There have recently been some astonishing academically contradictory discoveries on Earth throughout Europe. Archaeologists have been discovering a network of underground tunnels, apparently somehow cut throughout the Stone Age, which cover the territories of Spain, Turkey, and most of the European continent. Their approximate age, according to funded archaeologists, is no less than 12,000 years. Yet how people living within the Stone Age, people without any form of metal tools or chisels managed to cut thousands of miles of tunnel systems is clearly a considerably contradictory mystery. Thousands of underground tunnels stretching from Scotland to Turkey that have, predictably, the many submissive, order-taking funded scientists throughout the academic world at a dead end to explain. However, if one presumes as the evidence we share here on our channel often suggests that a past, now lost, highly advanced civilization once flourished here on our Earth, their creation is less of a challenge to explain. Yet the purpose for their existence will remain an enigma. Were they created by a group attempting to hide from something? Or possibly, they were ancient smuggling tunnels, left by members of this lost civilization once used to smuggle items from ancient settlement to settlement, found throughout Europe. German archaeologist Dr. Heinrich Cusch, in his book, Secrets of the Underground Doors to the Ancient World, states that the tunnels were dug beneath hundreds of Neolithic settlements all across Europe, and the fact that so many tunnels have survived indicates that the original network was much larger than that which still survives. In Bavaria alone, we discovered 700 meters of these underground tunnels. In the Austrian Styria, we found 350, and throughout Europe there were thousands of such tunnels, from the north of Scotland stretching to the Mediterranean itself. The fact that these tunnels have been identified as having been cut at least 12,000 years ago should indicate to all those still with the capacity of critical thought that they are undoubtedly far older than this, as to state that they were somehow cut by people with literally no tools to their disposal to us seems laughable. The tunnels are all relatively narrow, being about 70 cm in width, just enough for an adult man to travel through. In some places, there are small rooms, storage chambers, and seats, clearly indicating that these cave systems were used by a number of people at a time. How did our ancient ancestors create such an awe-inspiring network of tunnels without the utilization of some form of tunneling equipment, lighting, and indeed smelted metal tools? It is not surprising to us or anyone who has paid attention to the limited tale of events put forward by academia, that these tunnels remain a perplexing ancient artifact for them to explain. Yet we feel they are clear evidence of a past civilization having crudely cut these tunnels possibly for some nefarious reason we are yet to unravel. They are undoubtedly highly compelling. The underground cities of Cappadocia, Turkey number more than 200 and are spread across the entire region. It is highly possible that there is many more lying below the surface, just waiting to be found. Of all the underground cities discovered so far, the most awe-inspiring is perhaps the Derinkuyu city. It was discovered by accident in 1963, when a local family was renovating a house, a wall gave way to reveal a passage that led to this underground network. According to National Geographic, it is 11 levels deep, descending more than 280 feet to the bedrock, covering an area of over 4 miles squared. It includes temples, tombs, shops, living quarters, and even livestock pens. Over 15,000 air shafts were built into its design and would have been enough room to comfortably house approximately 20,000 people. The underground city has extending passages that connected to other neighboring and underground water well systems, providing fresh water. What is especially interesting regarding this underground world is the evidence to suggest that they were hiding from something terrifying. A sophisticated security system, consisting of a particular build design, accompanied by numerous gigantic rolling stone blocking doors that would seal the city from the inside. Moreover, its multi-layered design meant that each level could be sealed off from the next level using this same system. Just what were these people hiding from? Whatever it was, they obviously preferred to run rather than confront it. The structure was excruciatingly carved into the underground rock and is as strong today as the day it was built, safely accommodating guests such as archaeologists and tourists. Whoever built the network obviously had an advanced knowledge of stone working, architecture, engineering, and the local geography. Aging the structure has proven very difficult. There are no existing quarries, waste piles, or tools to examine. Furthermore, there are no records documenting its construction, or people who may have lived there. Also, unfortunately, many cultures have used the underground towns over the centuries. According to UNESCO, it is believed that the first signs of monastic activity in