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GM's thread about nothing (20 Viewers)

I am in a rental car in estes park. Yesterday a local did no see me and entered the roadway across three lanes of traffic and ran into me. I was honking, slowing down, and veering to the shoulder to avoid her but she hit me broadside. Not that hard and no injuries, but because Mt challenger rental is an expensive unibody, the damages and repair time could be 9costly. Per usual, I refused the insurance at the rental counter. I have decent collision policy with apostate and used my discover card, so I should be well covered, especially since the cops came, she said it was. Her fault and received a citation for reckless droning. I hear horror stories of hoe customers get screwdriver when the rental agency hits them with. Lost time of being able to rent the car at 250 a day? I admit that a man of my advanced years should be concerned about renting a challenger, but I think its about the best looking American car last year and wanted to drive one. I always slip the rental agent a few bucks and see if they offer me anything without an upchage. Hence the challenger.

PA I am typing this on my kindle afterindulging in all that is illegal in Colorado. I can kind of make out the keyboard, but the results of my typing are way too small for me to see, much less proof. Typing Errors may exist.
I had my law clerk who's failed the bar three times check. He says you're good.

He does want to know where he can find the hoe customers so he can screwdriver them, however.

 
Goodwill requires photos now?
:lmao:

I am going through the process of emptying out the basement this year. I am guessing we'll be deducting a ####load come tax time. Taking photos for the rare chance of an audit.
Good grief. You serious?
Completely. You don't document what you donate? You just put a total value in?
FWIW, you can deduct up to $500 without documenting
Big fan of this. Our church has a preschool and a food pantry. They all operate as separate entities on a single campus. We usually donate $400 or so worth of stuff to each without documenting.
The limit is $500 non-cash donations total for the calendar year.
I believe you're wrong about this.

 
I am in a rental car in estes park. Yesterday a local did no see me and entered the roadway across three lanes of traffic and ran into me. I was honking, slowing down, and veering to the shoulder to avoid her but she hit me broadside. Not that hard and no injuries, but because Mt challenger rental is an expensive unibody, the damages and repair time could be 9costly. Per usual, I refused the insurance at the rental counter. I have decent collision policy with apostate and used my discover card, so I should be well covered, especially since the cops came, she said it was. Her fault and received a citation for reckless droning. I hear horror stories of hoe customers get screwdriver when the rental agency hits them with. Lost time of being able to rent the car at 250 a day? I admit that a man of my advanced years should be concerned about renting a challenger, but I think its about the best looking American car last year and wanted to drive one. I always slip the rental agent a few bucks and see if they offer me anything without an upchage. Hence the challenger.

PA I am typing this on my kindle afterindulging in all that is illegal in Colorado. I can kind of make out the keyboard, but the results of my typing are way too small for me to see, much less proof. Typing Errors may exist
POY Candidate

:lmao:

 
Goodwill requires photos now?
:lmao:

I am going through the process of emptying out the basement this year. I am guessing we'll be deducting a ####load come tax time. Taking photos for the rare chance of an audit.
Good grief. You serious?
Completely. You don't document what you donate? You just put a total value in?
FWIW, you can deduct up to $500 without documenting
Big fan of this. Our church has a preschool and a food pantry. They all operate as separate entities on a single campus. We usually donate $400 or so worth of stuff to each without documenting.
The limit is $500 non-cash donations total for the calendar year.
I believe you're wrong about this.
IRS Pub 526:

Noncash Contributions



For a contribution not made in cash, the records you must keep depend on whether your deduction for the contribution is:

  1. Less than $250,
  2. At least $250 but not more than $500,
  3. Over $500 but not more than $5,000, or
  4. Over $5,000.
Amount of deduction. In figuring whether your deduction is $500 or more, combine your claimed deductions for all similar items of property donated to any charitable organization during the year. If you received goods or services in return, as described earlier in Contributions From Which You Benefit , reduce your contribution by the value of those goods or services. If you figure your deduction by reducing the fair market value of the donated property by its appreciation, as described earlier in Giving Property That Has Increased in Value , your contribution is the reduced amount.
Deductions of Less Than $250

If you make any noncash contribution, you must get and keep a receipt from the charitable organization showing:

  1. The name of the charitable organization,
  2. The date and location of the charitable contribution, and
  3. A reasonably detailed description of the property.
A letter or other written communication from the charitable organization acknowledging receipt of the contribution and containing the information in (1), (2), and (3) will serve as a receipt.

You are not required to have a receipt where it is impractical to get one (for example, if you leave property at a charity's unattended drop site).

