This, and were the deductions and things done correctly for a trucking company?

Sigh. Yeah I worried this would happen. Honestly I’m afraid for my dad’s “well-being” if you know what I mean. I just don’t want him to feel like his life is ruined because of this.

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Income tax afaik. I don’t know the full details as I’m not authorized to talk to optima directly.

We did file, at least I think that’s what optima does? Because we’ve had to sign copies of the tax forms and mail them to optima. And apparently we’re not supposed to talk to the irs directly. My dad said it’s like ignoring your defense attorney and going directly to the judge. I wish I could talk to them directly but I’m not authorized to do so.

Thank you for your comment. My other vehicle is a subaru which I enjoy driving much more, but the deal I got on the GMC when I purchased it was right for my budget then. I'm kind of stuck keeping a pick up truck as my work vehicle because I need the load capacity and hear much of the same from all trucks (gmc this chevy that ram transmissions this etc) so I know servicing will be a thing always. And yea I hear you regarding the windshield chipping I just omitted that when I got the quote of 32k for trade in that hadn't happened so if I wait longer I will get less.

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For now I will take it in and see if there is a recall regarding the limp mode that I may be able to fix for free.

Whatever you take out of the 401k would count as ordinary income and taxed that way. You are required to take money out of the 401k in the next 7 years anyway, and, assuming that your regular income is pretty steady, you'd minimize your tax impact by taking out 1/7th each year. Is that >$200K + tax (roughly $308K total)? If so, then definitely go the 401k route because you'll need to do it anyway.

If not, then you really just need to calculate the costs in either scenario. The mortgage is likely to be a very reasonable option unless the 401K balance is very high.

Buy it in Florida and drive it to Georgia?

>We are also trying to buy an expensive property and thus need to maximize our dept to income ratio for the mortgage application

Pretty sure you want to minimize DTI ratio to give more room to the new debt you're planning to take.

Is your wife taking on debts for the farm? Losses and debts don't mean the same thing.

You should do your taxes correctly, possibly working with a local professional if needed. You might start talking to local lenders to get an idea of what they would require for someone being self employed as you said it can be a bit more difficult than W2 income.

Exactly. It's a bit more preparation you'd have to do now (setting up that link before you can complete the rollover), but that'll keep your bank information on record for future use.

There is one other limitation I forgot to mention. The IRS only allows you to do one indirect HSA rollover every twelve months. So if you happen to need to do another rollover before January 2024, you'd have to make sure that future one is done as a "direct" transfer between the HSA providers. I think that twelve month period is based on the date of the withdrawal from the sending HSA, but I'm not 100% sure.

The two don't have anything to do with each other. File your taxes jointly, period.

Whether you can apply for a mortgage solo is going to have to do with the laws of your state and the policies of your lender - it won't have a thing in this world to do with whether your tax return was joint.

Unless your wife has bad credit, the fact that she has no income shouldn't hurt you on your loan application. There are plenty of households with stay-at-home spouses that have joint mortgages.

Having your wife on the mortgage is probably going to be a requirement if you want to have her on the deed. And you want to have her on both - otherwise if you die, things potentially get difficult, depending on your state. If she is on the deed and the mortgage, then she can just keep making payments (if she wants to and is able to) and the loan can't be called by the bank. It also doesn't have to go to probate. (And again, laws there will vary from state to state.)

What changed for you financially since you bought the car? It’s not like you didn’t know what your monthly payment or APR was when you signed the paperwork.

Either pay off the car sooner so you won’t accrue as much interest, refinance with a personal loan, or sell the car. $777 is way too much to spend on a car with a take home of $3500.

>You think you can put up about $600k in the remodel well that puts you as $1.5M and you think a $1.6M house is unaffordable.

Our math was 700k (what we bought the house for) + 600k remodel = 1.3M, as that's what we'll be paying the mortgage on.
As for financing, I talked to our mortgage bank who was ready to provide a construction loan for 600k.

>Would it be possible to add a garage or carport without needing a rebuild?

Definitely, but the core problem is that we've already run out of space here.

Do you intend to invest this money? I ask because you could just open a retail HSA at Fidelity and put the money there.

A Subaru Crosstrek - ideally 2016-2019 model year range.

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What kind of tax? Property/registration tax? Heavy vehicle use tax? Business tax? Income tax?

It obviously depends on his income those years but if he paid absolutely no taxes then it could easily be what he owes.

He needs to file for the years that are missing, figure out what he owes, then talk to the IRS about a payment plan.

Generally, wherever he is now will be issuing a death certificate, which may take some time (I think it took about three weeks for my dad and two weeks for my mom). When the death certificate is issued, his status is updated with social security as well. With my mom, she received an SS payment the day after she passed and a month later, the money was taken back (auto-deposited then auto-debited so we didn't manually do anything, just made sure the money was there so it could be returned)

I would speak to the funeral director or hospital where his body is because in my experience, you don't have to specifically reach out to SS because the whole process moves together.

That's a good point. We factored in 15% overage from their estimate, but in reality it's sure to be more than that.

If you didn't write the check, don't assume it can be converted to ACH debit entry. It's safer to deposit the check and have the HSA debit your bank account.

>Spend more time house hunting and figure out needs versus wants.

Admittedly we've only been searching for a couple of months, but the houses in the districts we do want with the amenities we're looking for are well over our budget. There are maybe 4 or 5 towns that we've got our eyes on, factoring school districts and ease of public transport into the city and due to these very factors, homes in these towns are very very expensive.

Sounds like an amazing money making opportunity through arbitrage. What make/model?