Search found 4 matches
- Tue Oct 27, 2020 1:44 pm
- Forum: General questions and comments
- Topic: Home Sale Showing as Taxed
- Replies: 7
- Views: 17782
Re: Home Sale Showing as Taxed
For sake of example, say I'm currently 50 and want to retire at 60. If I were retiring at 60 today my pension would be $100k, increasing by a fixed 2% of the original base value every year (+$2k, not compounded). Is this "Track then Fixed"?
- Tue Oct 27, 2020 12:15 pm
- Forum: General questions and comments
- Topic: Home Sale Showing as Taxed
- Replies: 7
- Views: 17782
Re: Home Sale Showing as Taxed
I'm entering the pension amount in today's dollars even though it won't pay out for a few years. Does this mean I've already "tracked inflation" or should I choose "track then fixed"?
- Tue Oct 27, 2020 11:51 am
- Forum: General questions and comments
- Topic: Home Sale Showing as Taxed
- Replies: 7
- Views: 17782
Re: Home Sale Showing as Taxed
I was laying in bed this morning wondering if it had something to do with inflation. You are, of course, correct! Changing them to "Track Inflation" did the trick. I had them set to "No COLA" thinking they would consider inflation but not an additional COLA. Related Question - I ...
- Tue Oct 27, 2020 1:00 am
- Forum: General questions and comments
- Topic: Home Sale Showing as Taxed
- Replies: 7
- Views: 17782
Home Sale Showing as Taxed
Hello! I am attempting to model the sale of my home and have tried entering the proceeds as both Misc Income with a 0% Taxable Percent, as well as Taxable Savings. However, in both cases the amount I entered seems to be taxed. For example, under Additional Inputs, if I enter $500,000 as the Annual A...