Cappadocia date back to the 4th century, at which time acting on the instructions of Basil the Great in order to resist attacks from the Arabs, the people should band together into small, local communities and begin inhabiting cells dug into the rock. Therefore, modern academia tends to conclude that they were likely built by the Phrygian people around 800 BC. Yet, it is also a strong possibility that they are far older than this. By the bishops' instruction, they are to inhabit, not build. Therefore, it is safe to assume he was aware of their existence, rather than the person who thought them up. Some believe the underground caves were constructed by the very ancient Persian king Yema. Yema, attributed as mythological by many, is said to have had a lifespan of more than 900 years, a common feature of biblical figures as well. The Zoroastrian text Vendidad states that Yema built an underground city on the orders of the god Ahura Mazda, to protect his people from a catastrophic winter. Much like the account of Noah in the Bible, Yema was instructed to collect pairs of the best animals and people as well as the best seeds in order to reseed the earth after the winter cataclysm. This was before the last ice age 110,000 years ago. Something which has always puzzled us at mystery history, although the mountains of pyramids, the gigantic megaliths, indestructible artifacts, or the out-of-place artifacts is the massive amount of underground cities found all over our planet. Extraordinary undertakings, seemingly necessary at some time in the very distant past, complex tunnel networks almost telepathically hewn direct to each other. Cut from hard bedrocks, with many exhibiting considerable efforts committed into security. Huge rolling doors can be found at many crucial junctions within the underground systems, as can be found, for example, amongst the underground cities of Cappadocia. Derinkuyen particular still exhibits its rolling doors still in situ. No one displaying the builder's impressive capabilities, but also the abilities of the rolling stone operators, as whoever built these contraptions unarguably still possessed megalithic stone-moving knowledge. Knowledge we hypothesize is lost knowledge due to the builders of said sites also a lost civilization, which instead of where they have been placed chronologically by funded investigations, actually we believe, originate an unimaginably longer time ago, place far within an antiquity not only lost, but actively dismissed. But regardless of the impressive feats these underground cities were to create, the question persists, why? Why go to so much effort? The cities of Uskanacht, Derinkuyu, and Kemakli, all found just within Cappadocia, Turkey, are not only some of the most complete underground dwellings, with Derinkuyu estimated to have once been capable of housing 20,000 people. Derinkuyu even connects to Kemakli via an underground tunnel, an astonishing 8 km long. And this is but a tiny fraction of the ancient underground cities, which have so far been found all over the world with more discovered each day. Many seem to have simply been sealed when no longer needed, thus many still lay undisturbed to this day. Derinkuyu, for example, was only rediscovered when a wall was knocked down in a house during renovation work. All seemingly constructed around the same time, yet any definitive motivations for why ancient man decided upon such drastic efforts worldwide have yet to be substantiated. Their construction remains a complete mystery, a fact we find highly intriguing. Many people will argue that these cities were chiseled by slaves over many years and at great suffering, a safe bet narrative which jives with the mainstream. When it comes to the academically claimed ages, and due to the people during said ages, substantially lacked any advanced stone-cutting technologies imperative for creating such vast works. This argument, however, thanks to the volumes of examples of exquisite, astounding feats, discovered as a special few of these underground complexes, not only installed clearly to demonstrate an acoustic level of awareness on par with prodigal ability and possibly many other as yet undicipered features displaying excelled understanding of many of life's most intriguing subjects. The Hypogeum, located within modern-day Malta, is but one of many examples which can be presented as proof that whoever built these underground layers at minimum possessed astonishing acoustic knowledge far ahead of man as well as almost physics-defying stone-moving techniques displayed in the structure itself. The Hypogeum possesses a characteristic designed into its construction which is simply astonishing. It is so mystifying that although very little is known regarding how it was achieved, a certain frequency can amplify what seems to stimulate the building's amplifying capabilities as if the entire structure resonates and has since been shown to also affect the human brain becoming known as the god frequency. Who built these underground labyrinths? Why? When did they build them? We find these incredible relics of a lost civilization highly compelling. We have often explored the many curious tales of a particular ancient global