Tax impact for sale of primary residence/rental I’m currently being told that I have to pay taxes on a portion gains for a home sale and I don’t think it’s right. Closed on home 6/3/2019 Lived there as primary residence from 6/3/2019 – 8/31/2021 Rented property from 8/31/2021 – 1/31/2024 Reported rental income and offsetting depreciation during the rental period Sold on 3/26/2024 My under…

Paying taxes on stocks I work for a publicly traded company that is being sold to private equity and delisted from the stock exchange. I have shares I purchased and some were given as RSUs. When the sale closes all will be fully vested and turned into cash (I don’t know if I’m saying that right) but they said even if the RSUs weren’t going to vest until a later date t…

Advice on Managing Student Loan Debt and Trying Not to Waste My 20s Hi everyone, Sorry this is going to be a long one. I’m 26 and graduated with my BA last year. I have $75,000 dollars in student loan debt and $2,000 in credit card debt. The student debt is split between 9 loans with interest rates varying from 4.99% – 7.6%. I currently make $33,000 a year, but will be receiving an education award of $6,800 fr…

What to do when RSU’s Vest Hello, I work at a tech company and wanted some insight/advice on what to do with my RSU’s when they vest. The first two are relatively small compared to the later vesting stocks. The first and second vest would be about make up about 40% of my portfolio so a lot of weight into one stock. And the later vesting would be well over what I currentl…

Taxes… I’m confused I’m gonna preface this by saying this is my third time filing my taxes. I’m young and don’t have a lot of experience. So I got my W-2’s and a 1095-C from my employers this year. I imported them through TurboTax, double checked it all, and continued filing. To the best of my knowledge, there’s nothing wrong and I’ve filed correctly. The last two …

We own a home in Florida, what would you do? Hi everyone, This community has been an incredible resource over the years, so I’d really appreciate your input on our current situation. My family and I own a charming 1950s home in a popular beach/tourism/retirement area on the Gulf Coast of Florida. Due to work obligations, however, we’ve been living in NYC for the foreseeable future. At this…

Parents don’t have a retirement fund – How can I plan to help? I’m looking for advice on how to help my parents as they near retirement. They immigrated to the U.S. to give my siblings and I a better life, sacrificing their careers, stability, and everything they had back home. My dad (60) is the sole provider for our family, and I don’t think he has much saved for retirement. My mom (58) doesn’t work, and …

Fraudulent Activity On My Account Hi, my card was used for an unauthorized purchases resulting in $1300 stolen. My bank put in a dispute, but they said it would take 45-90days to resolve, and there was no guarantee the dispute would work. Is there something else I can do? submitted by /u/Spiritual-Chart7082

Best way to get out from underwater truck? To try to keep this as short as possible, my SO and I bought a 2015 GMC a little over 2 years ago not knowing it had (apparently) a problem almost all Sierra 1500s have. Everything was relatively fine the first year, but then at year 2, 2024, it broke down twice costing roughly $9k total. We have to have a truck- we have a boat. We’ve been look…

Need advice on what to do with liquid cash My wife and I currently have 370k liquid cash that I need to invest, that will generate a steady return over a year or two. We currently have 600k in various stocks and etfs and our 401k is fully funded. We don’t have debt apart from mortgage. The money was initially set aside for a down payment on a new house, since we are moving, but we decide…

Is it best to pay for everything with credit cards or debit cards? My partner and I are trying to simplify our lives and are curious as to what you all think. We have always paid for everything with our credit card account connected to our individual credit cards and have never once accrued a penny of interest. I pay them off on time(early) and we only use them for necessities, never to go above our means. We…

Renting a car for the first time Hi everyone, I will be renting a car with Avis with for the first time in my life at 30 years old go from Victoria to Vancouver for specialty eye appointment. I see the cost of the vehicles range from around 27 to $35 per day, but I also understand that I’ll need to buy insurance as I’m not currently covered by ICBC. My question is how do I sp…

Former poor kid needing advice I’m in line for a job that could take me from earning $25k a year to $60k a year. Huge change for someone who’s bounced between $20-$30k a year since graduating high school. I grew up in poverty on welfare (my elderly mother still lives this way) and have been working hard to leave that life behind. Part of me is scared to be potentially earning…

Best financial books 2025 Looking for another finance books. I read the Dave Ramsey books, as well as Rich dad poor dad. Looking for something else. Preferably something more recently published? Or just a “must read” submitted by /u/MindInvested

How should I manage my retirement contributions I’m 29 with 75k in my 401k and really no other savings. If I stop my contributions for several years will this still compound enough to become a substantial amount by the time I retire? I think it’d be a good idea to build up my regular savings. I’m 5 years into a 30 year mortgage and don’t have much of an emergency fund. Also I’m kinda stuck in…

Buying a new car as a new grad? Hi everyone, I’m (24M) graduating college this upcoming May, and I want some advice about buying a car. I don’t currently own one, and want some advice on what I can afford. I consider myself financially responsible. I have a job offer for $95,000 with a $12k bonus (it’s a VHCOL area). However, I also am graduating with ~$25,000 in student loan …

My employer deposited my HSA contributions after tax Looking through my W2 and I noticed that my employer has been depositing money into my HSA after taxes, and when I asked about it they assusred me that I’d get that back as a deductible. Are they full of it? submitted by /u/pappaceeej

what is the best tax savings strategy with max employer contributions, an SEP IRA or solo 401k? My revenue is over $1M. I could also hire my spouse and max out her retirement contributions, but I don’t know if paying payroll taxes outweighs the benefits of both of us maxing out retirement contributions ($70k). I don’t know if this company will continue this for more than 2 years (my contract is 2 years with potential for renewal), so a def…

Q: How to invest this $10K gift (+Other beginner investing Q’s)? Hi! (Note: main parts are in bold.) I posted this in the morning on the daily thread (I read general Q’s should go there) on r/investing, but got no responses, so I’m making a post… I was gifted $10K (1 time thing they’re doing) for investing from a relative. I’m basically a beginner when it comes to investing – just got out of college, and just…

Credit card Debt feeling like a lot Hey guys, just curious on thoughts. I have 2 credit cards, one of them with a balance close to 25k and one around 5. Making payments every month on time, but I am trying to find a way to pay it down but the interest is pretty high on the first. A mistake I hope to never make again. Is a personal loan a good option to pay down debt? I get offers…