance money in the next couple years

 

[Jon91SE]

Will you all help me get rich when I get my inheritance money in the next couple years

 

[RotorBalls]

Def not, you fuckers had me buy ride and that bullshit virgin space stock. Most money I've made investing was from MRO from a facebook friend tip buying at $4 and selling in the 30s

 

[Jon91SE]

Def not, you fuckers had me buy ride and that bullshit virgin space stock

 

[RotorBalls]

Seriously though, my inheritance was to be about 200k, but land valuations are going up and it could be as much as 800 or more. I have no idea what to do with that shit and I suck at investing

 

[stevezissou]

Seriously though, my inheritance was to be about 200k, but land valuations are going up and it could be as much as 800 or more. I have no idea what to do with that shit and I suck at investing

You need a local advisor.

You could be inheriting land with a date of death "step up in basis" to fair market value.

With that much at play please get a local CPA to advise you.

 

[RotorBalls]

You need a local advisor.

You could be inheriting land with a date of death "step up in basis" to fair market value.

With that much at play please get a local CPA to advise you.

I don't know what this means exactly but I'm not the direct inheritance since my mom has passed. That's just my portion...the actual land may sell for over 8m and my uncles are the executors so I really don't have much control of the outcome. Just waiting for my share to be paid out when they sell the land.

 

[intro_vert13]

I don't know what this means exactly but I'm not the direct inheritance since my mom has passed. That's just my portion...the actual land may sell for over 8m and my uncles are the executors so I really don't have much control of the outcome. Just waiting for my share to be paid out when they sell the land.

stepped up basis means less cap gains tax should you sell your interest in the real estate

that'll be $2,500 please

 

[RotorBalls]

stepped up basis means less cap gains tax should you sell your interest in the real estate

that'll be $2,500 please

I didn't think taxes applied here...I've been paid out cash from the estate and didn't pay taxes on it. You all confusing me fuck I really do suck at this.

 

[intro_vert13]

I didn't think taxes applied here...I've been paid out cash from the estate and didn't pay taxes on it. You all confusing me fuck I really do suck at this.

do you still retain an interest in the real estate?
if not then it's irrelevant
if so then stepped up basis matters

 

[RotorBalls]

do you still retain an interest in the real estate?
if not then it's irrelevant
if so then stepped up basis matters

I haven't been given a deed to the land so Imma say no? I also don't live in the same state as the land and my uncles if that matters

 

[SlickStick]

See that's why I wanna get in there and do the math. My lady loves Savannah, but we have also been eyeballing some sweet places around Navarre and Pensacola.

Pensacola area is nice. If you like being on the water checkout crab island.

 

[Simple]

Will you all help me get rich when I get my inheritance money in the next couple years

Lol have you read my posts?

 

[Simple]

I'm curious how much SVB's unsecured counterparties are gonna lose. I'm sure several of the major banks will be taking some losses.

ORDERLY SALE

 

[SkiMax]

Looks like we moonin boys!

 

[Jon91SE]

Looks like we moonin boys!

Down is up

Up is down


tis the way

 

[Jon91SE]

 

[993kgt]

@993kgt is Schwab in trouble?

I don’t know what I don’t know

I’m not worried and I’m not doing anything unusual this week, but I’ll maybe fondle my gold stash a bit more than usual like a pacifier

 

[Menger]

Investor Mark Suster says a "handful" of bad actors in VC destroyed Silicon Valley Bank

"Leave aside what this does to SVB. If the Fed didn't step up, how many bankruptcies would there be and other knock-on effects?"

techcrunch.com

 

[SlickStick]

I don’t know what I don’t know

I’m not worried and I’m not doing anything unusual this week, but I’ll maybe fondle my gold stash a bit more than usual like a pacifier

Pics of you kissing the gold stash?

 

[Gort]

 

[stevezissou]

SYSTEMIC

 

[SkiMax]

This is the way of the Kangaroo

 

[Menger]

We love crypto!