horsesandbulls
| Favorite team: | LSU |
| Location: | Destin, FL |
| Biography: | |
| Interests: | Football, Baseball |
| Occupation: | Accountant |
| Number of Posts: | 5262 |
| Registered on: | 6/4/2008 |
| Online Status: | Not Online |
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re: Caleb Hammer goes off on Louisiana couple on EBT with over 100K income.
Posted by horsesandbulls on 10/16/26 at 10:34 am to Cosmo
He claimed he had to write a 2 million dollar check to the IRS in April.
That’s more real than most people on this board, if true.
That’s more real than most people on this board, if true.
re: Isaias - Clean Up and Recovery Begins
Posted by horsesandbulls on 10/10/26 at 8:01 am to Bwmdx
My house is behind McGuires in Destin by Shoreline church. Apparently a tree went down on Azalea rd that killed power to the neighborhood.
Early reports from neighbors say it’s just trees and leaves all over but other than that pretty good.
Went to central Florida to avoid riding this out with an 18month old and no generator.
Early reports from neighbors say it’s just trees and leaves all over but other than that pretty good.
Went to central Florida to avoid riding this out with an 18month old and no generator.
re: Isaias - Clean Up and Recovery Begins
Posted by horsesandbulls on 10/7/26 at 4:22 pm to GEAUXT
Needs to keep going east to Mexico beach please.
re: Tax on sale of inherited property.
Posted by horsesandbulls on 10/6/26 at 7:26 pm to LSU alum wannabe
Take the sales proceeds and subtract out closing costs and the value at the time of inheritance, assuming the original owner was deceased before it transferred to your parents.
If the original owner gave your parents the property before they passed away, then your parents basis is what the original owner paid for the land. No adjustments for inflation.
There’s no threshold to trigger if it’s taxed or not, as it was never anyone’s primary residence.
If the original owner gave your parents the property before they passed away, then your parents basis is what the original owner paid for the land. No adjustments for inflation.
There’s no threshold to trigger if it’s taxed or not, as it was never anyone’s primary residence.
re: Pokémon Gen 3 fumbled a huge plot opportunity
Posted by horsesandbulls on 10/6/26 at 3:12 pm to Decisions
Thank you.
re: Cooking with Miso Paste
Posted by horsesandbulls on 10/6/26 at 10:40 am to muttenstein
Miso braised short ribs. Fantastic
Soften some unsalted butter and mix it then put on top of steak. Simple and fantastic.
Soften some unsalted butter and mix it then put on top of steak. Simple and fantastic.
re: Why isn’t anyone giving this Lsu team credit
Posted by horsesandbulls on 10/5/26 at 12:30 pm to TigerYac
Hey man, it’ll be ok.
re: Mike Tomlin's Minecraft city
Posted by horsesandbulls on 10/2/26 at 8:21 am to DrSteveBrule
The older I get the more I’m starting to do this. Even half an hour screwing around before I go to bed is enough to quiet the voices
re: Anybody hate Florida almost as much as Bama?
Posted by horsesandbulls on 10/1/26 at 2:23 pm to Sneakerhead42
Florida 1a.
A&M 1b. for little brother
A&M 1b. for little brother
re: Land buying question.
Posted by horsesandbulls on 10/1/26 at 10:57 am to Flyin'Cajun
The “write offs” you listed apply to any business not just farming.
One expense you are missing in that list is…..
Interest expense.
Buying something for the sole purpose of reducing taxes doesn’t always work out the way people think it does. There are a lot of variables here including things unrelated to the farm or business so buying this for the sake of write offs may not give you the reduction in taxes you are looking for.
What you don’t want to do is find out that you’ve bought yourself a full or part time job to save you 5k or less a year in taxes.
Before you pull the trigger on this or any purchase, go talk to a cpa and get an explanation on just how it could affect your taxes for the year the land would be purchased, the next years including operating the farm or business, and then what happens when you sell.
I’d also check to make sure your withholding is correct. If you are just now finding out that you are getting shellacked then you’ve likely waited until now to file your 2025 taxes and are scrambling to find something to keep it from happening again in 2026.
One expense you are missing in that list is…..
Interest expense.
