46 thoughts on “Our Daily Thread 7-10-20

  1. Interesting comment out of Genesis 43:31

    31-32) The dinner tables are segregated.
    Then he washed his face and came out; and he restrained himself, and said, “Serve the bread.” So they set him a place by himself, and them by themselves, and the Egyptians who ate with him by themselves; because the Egyptians could not eat food with the Hebrews, for that is an abomination to the Egyptians.

    a. They set him a place by himself: Joseph did not eat with his brothers, because at the time, Egypt was one of the most racially separated societies on earth. They believed that Egyptians came from the gods, and all other people came from lesser origins. There was little social mixing with foreigners in the Egypt of Joseph’s day.

    Followed with this:

    And the Egyptians who ate with him by themselves: The Egyptians would not eat with Joseph, much less the strangers from Canaan. Even with all his status and power, Joseph could still not eat with real Egyptians.

    i. “It is known from Herodotus that Egyptians so abhorred things foreign, that priests, at least, ate and drank nothing that was imported, nor would they use utensils for eating that had been used by Greeks.” (Leupold)

    ii. Here, we see the wisdom of God. Before Genesis account ends, God brought the entire family of Jacob into Egypt, where they were isolated from the surrounding people for some 400 years. In that time, they multiplied greatly, increasing to the millions. If God had allowed them to remain in Canaan, they would have simply assimilated into the corrupt and godless peoples of Canaan.

    iii. God not only had to take the family of Israel out of the corrupt environment of Canaan, but He had to put them among a racially separated people who would not often intermarry or mingle with them. God simply sent Joseph on ahead to make the arrangements.

    Liked by 7 people

  2. I am very discouraged today. I cannot have a rational conversation with several people in my life. One of them being my husband. He had some show on today that was talking about the Lincoln Project and people from the George W. Bush campaign and administration supporting Biden. First you have to know that Mr. P despises Trump to the point that any day now I expect the Secret Service to show up at my door over the things he says. I made the comment that George W isn’t looking so bad right about now. His immediate reply was negative and how George W wasn’t a good President and blah, blah, blah. I asked him if he even realized that his response to anything I say is contradictory and negative.
    I am just weary of it all…

    Liked by 2 people

  3. 😦 That is sad, Kim. For sure you are not alone in that situation.

    Not sure if I shared this, but it is still on my mind. In my reading the other day in Mark14 this half verse stuck in my mind: “She did what she could…” It is verse 8a and about the woman with the alabaster jar who anoints Jesus. So often, we can only do what we can. Both others and ultimately the Lord must do the rest. It is comforting to me.

    Liked by 4 people

  4. Just after reading the comics of the day, I clicked on a link where the NFL is allowing the contact sport. but denying postgame hugging, etc.

    Beware of the virus, y’all.

    Liked by 1 person

  5. Kim?
    What about Trump doesn’t he like? i.e. how can you have a hatred for someone you don’ know/
    I didn’t like Obama, but all I did was vote against him.
    Same for Hillary. I didn’t even know Trump at the time, still don’t “like” him.
    But I will vote for him next time because I like what he’s doing.

    Liked by 1 person

  6. Oh, Kim. I had to be involved in another political discussion (disgustion) yesterday with my friend Karen. She’d just been filling her head with CNN. I told her to never call just after watching that. I said I literally felt sick. And I said that I might die from Covid the day after tomorrow and that I don’t want to spend my time doing that. It did work and brought on tears and apology, but still it is unhealthy for her to spew so much. Her husband is a Dem and he tells her to not watch the news.

    Kim, I am sad that you have to deal with this in the home. I send hugs to you. I wonder if someone needs to sue the news stations for “loss of affection” of loved ones?

    Liked by 2 people

  7. Excuse me for jumping in before reading comments (as I sometimes do), but I have a question that I hope someone here can answer: If you sell your house only for the amount to pay off your mortgage, is that amount still considered income?

