Results 1 to 8 of 8

Thread: Every time I Think I'm Getting Ahead..... Something Happens

The Pub is: Forum to generally shoot the breeze. It is NOT: a debate forum (NO Politics, religion, or controversial topics.) Keep it clean, fun and lite!

  1. #1
    Yoda AngliaGT's Avatar
    Join Date
    Sep 2005
    Location
    Roanoke,Virginia
    Posts
    8,752
    Thanks Thanks Given 
    6
    Thanks Thanks Received 
    9
    Thanked in
    9 Posts

    Every time I Think I'm Getting Ahead..... Something Happens

    It was about 95 degrees today,& it's supposed to be in the
    mid/high 90's the rest of the week. Yesterday,our A/c quit working.
    Turned out to be the capacitor on the furnace.Part cost $219 (+).
    The tech told me that the capacitor ($222) is slowly going on
    the A/C unit,& the R422b freon will need to be recharged ($1300!).
    He also told us that a new A/C /furnace is about $7500.
    Then there's the Dodge Dakota I recently bought.I've put close
    to what I paid for it,so hopefully nothing else will be needed for a while.
    We also received a small inheritance from my Mother,but hate to
    see it go to just pay off bills.It'd be nice to put it away into savings instead.

    Does anyone know what the taxes are on an inheritance?
    Just Remember.......
    NOBODY ever says "COOL PRIUS!"

  2. #2
    Great Pumpkin NutmegCT's Avatar
    Join Date
    Jul 2004
    Location
    Connecticut USA
    Posts
    11,131
    Blog Entries
    1
    Thanks Thanks Given 
    45
    Thanks Thanks Received 
    103
    Thanked in
    95 Posts

    Re: Every time I Think I'm Getting Ahead..... Something Happens

    Lots of variables here. You're a resident of Virginia, and laws differ among all the states. I'm pretty sure the first $11 million in estate value isn't taxable at the federal level, and there's no federal "inheritance" tax.

    I've never inherited anything in my entire life, so never had to worry about the taxes. Never could afford whole house a/c, never bought a pickup, so have no experience there.

    Sometimes I envy those who have inheritances which are taxed!
    Tom M.
    Mac & Phyllis Take a Trip: http://nutmegflyer.com/trip-details-daily-updates/
    History: 1976 MGB, 1959 Triumph TR3A, 1960 Mercedes-Benz 190b, 1958 Rambler American.
    Current: 1953 MG TD27318.

  3. #3
    Luke Skywalker
    Join Date
    Apr 2005
    Location
    Giswil, CH & Fallbrook the Avo Capital, USA
    Posts
    1,570
    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    8
    Thanked in
    8 Posts

    Re: Every time I Think I'm Getting Ahead..... Something Happens

    Sorry for your bad luck!
    If it a Cali inheriting who knows what they will want....probably more everyday!
    Cheers,
    D.
    "If it's got t*ts or tyres, you've got problems"
    www.englishmotorsatfairbrook.org
    TVR Car Club North America Southwest Regional Organiser

  4. #4
    Administrator Basil's Avatar
    Join Date
    Dec 2000
    Location
    Turn left at Albuquerque
    Posts
    23,931
    Blog Entries
    7
    Thanks Thanks Given 
    50
    Thanks Thanks Received 
    98
    Thanked in
    96 Posts

    Re: Every time I Think I'm Getting Ahead..... Something Happens

    Quote Originally Posted by NutmegCT View Post

    Sometimes I envy those who have inheritances which are taxed!
    Tom M.
    Mmmfffmmffff
    “The smallest act of kindness is worth more than the grandest intention.” - Oscar Wilde

  5. #5
    Great Pumpkin JPSmit's Avatar
    Join Date
    Nov 2004
    Location
    Toronto, ON
    Posts
    18,596
    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    55
    Thanked in
    52 Posts

    Re: Every time I Think I'm Getting Ahead..... Something Happens

    Last year I replaced the capacitor on my AC unit - bought at a local electronics shop and I think it was in the $30-40 range - and very much a DIY project
    John-Peter Smit
    1976 MG Midget
    1969 Vauxhall Viva GT
    1958 Fiat Multipla (Barn art)

  6. #6
    Administrator Basil's Avatar
    Join Date
    Dec 2000
    Location
    Turn left at Albuquerque
    Posts
    23,931
    Blog Entries
    7
    Thanks Thanks Given 
    50
    Thanks Thanks Received 
    98
    Thanked in
    96 Posts

    Re: Every time I Think I'm Getting Ahead..... Something Happens

    Quote Originally Posted by JPSmit View Post
    Last year I replaced the capacitor on my AC unit - bought at a local electronics shop and I think it was in the $30-40 range - and very much a DIY project
    That sounds a little more like it.
    “The smallest act of kindness is worth more than the grandest intention.” - Oscar Wilde

  7. #7
    Great Pumpkin NutmegCT's Avatar
    Join Date
    Jul 2004
    Location
    Connecticut USA
    Posts
    11,131
    Blog Entries
    1
    Thanks Thanks Given 
    45
    Thanks Thanks Received 
    103
    Thanked in
    95 Posts

    Re: Every time I Think I'm Getting Ahead..... Something Happens

    Doug - why not order the replacement parts yourself, and do the work? Saves a bunch of money for sure.

    Tom M.
    PS - just call Virginia Dept of Revenue, and get some details on the inheritance situation. You're fortunate to receive it, so might as well get the facts rather than rely on hearsay.

    https://www.tax.virginia.gov/
    Mac & Phyllis Take a Trip: http://nutmegflyer.com/trip-details-daily-updates/
    History: 1976 MGB, 1959 Triumph TR3A, 1960 Mercedes-Benz 190b, 1958 Rambler American.
    Current: 1953 MG TD27318.

  8. #8
    Great Pumpkin DrEntropy's Avatar
    Join Date
    Sep 2005
    Location
    Elsinore, DK
    Posts
    33,005
    Thanks Thanks Given 
    25
    Thanks Thanks Received 
    64
    Thanked in
    63 Posts

    Re: Every time I Think I'm Getting Ahead..... Something Happens

    Quote Originally Posted by JPSmit View Post
    Last year I replaced the capacitor on my AC unit - bought at a local electronics shop and I think it was in the $30-40 range - and very much a DIY project
    Yep. We've replaced several here. Overpaid Grainger a couple times, just to get a unit up-and-running quickly. Google the cap part number and I'd bet you could find one for MUCH less than $200.
    '64 MGB, '67 Lotus Elan S-3 DHC,'69 Lotus Elan +2
    '78 Alfa Romeo Spider-undergoing surgery: O=\*/=O
    '84 300D Turbo-"Diesela"-Now my Daily: Oo|≣|oO
    '02 Toyota Camry- SWMBO's 'new-to-her' Daily. <sigh>
    Chaos & Mayhem PTY, LTD..C.I.O. & Floor Sweepervisor

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •