It’s a biweekly paycheck that shows current vs YTD.

How can taxable income be higher than gross income? Let’s say gross income is $100. Taxable income shows $115. How could that be?

Usually taxes on salary is about 25% per paycheck. But combined with vacation payout, taxes increased to 35%. Why is vacation payout considerably higher than normal salary?

I estimate that an individual making $150-$400k a year will be taxed higher now, compared to an individual at retirement who isn’t working. There’s no way a retiree will be taxed higher than a...

My question involves personal finance in the State of: California


I’ve always heard that it is better to pay taxes now and let your 401k grow. Thus when you withdraw at retirement age, all the...

So all that matters is the home was sold by a married couple regardless of whether or not the property was acquired by one or two people? Given that the use requirement is also met.

My question involves real estate located in the State of: CA

My understanding is that when a married couple sells a home, can be exempt up to $500k in capital gains. If they live in 2 out of the...

Thank you for the detailed explanation. I actually do not recall if it was added to my w2 that year it was given to me. It’s been many years but I don’t think it was.

It was given as RSUs. A set amount given at once, vested 100% when given.

My question involves personal finance in the State of: CA

I am considering selling stocks that I was given by my employer, for the first time. It’s been a few years and I would like to cash out. ...

Pg1067, I’m not ignoring you. The certificate of trust has the trustee’s current mailing address along with who can revoke and amend the trust, what date the trust was established on, how title to...

When the trustee moves to a new address, how important is it for the new mailing address of the trustee to be updated on the Certificate of Trust

Thank you. It is strange that the certificate includes the mailing address. Wasn’t sure myself why it was there.

The trust itself is long. It doesn’t have any address on it. Then there is a two page certificate of trust which is two pages. In this certificate of trust, it has the name of the person who can...

It is within the same state. Just checking to see if you have to update mailing address or it will make things complicated in the future or not.

My question involves real estate located in the State of: CA

If you usually take title as Trustee of ABC trust. If there is a need for a co signer on the loan, does the co signer also have to be...

My question involves estate proceedings in the state of: CA

The certificate of trust has the mailing address. If one moves, does he have to change the mailing address to the new address? Or does...

TaxingMatters, what situations does capitalization matter?

Mainly concerned around passing down real property and homes.

My question involves estate proceedings in the state of: CA

Is there a difference when you title assets, between (all caps vs first letter cap)

John Smith, Trustee of ABC Living Trust
John...

The property manager filed the writ on 8/3 (early Aug not mid Aug) and says the tenant has 10 days after court to appeal. That would make the last day to file an appeal on 8/13. The fact that I...

My question involves landlord-tenant law in the State of: North Carolina

My tenant has had issues paying rent since Dec 2019 and took a few months to pay and always paid less than full rent. They...

The attorney says that a transferring real property to a revocable living trust does not trigger a due on sale clause.

I talked to a tax expert. He said due to the Tax Cuts and Jobs Acts (TCJA) a HELOC from primary residence used to buy investment property, you aren’t able to write off business expenses unless it is...

If a trust is a separate entity, why didn’t the attorney who wrote the trust advise me to contact the lender to change borrower from individual name to name of trust? Attorney re-titled deed to name...

I have never heard of “Additional Residence Premises Rented to Others”. I thought it was just “Business Liability” (per occurrence)? Some insurance companies call it “Premise Liability (per...