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  8. Kizzie no matter what you sell the house for you will have no capital gains taxes to pay. It was your primary home for 2 of the last 5 years. In your case much longer. How long have the McK’s been gone?

    Liked by 2 people

  9. Kim – They’ve been gone for six years.

    Here is why I ask: I am on state health insurance. We are trying to decide if I should sell my house to Nightingale or quit claim it to her. I would only sell it to her for a little above what I owe on the home loan. But I am concerned that that money would be considered income, and I would lose my insurance.

    She has been advised that it would work out better for her financially if she buys it, going into this as a first-time home buyer with the benefits of that.

    (I tried calling two H&R Block offices, but couldn’t get through to either, so I decided to ask y’all here. 🙂 )

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  10. The money you receive on the sale of your home shouldn’t be counted as income. I would call someone other than H&R Block. They are fine for filing simple taxes but for something more complex I would speak with someone more knowleable. Is there someone you Pastor knows that could advise you? A CPA or attorney? Someone that wouldn’t charge you. I know they laws here but do not know the laws there.
    The reason I ask about the McK’s is because it is a duplex and there might have been some complication if you had rented it out to them in the last 5 years. I’m not sure about that either.

    Pretty much if it is something you don’t pay taxes on then it isn’t income.

    Liked by 2 people

  11. Good morning.

    Trump. I like him and believe he is doing a very good job in a very difficult situation. My dad, the life long Republican, hates Trump. Says all he does is lie and is the worst thing for the country. He watches CSPAN. I don’t get it. But he is blinded by hate. He has always been extrmely kind and non judgemental (except when I became a believer). Perhaps ninety years of denying Christ can do that to a person.

    Liked by 2 people

  12. As to the rock slide: a local prison worker took time to go visit his grandchildren in McCall this past week. The normally two hour drive was seventeen and a half due to the reroute through Oregon.

    Liked by 1 person

  13. So I decided to google the question. (I keep forgetting that you can google whole questions.) The answer I got:

    “According to the CT Department of Revenue –

    If you are a resident of Connecticut and you are required to include any part of the gain from the sale of the house or land (located in Connecticut or outside of Connecticut) in your federal adjusted gross income, that portion of the gain is also subject to Connecticut income tax. If you are a nonresident who sold a house or land located in Connecticut and you are required to include any part of the gain from the sale in your federal adjusted gross income, that gain is also subject to Connecticut income tax. However, if you are a resident or a nonresident selling your primary residence and you meet the federal criteria for excluding that entire gain from federal income tax, none of the gain will be included in federal adjusted gross income and will not be subject to Connecticut income tax?”

    Am I reading this right that, since I am low-income (no income, actually) and will be selling at just a little above what is left on the home loan (only maybe $5000 more, if that), I would not be required to report it?

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  14. 4 more months until the election. Not that the anger and hate will end with that.

    If Trump wins it will get worse.

    If Biden wins it will transfer to the other side (though one hopes not with as much vitriol as we’ve seen since 2016).

    Liked by 1 person

  15. I know a guy who’s addicted to drinking brake fluid, but he says he can stop any time.

    A thief who stole a calendar got twelve months.

    When the smog lifts in Los Angeles U.C.L.A.

    I got some batteries that were given out free of charge.

    Liked by 5 people

  16. I am confused again. (Doesn’t take much these days.) I remember reading that if I were to sell my house to a stranger for less than market value, that is fine and dandy. But if I sell it under market value to one of my children, I would take a big tax hit. How could that be if it is not reported as income?

    I just suggested to Nightingale that we meet with an attorney to get this all figured out.

    Liked by 3 people

  17. Kizzie, you can give a certain amount as a gift to a person without it being taxable income, and after that, it is. I suspect that’s the issue here. Let’s say the house is worth $110,000 and you sell it for $10,000 . . . if the allowable gift amount is $6,000, that makes $94,000 taxable income. I don’t know if it works exactly that way, but that’s likely your issue.

