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6 Weeks this coming Monday

select-fireselect-fire Member Posts: 69,450 ✭✭✭✭
edited April 2022 in General Discussion

I filed taxes... Federal cashed the check I wrote immediately and today...finally today the state cashed the check.

Comments

  • BobJudyBobJudy Member Posts: 6,632 ✭✭✭✭

    Your state probably has so many federal dollars that they didn't need the money.☹️

    The feds cashed our check within a week or so after we mailed in the voucher. Michigan owed us a mere pittance, but we got that check within about 3 weeks. Almost enough for a tank of gas and a car wash! Bob

  • select-fireselect-fire Member Posts: 69,450 ✭✭✭✭

    They got a large..large check from the sale of my mobile home park and another flip home on capital gains. I don't mind paying taxes I made a bundle on both properties.

  • jimdeerejimdeere Member, Moderator Posts: 26,159 ******

    I despise paying taxes. I'm taxed when I make money and again when I spend it.

  • BobJudyBobJudy Member Posts: 6,632 ✭✭✭✭

    The damn capital gains are what got us also. We underestimated on the quarterly fed payments. Fortunately, no interest penalty but we were close in that regard. With the way the economy is, I really don't know what to do about this years quarterly payments because I sure don't like overpaying and letting them use my money for a year and I also don't like underestimating and paying a penalty. Kind of a damned if I do and damned if I don't situation. Bob

  • select-fireselect-fire Member Posts: 69,450 ✭✭✭✭

    Timing... capital gains will get worse in the upcoming yrs. No 1031 roll overs for properties over 500k is proposed. They want their tax money NOW !!!

  • grdad45grdad45 Member Posts: 5,377 ✭✭✭✭

    Got both of my refunds this month. State-$34, Fed-$780. That's as close as I could figure them so I didn't have to pay.

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