tax return time
Joined: Dec 2002
Posts: 5,747
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From: Lumberport, WV
I'm in the same boat cause its my first year owning property. I'd be so happy to get back 5K, but I have a feeling it will be more like 3K which will still be a huge help.
doesn't it seem like tax return time is almost like the lottery? you usually get something back but its a mystery of how much. of course some times you get shafted and you owe.
come on...no whammies!
doesn't it seem like tax return time is almost like the lottery? you usually get something back but its a mystery of how much. of course some times you get shafted and you owe.
come on...no whammies!
This is my 5th year with property, but I am still paying out the ass for interest and such.
Last year I got almost 6 grand back because of overtime. It was nice to pay everything off. Will be doing the same thing this year
Thread Starter
Senior Member
Joined: Jun 2002
Posts: 8,320
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From: Mesa, AZ
I just wish that I could have had some more overtime to get me more cushioning in the tax bracket.
This is my 5th year with property, but I am still paying out the ass for interest and such.
Last year I got almost 6 grand back because of overtime. It was nice to pay everything off. Will be doing the same thing this year
This is my 5th year with property, but I am still paying out the ass for interest and such.
Last year I got almost 6 grand back because of overtime. It was nice to pay everything off. Will be doing the same thing this year
its disgusting how much you pay in intrest, but since you get to use it as a write off its not quite as bad.
Joined: Dec 2002
Posts: 5,747
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From: Lumberport, WV
I hear you on the overtime, I'm allowed to work overtime and put in about 10hrs a week of overtime. It so helps out a ton and give me an extra $5-6 grand a year.
its disgusting how much you pay in intrest, but since you get to use it as a write off its not quite as bad.
its disgusting how much you pay in intrest, but since you get to use it as a write off its not quite as bad.
And I agree on the interest, it is crazy, but in a couple of years I won't have to worry about it.
Rachel Bilson
Joined: Oct 2005
Posts: 11,230
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From: South Bend/Walkerton, Ind
it's my D in a B
Joined: Aug 2001
Posts: 24,787
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From: Your Mom's House
I didn't pay my 2006 Colorado income tax... I expected a call or something by now. I was just waiting for them to harrass me to do it. :hs:
Plus side, I'm pretty sure I'll have a decent return this year
Plus side, I'm pretty sure I'll have a decent return this year
DAMIMRED
Joined: May 2002
Posts: 13,495
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From: Syracuse, NY
i will have 3 w2's this year, Holly with have.... 4 h:
we used the H&R block software but since we sold the house and made a nice profit and then bought a new house, i think we might play it safe this year and have a CPA do our taxes.... we shall see...
and when the return comes (if we get a return...) i am looking forward to paying off debt with it
h:we used the H&R block software but since we sold the house and made a nice profit and then bought a new house, i think we might play it safe this year and have a CPA do our taxes.... we shall see...
and when the return comes (if we get a return...) i am looking forward to paying off debt with it