    BTW, I have no idea what these benefits are for first-time homebuyers. I was expecting to see some when I bought in Nashville, and I didn’t. I simply owed a mortgage. Since you own the house mostly free and clear, it seems to me you are taking on a big risk giving it to someone else. If she marries and her husband wants to sell, or she marries and her husband divorces her, or if she gets sued, or if she dies and the Boy inherits it and decides to sell it, or any number of other ways, you could potentially lose your house. I have heard the benefits to Nightingale of doing this, but I haven’t heard the benefits to you.

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  18. Sell it a little above market value. Maybe enough for her to make some repairs. You should not have to pay taxes. Get it done sooner rather than later just in case you ever have to go in a nursing home. Meeting with an attorney is the best course of action.

    Liked by 1 person

  19. Cheryl – We would have some kind of written, official agreement of me having the right to live here. (I forget what that is called – right of residency, maybe?)

    As it is right now, neither of us can get any loans to do the much-much-much-needed repairs. Nightingale has been paying the property tax and the electric bill, among other things, and has taken the initiative in certain things that need to be done, such as the repairing of the upstairs bathroom. (That is currently on hold until we can have a plumber come and put in shut-off valves in our pipes in the basement that should already have them.)

    Since we will be talking to an attorney, we will make sure that something is in place to protect my interests.

    The benefit to me in all of this will be to have the responsibility of the house, and of repairing and renovating it, off my shoulders. Even so, I will still be paying some bills, as I have been, and helping pay whatever loan or mortgage she manages to get, so I’m not just dumping it all on Nightingale.

    Another benefit to me will be the satisfaction and peace of knowing that my daughter, who has been planning on “taking care of me” since before her dad died (or we even knew how close his death was), will not lose the home she has put (and will be putting) so much effort and money into if I should happen to have to go into a nursing home.

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  20. Yes, definitely wise to talk to an attorney. Any bills for anything you have spent to add value to the home can be used to mitigate what the taxes might be. There is also the case of whether or not you would suddenly go into a nursing home. If that happened some money could be gone after by the state or whoever. (Not that it seems likely, but none of us know, as you certainly know from experience.) It depends on the amount of time sold to your daughter etc. Way too many issues on both the state and federal level to depend on anyone but a good attorney.

    Liked by 1 person

  21. Kizzie, that sounds well thought through. As long as your interests are protected in writing and covering the likely problems. An attorney is a very good idea.

    Liked by 1 person

  22. Rocks came down again. These are not pebbles. The road is closed for a few more days. Somebody is going to get a good paycheck for dynamiting,

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  23. I just filled out an online risk assessment for covid with my employer. The results will determine whether or not I can return to PNG. I see my only risk as my age. I am very healthy. I went out and walked two miles this morning before the heat set in and plan on walking the same tonight when the heat begins to leave.

    Liked by 5 people

  24. Kizzie,

    Would you be selling the house for $250K more than you have put into it, including the original purchase plus any improvements? If not, then there would be no capital gains tax (which is the only income tax that would apply), regardless of your income.

    From irs.gov:

    If you have a capital gain from the sale of your main home, you may qualify to exclude up to $250,000 of that gain from your income, or up to $500,000 of that gain if you file a joint return with your spouse.

    In general, to qualify for the Section 121 exclusion, you must meet both the ownership test and the use test. You’re eligible for the exclusion if you have owned and used your home as your main home for a period aggregating at least two years out of the five years prior to its date of sale. You can meet the ownership and use tests during different 2-year periods. However, you must meet both tests during the 5-year period ending on the date of the sale.

    What you quoted from the state looks to me like it just says whatever is taxable by the IRS would also be taxable by the state.

    Liked by 2 people

  25. Kizzie, here are some things I know for sure. 1) If you sell the house to her now, whenever she sells it, her capital gains will be based on the amount she buys it for, however, if you keep it and she inherits it, her capital gains will be based on the amount you originally paid for it; 2) first-time home buyer benefits don’t usually apply when selling to an immediate relative; 3) while Cheryl’s info is partially correct, you actually have a lifetime amount of at least $1 million (it may have gone up) and only have to file a tax form, which I think is 706 but can’t remember, exactly.
    It doesn’t sound to me as though there would be any real advantage to her owning it instead of you.

