Werewolfdad t1_j2bn5nm wrote on December 31, 2022 at 1:30 AM

All the banks and CUs are subject to the same guidance which says accounts should be charged off when they’re uncollectible or 60 days, whichever is first, so this would have happened everywhere

Werewolfdad t1_j263nft wrote on December 29, 2022 at 10:48 PM

Reply to comment by Mrzeldaootfan in Wells Fargo closed my account for a negative balance + not having a job for 2 months by Mrzeldaootfan

Banking guidance says overdrawn accounts should be charged off no later than 60 days.

Any calls were a courtesy you weren’t entitled to. That was just them being nice

Don’t overdraft and it won’t be an issue.

Werewolfdad t1_j261uow wrote on December 29, 2022 at 10:36 PM

Reply to Recently gave my SSN over the phone by Brilliant-Classic707

No there’s no risk in doing a normal thing

Werewolfdad t1_j261o7m wrote on December 29, 2022 at 10:35 PM

Reply to Owe taxes this year? by [deleted]

Owning $500 is perfect

Good job

Werewolfdad t1_j261l5d wrote on December 29, 2022 at 10:34 PM

Reply to Wells Fargo closed my account for a negative balance + not having a job for 2 months by Mrzeldaootfan

Any bank would do that If you were overdrawn for two months.

Open a new account elsewhere

Werewolfdad t1_j25ryxm wrote on December 29, 2022 at 9:29 PM

Reply to comment by beckagrosst in How should I deduct cost of goods sold for gifted household items for eBay taxes? by beckagrosst

Yeah

Werewolfdad t1_j25rhdm wrote on December 29, 2022 at 9:26 PM

Reply to comment by beckagrosst in How should I deduct cost of goods sold for gifted household items for eBay taxes? by beckagrosst

Your post is asking about federal rules and you didn’t include your state

Regardless, your cost basis in a gift is either the donors adjusted Basis or FMV, whichever is “worse” for you, so it doesn’t matter since you don’t have a gain

Werewolfdad t1_j25qnj9 wrote on December 29, 2022 at 9:21 PM

Reply to comment by beckagrosst in How should I deduct cost of goods sold for gifted household items for eBay taxes? by beckagrosst

The 1099-k rules were delayed another year

And It’s not income

Werewolfdad t1_j25q31c wrote on December 29, 2022 at 9:17 PM

Reply to comment by beckagrosst in How should I deduct cost of goods sold for gifted household items for eBay taxes? by beckagrosst

You can’t deduct expenses for a hobby

So you just sold random stuff you owned? That doesn’t require any tax form let alone a business tax return

Werewolfdad t1_j25pmtp wrote on December 29, 2022 at 9:14 PM

Reply to How should I deduct cost of goods sold for gifted household items for eBay taxes? by beckagrosst

Are these business assets or household items? Your choice of phrasing makes it difficult to tell

Werewolfdad t1_j2545ly wrote on December 29, 2022 at 6:55 PM

Reply to What is the positive part about the 1099k requirements through 3rd party being delayed another year? by sprinklesnglitz

It’s not a perk. It’s an extension so the irs can develop guidance and the payment processor can become compliant

Werewolfdad t1_j24ky9v wrote on December 29, 2022 at 4:52 PM

Reply to Budget Struggles: Can't Afford my car, but can't live without one by dannyj611

>bc I cannot easily see my friends or do things.

Spending $800/month so you can 'do things' suggests your priorities are out of whack especially given how small the other line items in your budget are

Werewolfdad t1_j23y8f7 wrote on December 29, 2022 at 2:13 PM

Reply to comment by Nagisan in Girlfriend is changing jobs. Should she move her 401K into the TSP? by buskingengineer

Oh damn I hadn’t realized the fees were that awful. Wow. NeverMind on that at all then