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CoronitaParticipant[quote=SK in CV]It’s all treated the same way. Though your IRA may be in multiple accounts, you essentially have 1 IRA. If some of the contributions were non-deductible, some were deductible, and some were from a roll-over, it’s taxed as if you have 1 IRA. So it’s non-deductible contributions (less previous non-taxable recovery)/value of all IRA’s at the beginning of the year to determine taxable portion of all IRA distributions. You can’t pick and choose when you recover the basis tax-free.
So as a practical matter, you can’t recover all the basis until you take a final IRA distribution.[/quote]
From a record keeping perspective, that’s what I was thinking to separate things…. But other than that, yes I know it’s computed over total…. Thanks…
CoronitaParticipant[quote=SK in CV]What do you mean by a “post tax IRA”? A Roth IRA? Roth distributions, if all the requirements are met, are tax-free.
Distributions from non-deductible IRAs are partially tax-free. Essentially, you get “basis” in your IRA and the basis is recovered each distribution year based on the ratio of basis to total value at the beginning of the year.[/quote]
By POST-TAX IRA I mean an IRA that you contribute to using after tax dollars that isn’t a ROTH (also I think called Non-deductible traditional IRAs) So I think it’s what you are referring two in your second paragraph..
And if so, that’s what I thought.
If you contributed to a non-deductible IRA, when it comes time to distribution each year, you aren’t taxed on portion of the withdraw that is
withdraw_amount_that_year * (total_contribution_you_made/total_account_value_for_that_year)
right?
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Second question… What if you were a bonehead and co-mingled IRA contributions using your after tax dollars into a Rollover IRA? Should people bite the bullet and separate it out or reverse it and keep Non-deductible IRA contributions in a distinct IRA account seperate from a Rollover IRA?
CoronitaParticipant[quote=FlyerInHi]One of my female friend was complaining to me that her husband looks like a slob all the time. She’s embarrassed to be seen with him. The guy is a good husband and earns a good living.
You can wear cheap h&m clothes and still look good. Just look neat and tidy.
Everyone wants curb appeal and pride of ownership.[/quote]
Brian, are you offering relationship tips again :)?
October 23, 2013 at 3:11 AM in reply to: OT: Upcoming civil war between Sorrento Valley & Mira Mesa #767195
CoronitaParticipant[quote=AN]Funny blurb on the dispute from Fox5 news: http://fox5sandiego.com/2013/09/23/sorrento-valley-neighbors-fight-for-their-terf/#axzz2iW5aDoZ6
In the video, they showed a map defining Mira Mesa from 1965. The guy from Mira Mesa Town Council stated Sorrento Valley is a neighborhood and not a community. What’s also funny is the one lady who lives in Sorrento Valley who said she never go to Mira Mesa. I wonder where she goes to get her grocery? Where does she go to see a movie? It just sound like a bunch of uppity people who got duped and are now upset to finally know the truth.[/quote]
She goes to Carmel Valley.. That’s where the rift rafts are coming from.. I knew it!…
heh heh
October 22, 2013 at 10:24 PM in reply to: OT: Upcoming civil war between Sorrento Valley & Mira Mesa #767183
CoronitaParticipant[quote=AN][quote=flu]The houses in Sorrento Valley are pretty nice… Real 3 car garages. Not the tandem 3 car garage (2 car garage+ extra storage) bullshit….[/quote]There are plenty of houses in other part of Mira Mesa real 3 cars garage. My development have 3 out of 4 models with 3 cars garage option. Houses North of Calle Cristobal all have 3 cars garage. Some South of Calle Cristobal houses have 3 cars garages too. There’s another development next to Summerset apartment that also have 3 cars garage options as well.[/quote]
Ok, let me rephrase this so it’s clear.
Spending $1million+ on a 3000+sqft house in CarmelV with still a 3 car tandem garage is well, just bullshit…
October 22, 2013 at 9:20 PM in reply to: OT: Upcoming civil war between Sorrento Valley & Mira Mesa #767180
CoronitaParticipant[quote=AN]I’ve been saying for awhile that Sorrento Valley is nothing more than a sub development w/in Mira Mesa. Mira Mesa Community Planning Group controls all the development between 805/15 and Lopez Canyon/Miramar. You can’t get a permit from the city w/out initially getting approved by MMCPG first. Secondly, your common area maintenance is being serviced by Calle Cristobal Landscape Maintenance Assessment District, which is part of Mira Mesa. Thirdly, you go to Mira Mesa schools. So, the way I see it is, if you walk like a duck and quack like a duck, you are a duck.