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  26. Linda, there is a lifetime amount, but there is also an annual maximum. It has been years since I have “done anything” with these numbers, but it was an important part of the information in an estate-planning book I edited, that people can end up with huge taxes if they accidentally “gift” to their children in a way that triggers the gift tax. I’m not an expert at all, and the law might have even changed since I edited the book. But it’s definitely worth considering.

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  27. What are the advantages to you, Kizzie?

    If this is your sole asset and we assume you will live long; why do you want to give it up right now? What’s changed?

    Are there programs in CT for lower-income, “elderly” homeowners that can provide you with resources to do necessary repairs?

    What do you get from God when you pray about this idea?

    From a worldly point of view, why would you want to “give up” your one bargaining “chip?”

    As a budget counselor, we advised parents to never “co-sign” for a loan. If the “child” can’t afford something (usually a car) on their own, they shouldn’t be buying it.

    From whom is your “partner” receiving advice and what was the trigger for the question?

    Scripture warns us not to be yoked with unbelievers.

    You have time. Take it. We’re in a volatile economic period and I would be careful about making any major financial commitments, particularly ones as consequential as this one.

    Liked by 5 people

  28. Kizzie, you are getting good info here, but you do need to find out specifics for your state. A lawyer may do some pro bono work if you tell them your situation as a widow and divorced daughter who is a nurse with a child. Especially during these covid times, people are going an extra mile to help healthcare workers. If the 15th wasn’t the tax deadline then I would ask Art. He has access to all the state’s tax codes so he could find out. Actually, he is behind on other office duties so he would not be able to research that for a few months probably.

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  29. Probably an elder care/estate planning attorney. There are pros and cons to what you are considering and it is better to speak with experts in the field rather than us.

    Liked by 4 people

  30. Kizzie, I also keep thinking of how Nightingale’s situation could change. What if you live 30 years and you want to live in the house all that time, but she marries or wants to move to a different state. What then? A few years before I met my husband, an older friend whom I called my Chicago mama visited me in Nashville. She stayed with me for five days, attended church with me, and really adored Misten. (It was mutual.)

    She was having trouble walking (she had diabetes and one of her legs “died” and was amputated a few years later) and was wanting to get out of Chicago. I invited her to live with me. I knew that if she lived with me, I would be taking her in as a mother, eventually providing some level of care. I was making a major commitment even to make the offer. She said she would consider it; she was seriously interested. Ultimately she chose against it. She wanted to move down south, talked about it for years, but she decided against Nashville. (She died about a year ago, still in her house in Chicago.)

    A few times since I married my husband I have thought about that offer I made to take her in. It was a genuine offer, and I wouldn’t have begrudged her taking it. BUT had she taken me up on it, it would probably have meant I wasn’t available to marry my husband. I would have been committing myself, and I wouldn’t have been free to move out of state, nor would it have worked well for him to move to Nashville and bring the girls, and for me to put my “mama” in a mother-in-law suite. It was her or him. I had no marriage opportunities when I made the offer, and it was a genuine offer. But I was also about 40 at the time and had never dated, so I had no reasonable expectation of marriage. If she had moved into my home and then an eligible man had come to my church, I would have had to accept that God knew of the commitment I was making, and the commitment was still good. (Under some circumstances, moving into a different house and moving her into her own suite could have worked well, but not with teen girls in another state who had all their extended family within half an hour.)

    Anyway, several times I have mentally made that connection of how a commitment I could have had would have changed my life, and how the long-term commitment to the house might not be in Nightingale’s best interests if her own situation changes, and how that could affect you, the house, and/or your relationship with her.

    Liked by 1 person

  31. It’s late and I have to get to bed. What I will say is that Nightingale and I have talked about all of this so many times, and we will talk about it some more, including about the concerns mentioned here.

    Liked by 2 people

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