catastrophe, the Great Flood, a global deluge featured in countless ancient accounts. Yet additionally, we have also recently explored the compelling evidential corroboration to these ancient claims, supportive geological and scientific evidence which intriguingly support their indeed once being such a flood, one of biblical proportions. The geological data supporting the change in sea levels are deserts once sea beds, submerged pyramids, ruins, and not to mention the tales of Atlantis. However, one area which is rarely, if ever mentioned in these same libraries of history, are the underground cities once built. All of them, found on nearly every continent, were each buried beneath the earth in such a way as to avoid the land itself. The largest of these, Derinkuyu, discovered by a complete accident during a house renovation. It strongly suggests that many more may still be laying undiscovered, waiting to see light again, resting undisturbed in complete darkness for unknown millennia. Thousands of connected tunnels have already been found and explored all over Europe, thousands of miles of interlinking underground tunneling systems. All built as if those who created them found ground level either inhospitable or of a mortally perilous place to dwell, this for some unknown reason. Derinkuyu, as mentioned, a site we have explored in depth before, not only has curious, multi-ton rolling door stoppers located at strategic locations, stone's modern man is incapable of moving, but was also reportedly lit by a natural gas pocket they tapped, tunneled a pipe through the complex with holes positioned along which, set a light as if a London Victorian street, ingenious if true, regardless of the genius that went into Derinkuyu itself. Alien corpses found within remains of the Hypogeum in Malta, it must be noted along with 7,000 other headless corpses, yet these complete bodies lay there alongside them. The Oracle Room within, just like the rumors of the natural light technology of Derinkuyu, also possessed, yet still possesses, its own extraordinary example of ancient high technology. With an altar stone in the Oracle Room placed in such a location, complemented by extraordinarily perfect architectural design, amplifies one's voice incredibly well and throughout the structure. Thousands of kilometers of groundwater flooded caveways have recently been found in Belize, Honduras, El Salvador, along with many other locations, littered ancient ruins, remains, and in habitations. Once this flooding is dated, we believe it will push the currently held chronology of man and indeed these groups age back massively, a subject we will cover soon. However, these digressions merely scratch the surface of what we intend to explore further and indeed share with all of you. So, any support in this quest is greatly appreciated. To help us out, check the description for links. Why did ancient man seemingly hide underground? Why did they make such gargantuan efforts to dig, design, and then seemingly live in these places long term? These are questions we find highly compelling. There are a number of ruins on Earth which are either located atop nearly impossible mountaintops or on the ledges of desert hilltops, making sanctuaries from masterfully cut stone temples, and Masada is of no exception. The first official funded excavations in the area took place from 1963 to 1965 and was under former IDF Chief of Staff and Archaeologist Yaga Yadin. The dry desert climate allowed the preservation of classy frescoes and organic remains belonging to the rebels who once called the sanctuary temples home. However, it has long been claimed that the archaeological team were not given full access to the site and have repeatedly noted that they are aware of the site's secret underground layers, yet were not able to fully explore it during the 60s. However, recent changes to attitudes toward historic sites has secured funding for a full exploration of these as yet unexplored underground tunnels. For the first time since 2006, a Tel Aviv university team headed by Roman period archaeologist Guy Stiebel have launched new excavations at the UNESCO World Heritage Site, examining previously unexplored areas of the legendary fortress. Quote, This is the next generation, Stiebel told the Times, adding that his team planned to excavate new sections of the dwellings as well as a garden constructed by Herod. He further noted, quote, Our intention is to further explore a mysterious underground structure that was detected in the earliest aerial photographs of the site in the 1920s. Yet, alas, the building's underground layers have remained unexplored. Dr. Stiebel, intriguingly, although seemingly aware of the void's existence, was reluctant to label its past uses, stated that it was possibly used as a hideout or escape route during the siege of Masada, although he made it clear that he is unsure at the moment of the original purpose of the underground systems. Dr. Stiebel exclaimed his excitement to return to the site after an 11-year absence in statements to the media, quote, A lifetime would not suffice to get a glimpse of all the hidden beauties of Masada. Its magic is not just in the equipment, it is also in small things, end