Additional records. You must also keep reliable written records for each item of contributed property. Your written records must include the following information.
  1. The name and address of the organization to which you contributed.
  2. The date and location of the contribution.
  3. A description of the property in detail reasonable under the circumstances. For a security, keep the name of the issuer, the type of security, and whether it is regularly traded on a stock exchange or in an over-the-counter market.
  4. The fair market value of the property at the time of the contribution and how you figured the fair market value. If it was determined by appraisal, you should also keep a copy of the signed appraisal.
  5. The cost or other basis of the property, if you must reduce its fair market value by appreciation. Your records should also include the amount of the reduction and how you figured it. If you choose the 50% limit instead of the special 30% limit on certain capital gain property (discussed under Capital gain property election , earlier), you must keep a record showing the years for which you made the choice, contributions for the current year to which the choice applies, and carryovers from preceding years to which the choice applies.
  6. The amount you claim as a deduction for the tax year as a result of the contribution, if you contribute less than your entire interest in the property during the tax year. Your records must include the amount you claimed as a deduction in any earlier years for contributions of other interests in this property. They must also include the name and address of each organization to which you contributed the other interests, the place where any such tangible property is located or kept, and the name of any person in possession of the property, other than the organization to which you contributed it.
  7. The terms of any conditions attached to the contribution of property.
Deductions of At Least $250 But Not More Than $500

If you claim a deduction of at least $250 but not more than $500 for a noncash charitable contribution, you must get and keep an acknowledgment of your contribution from the qualified organization. If you made more than one contribution of $250 or more, you must have either a separate acknowledgment for each or one acknowledgment that shows your total contributions.

The acknowledgment must contain the information in items (1) through (3) under Deductions of Less Than $250 , earlier, and your written records must include the information listed in that discussion under Additional records .

The acknowledgment must also meet these tests.

  1. It must be written.
  2. It must include:

    A description (but not necessarily the value) of any property you contributed,
  3. Whether the qualified organization gave you any goods or services as a result of your contribution (other than certain token items and membership benefits), and
  4. A description and good faith estimate of the value of any goods or services described in (b). If the only benefit you received was an intangible religious benefit (such as admission to a religious ceremony) that generally is not sold in a commercial transaction outside the donative context, the acknowledgment must say so and does not need to describe or estimate the value of the benefit.
[*]You must get it on or before the earlier of:

  1. The date you file your return for the year you make the contribution, or
  2. The due date, including extensions, for filing the return.
Deductions Over $500 But Not Over $5,000

If you claim a deduction over $500 but not over $5,000 for a noncash charitable contribution, you must have the acknowledgment and written records described under Deductions of At Least $250 But Not More Than $500 . Your records must also include:

  • How you got the property, for example, by purchase, gift, bequest, inheritance, or exchange,
  • The approximate date you got the property or, if created, produced, or manufactured by or for you, the approximate date the property was substantially completed, and
  • The cost or other basis, and any adjustments to the basis, of property held less than 12 months and, if available, the cost or other basis of property held 12 months or more. This requirement, however, does not apply to publicly traded securities.
If you have reasonable cause for being unable to provide information about the date you got the property or the cost basis of the property, attach a statement of explanation to your return.

Deductions Over $5,000

If you claim a deduction of over $5,000 for a noncash charitable contribution of one item or a group of similar items, you must have the acknowledgment and the written records described under Deductions Over $500 But Not Over $5,000 . Generally, you must also obtain a qualified written appraisal of the donated property from a qualified appraiser. See Deductions of More Than $5,000 in Publication 561 for more information.

In figuring whether your deduction is over $5,000, combine your claimed deductions for all similar items donated to any charitable organization during the year.
 
K4...

Team name idea...

Considering our profession, the propensity of my posts getting overlooked and your predilection for Indian breads, I thought we might go with:

Persona Naan Grata

 
Gonna go have my car checked out. Leaking either oil or brake fluid. Can't tell which one. Yay.

ETA: Axle leak....hooray....could have been worse, but a $288 hit.
What does an axle leak that could look like oil or brake fluid?
 
Last edited by a moderator:
Took my car to the mechanic down the street since its leaking power steering fluid and makes that annoying whining noise when turning. While they are looking at it, I walk over to Walmart and pick up my boys a couple of baller ### monster trucks, and make my way back to the mechanic for the quote.

$785.56 for labor, a power steering pump, pressure hose, and flush.

I think I'm going to try a different place and see what they say.
Went and saw a guy. Looked it over and is replacing the power steering pump.

$58 + a case of beer.

 
Goodwill requires photos now?
:lmao:

I am going through the process of emptying out the basement this year. I am guessing we'll be deducting a ####load come tax time. Taking photos for the rare chance of an audit.
Good grief. You serious?
Completely. You don't document what you donate? You just put a total value in?
FWIW, you can deduct up to $500 without documenting
Big fan of this. Our church has a preschool and a food pantry. They all operate as separate entities on a single campus. We usually donate $400 or so worth of stuff to each without documenting.
The limit is $500 non-cash donations total for the calendar year.
I believe you're wrong about this.
I meant total limit without documentation.

 
On the train to LA to get the rsiderette. Love riding the train!!

Speaking of which, any of you SoCal peeps want to get in on the potential cornhole to Del mar?

Gonna take the train from San juan cap

 
Last thing I remembered was a cab ride with Rude that cost about as much as the one in Splash. What'd I miss and how come I have a "Bradley" tattoo on my back?

 
I'm sure this is like Mark van Eeghen trying to tell Adrian Peterson how to play in today's NFL, but if you're going to stick with the crazy ones, wouldn't it make sense to consider one who would need to navigate the gun procurement process first?

 
Raiderette loves the train too.

Anyone ever go cross country or on a 48 hour plus train ride. Amtrack seems to have bedroom suites for the la-chi leg. 43 hours. :mellow: and then another 15-20 or so to get to NC where grandpa lives.

Seems like it might be fun. See the country all that.

Thoughts

 

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