Buying something for the sole purpose of reducing taxes doesn’t always work out the way people think it does. There are a lot of variables here including things unrelated to the farm or business so buying this for the sake of write offs may not give you the reduction in taxes you are looking for.
What you don’t want to do is find out that you’ve bought yourself a full or part time job to save you 5k or less a year in taxes.
Before you pull the trigger on this or any purchase, go talk to a cpa and get an explanation on just how it could affect your taxes for the year the land would be purchased, the next years including operating the farm or business, and then what happens when you sell.
I’d also check to make sure your withholding is correct. If you are just now finding out that you are getting shellacked then you’ve likely waited until now to file your 2025 taxes and are scrambling to find something to keep it from happening again in 2026.
re: Land buying question.
Posted by horsesandbulls on 9/28/26 at 8:51 pm to Flyin'Cajun
So you want to purchase land for a “side hustle” for “tax write offs” but the interest is too high?
re: Anyone else play Satisfactory?
Posted by horsesandbulls on 9/25/26 at 4:07 pm to BottomlandBrew
Does factorio have lizard dogs?
re: Anyone else play Satisfactory?
Posted by horsesandbulls on 9/25/26 at 1:28 pm to BottomlandBrew
I’m working out the kinks of my oil refineries now. For some reason I can’t get my fuel to produce what the math says it should be.
Haven’t played factorio but I have seen factorio players say they really like the 3d layer that satisfactory has.
I’m forcing myself to build my factories vertically now. I think I’ve only explored less than half of the map.
Haven’t played factorio but I have seen factorio players say they really like the 3d layer that satisfactory has.
I’m forcing myself to build my factories vertically now. I think I’ve only explored less than half of the map.
Anyone else play Satisfactory?
Posted by horsesandbulls on 9/25/26 at 10:10 am
I picked it up the demo 8 weeks ago. After blinking the 8 hours was up and I ordered the game.
Im finding it a different way to unwind after I get home from work and put my kid down to bed.
Made it to phase 3 and decided to build a megafactory and stick the space elevator on top. 32x32 is the first floor with 28x28 floors for various production stages.
Using ChatGPT to help project manage and plan this shite out had been an interesting way to play.
Im finding it a different way to unwind after I get home from work and put my kid down to bed.
Made it to phase 3 and decided to build a megafactory and stick the space elevator on top. 32x32 is the first floor with 28x28 floors for various production stages.
Using ChatGPT to help project manage and plan this shite out had been an interesting way to play.
re: Where's the Best Place to Procure a Used Xbox S These Days?
Posted by horsesandbulls on 9/25/26 at 6:53 am to shutterspeed
Try swappa.com.
Bought my ps5 and switch from there years ago. No issues and both still running great.
Bought my ps5 and switch from there years ago. No issues and both still running great.
re: Not that it will happen, or that I want it to happen..
Posted by horsesandbulls on 9/24/26 at 4:22 pm to Juan Betanzos
Why did you abbreviate 2 people you are discussing but not the third?
re: Is CFB committee signaling 9-3 might be in?
Posted by horsesandbulls on 9/24/26 at 12:30 pm to Yaboylsu63
Seems like strength of record with more steps.
re: EBT recipient goes off on having her finances being questioned
Posted by horsesandbulls on 9/21/26 at 12:01 pm to AndyCBR
Yeah. You are the sucker. Get free shite.
/s
/s
re: Professional driver passes 100 amateurs. RedBull cart racing.
Posted by horsesandbulls on 9/19/26 at 6:43 am to Trip Savage
Mazepin over verstappen.
I see you too are a man of culture.
I see you too are a man of culture.
re: Destin/Ft. Walton LSU spot
Posted by horsesandbulls on 9/18/26 at 12:04 pm to Jwils
AJs will likely have it on.
It’s all lsu friendly down here. Even when out numbered, everyone is still cordial.
You always have your assholes though.
It’s all lsu friendly down here. Even when out numbered, everyone is still cordial.
You always have your assholes though.
re: Lonn says big news dropping today
Posted by horsesandbulls on 9/18/26 at 12:01 pm to NorthshoreTiger76
That is an atrocious website.
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