I’m sorry that some of those owners were clueless and got sold by the developers that somehow Sorrento Valley is not Mira Mesa and pay a premium for it. But, face it, you got fooled. All of this is kind of like Torrey Hills saying they’re not Carmel Valley or Park Village is not Rancho Penasquitos or Sabre Springs is not Scripps Ranch.
Those signs were put up by the Calle Cristobal Landscape Maintenance Assessment District and Mira Mesa Landscape
Maintenance Assessment District in the area they service.Here are some more info about the meeting:
http://miramesatowncouncil.org/doc/Plangrp/MMCPG%20Agenda%202013%20October.pdf%5B/quote%5DThe houses in Sorrento Valley are pretty nice… Real 3 car garages. Not the tandem 3 car garage (2 car garage+ extra storage) bullshit….
October 22, 2013 at 9:17 PM in reply to: OT: Upcoming civil war between Sorrento Valley & Mira Mesa #767179
CoronitaParticipant[quote=CDMA ENG][quote=flu]Ok ok… Someone has to ask, so I will…
Is Sorrento Valley only 15 minutes to La Jolla????[/quote]
What time of day are you talking about…
Because the answer is yes and no…
CE[/quote]
It was a joke jab about La Jolla adjunct. Sorry, couldn’t resist.
CoronitaParticipant[quote=all]H1B tenant is great. Indian EB3 more so. They might be stuck in process for a decade. I took the kids to see the place where we lived 2007-2009. The Indian H1B family that was there when we moved in is still there.[/quote]
My experience has been the same.
1. high income
2. high credit score
3. pay on time
4. zero troubles
CoronitaParticipant.
CoronitaParticipant[quote=spdrun]Unless incomes will go up 31% in the next 14 months, I highly doubt that figure. Incidentally, when I was renting my unit, I got quite a few callbacks, but maybe only 1/3 to 1/2 of those responded when I got back to them.[/quote]
Most of my emails were H1B tech workers, so I’m sure they would be excellent tenants… Location you know..
October 22, 2013 at 5:44 PM in reply to: OT: Upcoming civil war between Sorrento Valley & Mira Mesa #767166
CoronitaParticipant[quote=enron_by_the_sea]Sorrento valley wants to merge with Torrey hills.[/quote]
We don’t want those rift rafts ruining our property values….
Just kidding… Actually, Torrey Hills a long time ago use to be called Sorrento Hills…
I don’t think the DMUSD could absorb the houses in Sorrento Valley.. torrey hills elementary is alreay going to be impacted with the large condo/apt complex being built there…
October 22, 2013 at 4:44 PM in reply to: OT: Upcoming civil war between Sorrento Valley & Mira Mesa #767159
CoronitaParticipant[quote=Cube]I’m all for people be able to keep their community identity, and to me Sorrento Valley is a distinct geographical neighborhood from Mira Mesa, but this seems a bit dramatic:
“I am outraged that this bogus group of Mira Mesa volunteers want to steal my property value, steal the location of my house, steal the prestige of this high tech neighborhood,” said Thayer.
Pfff. Sorrento Valley. It’s not like it’s Carmel Valley…Sheeesh…
🙂
Just kidding…Sort of.. Maybe not.. Maybe…
(I’m waiting for someone that lives in Del Mar proper to say the same thing about Carmel Valley…lol)…
But we got the schools, damnit. The schools!!!!
CoronitaParticipantRenting: It’s tougher out there
http://www.utsandiego.com/news/2013/Jul/18/apartments-vacancy-rents/
Projections
http://www.biggerpockets.com/renewsblog/2011/12/28/rental-outlook-2012-the-good-times-roll-on/
For SD, projections some say rents rise 31% by 2015…
Mira Mesa is absolutely on fire right now for attached markets, especially 1/1’s…
I put in a test ad for a rental, got like 7 callbacks in 24 hrs last week. I forgot to take down the add, and there is a contact from someone still each day, sometimes twice a day….
I think commercial landlords are smarter than the average bear. That’s why you see a big rental community being built at the end of 56/15 in MM and also a big luxury community being built in Torrey Hills (Carmel Valley)….
October 22, 2013 at 4:29 PM in reply to: OT: Upcoming civil war between Sorrento Valley & Mira Mesa #767160
CoronitaParticipantOk ok… Someone has to ask, so I will…
Is Sorrento Valley only 15 minutes to La Jolla????
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