What are DCUMers including when reporting HHI?

[Anonymous]

Anonymous wrote:We are very high income. We make many classes of investment income. I report what the AGI on my taxes is plus I add back depreciation losses. I subtract any real estate related or business sale related capital gains.

that's kind of ballsy, unless you also carry forward and subtract your capital gains tax liability.

[Anonymous]

base + ballpark dividends

if I included 401k/similar match, it'd be 10-12% higher

[Anonymous]

Anonymous wrote:

Anonymous wrote:We are very high income. We make many classes of investment income. I report what the AGI on my taxes is plus I add back depreciation losses. I subtract any real estate related or business sale related capital gains.

that's kind of ballsy, unless you also carry forward and subtract your capital gains tax liability.

I meant when talking in dcum. For taxes I do it correctly. But when I disclose income in dcum I add back depreciation but I don’t include one time capital gains. Depreciation is usually worth $500k annually to me and capital gains have ranged from $300k-$10M.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We are very high income. We make many classes of investment income. I report what the AGI on my taxes is plus I add back depreciation losses. I subtract any real estate related or business sale related capital gains.

that's kind of ballsy, unless you also carry forward and subtract your capital gains tax liability.

I meant when talking in dcum. For taxes I do it correctly. But when I disclose income in dcum I add back depreciation but I don’t include one time capital gains. Depreciation is usually worth $500k annually to me and capital gains have ranged from $300k-$10M.

Only in DCUM. Lol

[Anonymous]

HHI - Salary plus investment income that I make each year that I can spend whenever. I don't include any income from deferred accounts such as 401Ks, IRAs, 529s, etc.