Revocable Living Trust Basis TreatmentIf we were to change the example and instead have X owning the stock shares in the name of their Revocable Living Trust (RLT), the same stepped-up basis adjustment would occur at X’s death.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

Insurance deductible: This can be deducted in the year the claim occurred, as it relates to property repairs.You are correct that depreciation begins when the property is placed into service, so it should start as of December 26th, 2023.This post does not create a CPA-Client relationship.

I worry of injuries as I have a re-occurring injury from the academy, so I want to start something to let me get out of this career early and defer the pension.

They’ve also made me aware of my listing being terminated (I have proof this did occur) and stated that my contract was terminated as well (I have no proof of this).

The sunk cost fallacy occurs when we feel that we have invested too much to quit.

Bringing your family along also puts a serious damper on that the primary purpose of the trip was actually for business - not impossible, but in my eyes it definitely taints it in a way that you really want to ensure everything is buttoned down on the business purpose and the actual business activity that occurred.

That is not what is occurring in this thread.

It occurred to me that the reason I have not been able to find any research on this topic is probably because of this subjective nature and time consuming attribute of this weed out process.Without further ado, my findingsNew construction homes that were bought in 2017 increased in price by 28.3% when they were resold in 2022.

Local leadership and planning play a big part in that occurring and whether it will continue.