by Leif Jensen | Apr 5, 2022 | Rant |
I was talking to a client the other day about movies and they were somewhat resentful that the AMC theaters were mostly China owned. I thought he was wrong put didn’t say anything. I thought I had read something different but didn’t remember the details. China’s...
by Leif Jensen | Apr 4, 2022 | Running a Business, Taxes |
I have to admit I am not a friend of the home office. The thought of depreciating my home, only to recapture the deprecation as ordinary income when I sell it was never a warm fuzzy thought. Granted the IRS safe harbor of up to $1,500 is not a lot. But as I sit here...
by Leif Jensen | Mar 30, 2022 | Money Management, Retirement, Running a Business |
This year we picked up a number of new clients, a surprising amount have side gigs. Granted a number of them have a rental property of two. Today, I met with a couple where one had a pretty extensive e-commerce operation. They have their website, but also are very...
by Leif Jensen | Mar 29, 2022 | Money Management, Taxes |
With the significant drop in the stock market, I expect that capital gains from mutual funds will be sizable for 2022. When the market goes down a significant percentage of the population panics and go to cash. Mutual fund companies only hold so much cash in reserve...
by Leif Jensen | Mar 28, 2022 | Money Management, Taxes |
I don’t know why, but this is the first year that no one seems to understand how capital gains work. I have had to explain them to at least four people this year. Versus the usual one to none. I am not talking about stocks where you buy low and sell high, they seem to...
