Random Questions

Not really- rental housing market sees massive seasonal swing, labor market heavily tied to campus employment, businesses catering to students are strongly represented. A town I grew up in was over 100k people and very much a college town. Obviously a small private college doesn’t have nearly the impact that a large state school does, though. Or a large school but in a massive city. But if something like a 10-25% swing in population can happen seasonally, and the school shutting down would tank the towns economy, then I think it’s safe to say it’s a “college town”

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Yeah… it’s a huge influx when the students are here and super peaceful when they are gone. Lol

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If you don’t follow my journal (or aren’t caught up with my nonsense), but might have something to weigh-in on the subject:

Website recs (domain+hosting)?

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Am I dumb for trying to make veggie lasagna with no sleep and a baby?

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No I think that’s a brilliant sleep deprived babywearing meal.

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I don’t think it’s vegetarian if you make it with a baby.

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Hahahahahahahaha he is anti wearing these days due to being all grown up. Also he goes from my nose to mid thigh

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snort

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Is anyone familiar with the Qualified Business Income deduction that was passed with tax reform in 2017ish? I’ve read the instructions several times and I’m still not sure if I qualify. I file Schedule C and am considered a sole proprietor for my side hustle income. Am I eligible for this deduction? @anomalily any experience with this??

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Yes, if you file a schedule C you qualify!

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So, basically 20% of SE income is tax free???

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Yes…it is very nice.

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Wow, that is amazing. I think I need to amend my 2019 return.

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@anomalily, sorry to bother again.

Stupid question: do you use the “net profit or loss” line 31 from schedule C for Form 8995’s QBI line 1c?

Also, rhetorical question: why are US taxes so complicated???

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Makes it harder for us regular people to see how much the system benefits the rich.

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Answering rhetorical question: because it is one of the few mechanism congress has to enact incentives and disincentives to behavior and business practices due to our mostly state-based legal system. :coffee:

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Also because every time they try to change it the big tax preparer companies lobby to keep it so complicated you need to pay a professional.

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For what’s probably a high majority of people, though, taxes are really easy and a basic guided Q&A software works really well. (Not business owner or self-employed, bottom 4 quintiles of income, holding investments mainly in retirement accounts.) Especially now with the raised standard deductions putting even more people into the category where itemization doesn’t make sense. I don’t think it’s ever taken longer than an hour to file our taxes because we’ve always fit in that category and I think my family is representative of the typical household, especially if you go a few years back when we were closer to the median income.

Maybe I’m wrong on that, let me know if I am.

Can someone recommend a fitness tracker under $100? I’m intrigued by the Amazon Halo, but don’t like the idea of paying for a monthly membership.

Features wanted:

  • sleep tracker
  • sedentary alarm
  • android compatible
  • slim design
  • not really interested in a big interface for notifications whatever
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Former volunteer tax preparer - I can only speak for NYC where I did this, but New York City and Yonkers counties had additional renter and low-income tax credits, so filing taxes was more complicated than average (but more beneficial, with substantial refunds) for the lowest-income households.

But yeah, Big Tax Prep is a scam.

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