Right, but.. it's possible you could realize those gains (if there's a market for your shares public or private). So your AMT obligations are based on your "earnings" this year - you're just gambling on a way to make those earnings more attractive either through appreciation or a longer capital gains period. Maybe.
Sooooooo off topic. Suffice it to say, yes, it's a gamble. I didn't have to exercise and hold shares. And this isn't my first rodeo with such a situation. Anyhow, off topic, and about as far as I want to go in a public forum. If any one is truly interested in my employment history and my tax experiences with such, feel free to start a private conversation with me.Right, but.. it's possible you could realize those gains (if there's a market for your shares public or private). So your AMT obligations are based on your "earnings" this year - you're just gambling on a way to make those earnings more attractive either through appreciation or a longer capital gains period. Maybe.
Sorry if I just made a bunch of stuff up about your position...
Y'know, I should turn this all around. It baffles me how people that are purchasing an $80k+ car can not at least be aware of AMT, let alone how some people are trying to figure if they'll even be able to get the full $7500 tax credit. I probably just suck at taxes, but I pay a boatload. And my wife and I are trembling wondering if we can truly afford a Model X. I just chalk it up that most people probably own their own business, so have a world more tax options available to them. I'm just a lowly (ok, a very senior, but not a manager or an exec) peon at a medium sized company.
I am in the same boat as you, I am just a hair away from getting sucked into AMT and I whole heatedly agree with you about being well informed about tax credit, affordability anxiety of the X etc. I have this conversation with my wife literally every other day if we are stretching too far.. should we instead buy a rental property, specially with newly increased expenses..
@FlasherZ, Just out of curiosity, how far away does the insulation need to be from the subpanel, wires feeding 14-50 outlets, wires feeding 5-20, etc.?
I am about to install an HPWC and intent to buy a white 80A EVoReel from EvoCharge https://www.evocharge.com/uploaded/EVoCharge_Product_Brochure_XI-08C.pdfHas anyone considered a retractable hose reel?
My installation was done today. I had originally planned to get only one NEMA14-30 for a variety of reasons I have discussed and rationalized over at another thread. But as it turns out, my existing main service panel had no space left and the maker went out of business which made getting compatible breakers impossible. Long story short I ended up redesigning the entire project and doing the following (in case this is helpful for anyone else)
- Added a new 100 Amp subpanel
- Drew out two new Romex #4 on two new 100Amp breakers from the main panel to the new subpanel. Had to move some appliance breaker circuits from main panel to new subpanel to make space for the 100Amp breakers
- Put the Tesla HPWC on one dedicated 100Amp line from the main panel
- Put a NEMA14-50 on a 50 Amp breaker
Observations:
Romex #4 are a huge PITA to work with, you get a solid burn wrestling with those in tight spaces, its very hard to maneuver it inside the new HPWC L1/L2 points with rear entry. Specially with so many extremely fragile electronic circuit wires in the vicinity. Tesla should absolutely put those in a ribbon cable or some sort of protective sheath.
The Dip switches are at 1:ON, 2:ON by default. This is not the correct config for household 240V circuits - 1:OFF, 2:ON is the correct config. This is poorly illustrated in the tesla manual. It is called out in a table but there is scope for improvement - I am a design guy and I can vouch that a picture is the BEST illustration instead of lines, tables, matrices. Of course I did not read the manual since I like to guess everything by observation and race ahead (yeah, i violated RTFM
Main Panel with two new Romex #4 capable rated at 100Amp.
View attachment 180220
View attachment 180221
New subpanel and HPWC on the side (HPWC not on this subpanel, but on a dedicated 100 Amp from the main service panel)
View attachment 180222
Final pictures, drywall refinishing and painting next. And yes I got gecko's toes from Amazon mentioned upthread. I wont like the HPWC wire banging up on the drywall and gathering paint dust.
View attachment 180223
Now what is this white wire circled in the pic below, it was frayed right out of the box and I could not find any termination point where it could have gone. Is it an extra placeholder just in case the one of the other fragile wires get damaged ? So as to not discard the entire cable and reuse it perhaps ?
View attachment 180226
don't know if I should be happy or thinking why the heck did I spend money ($300) to get inspection done when not much was checked at all!!
Heh, I felt the same way when I did my solar panels. I'm pretty sure if I explained to the inspector that a magical unicorn was in the attic and connects the panels to the inverter, he would have nodded and checked me off. He didn't even so much as look at the connections to the breakers in the panel, even when I tried to show him.Quoting my own original post for reference (many more discussion items thereafter). Inspection passed today, not much was checked. I explained what has been done, what wire types were used (THNN #4 in drywall, no insulation inside, and passing through wooden frames in two points). Breaker box and connections were checked. That's all..
I mean, I am not happy with the inspection methodologies and details therein, it does not protect me as a consumer or educates me in addition to keeping my electrician honest.
Of course the work may be all per code (NEC or local regulation compliance). I was just asked if the electrician was satisfactory and I trust his work..I believe the electrician already sent in relevant details and talked to the inspector in the morning. Again, everything may be per code (I am 90% sure it is) but forum members here discussed and educated me and even cautioned me to potential NEC compliance pitfalls 100X times more than the guy I hired + inspector.
/endRant
Same guy did my solar inspection. The one thing he does check is if the wire connections are loose or not. Tugs at two three wires, signs off and bang $300 earned! I want a job that pays $3600/hr ($300/5min).
Spot on! Read my updated post above.. sorry I have a habit of updating posts a lot..
Quoting my own original post for reference (many more discussion items thereafter). Inspection passed today, not much was checked. I explained what has been done, what wire types were used (THNN #4 in drywall, no insulation inside, and passing through wooden frames in two points). Breaker box and connections were checked. That's all..
I mean, I am not happy with the inspection methodologies and details therein, it does not protect me as a consumer or educates me in addition to keeping my electrician honest.
Of course the work may be all per code (NEC or local regulation compliance). I was just asked if the electrician was satisfactory and I trust his work..I believe the electrician already sent in relevant details and talked to the inspector in the morning. Again, everything may be per code (I am 90% sure it is) but forum members here discussed and educated me and even cautioned me to potential NEC compliance pitfalls 100X times more than the guy I hired + inspector.
/endRant
My X will draw 48 A max so I would dial down the HPWC as a remedy. Wouldn't just that work out fine if the HPWC is not drawing large amperage..
