Monday, March 06, 2006

Tax Return to Sender

We went to get our taxes done today. We went to a tax professional because we had so many things to consider in the mix. We sold our Illinois property, our Vonore property and our Madisonville home. I changed jobs and a number other things to consider.

Turns out we made a nice profit on one place, had a huge loss on another and kinda broke even on the third, when all was said and done. So the loss helped to balance our Capital Gains on the even and profit.

By the time everything was added up, we get a cash return. I hate giving the government a interest free loan every year, but I'd prefer that than owe money every April 15th, especially when the amount can vary!

So with all said and done we're praising the Lord that we get a return this year. Both of us were pretty much sure we were gonna have to pay in, but thankfully - NOT!

Other things are returning to normal. Sorry I don't have any pics, but the house is getting done. They got the one opening cased in and the prep work for the deck done. That'll be started tomorrow.

Can't wait for it all to get done so we can get movedand really return to normal.

HA!

3 comments:

Trailady said...

Yep- just turn all those fat paychecks on over to Uncle Sam. you GO boy!! LOL

Anonymous said...

We didn't have anything out of the ordinary to consider, so Staci just did the TurboTax thing. We got a good chunk of money back, like we usually do. The paychecks are a little bit smaller every week, but it's better than owing and having to scramble to figure out how to pay it! So that's been taken care of, they've already payed us and we've already spent it all. Haha!

Anonymous said...

Hey Scott, Turbo Tax is what we use and we like it a lot. Yup, our return is already gone. That's the way it goes!
Steve, I'm sure you love nothing better than to turn over your money to the government. LOL