Anonymous
05/23/2023 20:11
Subject: What are DCUMers including when reporting HHI?
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.
Anonymous
05/23/2023 08:32
Subject: What are DCUMers including when reporting HHI?
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
05/23/2023 00:55
Subject: What are DCUMers including when reporting HHI?
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
05/22/2023 15:37
Subject: What are DCUMers including when reporting HHI?
base + ballpark dividends
if I included 401k/similar match, it'd be 10-12% higher
if I included 401k/similar match, it'd be 10-12% higher
Anonymous
05/22/2023 15:34
Subject: What are DCUMers including when reporting HHI?
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.