quote. Even though several experts believe that more than 95% of Masada's total size has already been explored, Stiebel believes that its core is yet to be discovered. We will, of course, keep you posted on any controversial or intriguing discoveries made during the excavations. It is a place which we find highly compelling. Just how old is Cappadocia? Due to the immense age of many of the locations we so often cover here upon our channel, we are also, in turn, often confronted with an array of defense strategies, effective distraction techniques, which continue to allow that which cannot be explained to be simply and quietly brushed under the proverbial rug of modern understandings. Many institutes are funded too and work in cahoots toward a common goal, the preservation of a status quo which not only stifles logical historical pursuits, but are controlled by institutions who bury anything which could jeopardize their current monopoly over the many areas of human life and interaction. When it comes to concealing the true age of many of the planet's oldest ruins, it often falls to the geology departments to simply declare the most weathered of relics as merely that of geological formations. And if there is any ancient settlement on Earth which would have fit this bill, it's Cappadocia, an entire ancient settlement so old that all of its surface structures have nearly eroded back to nature. However, although these remarkably old and incredibly heavily eroded surviving spires would have almost certainly been overlooked dismissed as geological, Cappadocia fortunately has a labyrinth beneath its streets, an entire underground city once somehow masterfully hewn from the bedrocks of Earth, rumored to have been lit by small candles fed by natural gas pockets found deep underground. It is, regardless, an incredible legacy of a past highly capable civilization. And although we have extensively covered the ancient underground city of Derinkuyu along with its as yet unexplained multi-ton rolling doors, not only how they were made and then placed in passages, but indeed how they were rolled when in use as they are of such tremendous weights. However, what many people are unaware of, quite possibly due to the difficulty modern academia has in explaining their existence, is that there lies many more underground layers and labyrinths all across Cappadocia, thankfully meaning that the sole surviving spires on the surface have not withstood the sands of time in vain, for they now stand as signposts to this incredible baffling and simply enormous ancient mega metropolis, all carved from the solid rock beneath Cappadocia. As mentioned, many of you will now be aware of Derinkuyu, an underground city whose legend tells of it having once been a sanctuary for ancient people who endured an ice age, possibly making the site far older than 10,000 years. However, what many of you may have not been aware of is the other remarkable underground city of Kaimakle, which secretly stretches across below the grounds of this ancient ruin. Many of the passageways carved untold millennia ago are still used to this day as storage areas, stables, and cellars. The underground city Kaimakle differs from Derinkuyu in terms of its structure and layout. The tunnels are lower, narrower, and more steeply inclined. Cappadocia appears in some areas as one of the most heavily eroded sites on earth, yet it is fortunately still attributed to its true original identity, that of an ancient ruin. And thanks to the miles of still unexplored caverns below this incredibly ancient site, its dismissal as geological in the future seems very unlikely. It is a place which we find highly compelling. How can one still claim the pyramids to have been tombs when they are aware of the astounding burial chambers found within the Valley of the Kings? With the tomb of the sons of Ramses II being not only the largest, but what many archaeologists believe, second to the pyramids and their accompanying sphinx, is the next greatest discovery ever made within ancient Egypt. A literal labyrinth of chambers, it was initially discovered in 1825, yet due to its gargantuan scale, it wasn't until 1995, and thanks to an Egyptologist known as Kent R. Weeks, that we have begun to re-establish its true possible size. The tomb was examined several times, even being investigated by Howard Carter himself. Yet due to the outer tombs having been looted in antiquity, he simply used them as a dumping ground for rubble. It was not until 1995, during the Theban Mapping Project, when Weeks decided to clear the outer tombs. Approximately 70 rooms lined along long corridors running far back into the hillside were found. The number of rooms were then said to correspond to the number of sons the pharaoh sired. However, further excavations have revealed that the tomb is even larger, the size of an underground town cut directly from a granite hillside. Its true scale still unknown. As of 2006, at least 130 chambers have so far been discovered, yet work continues on clearing the rest of this underground maze. We feel that although a later civilization, one lacking the knowledge to build such monuments, came along and claimed these relics as their own, with the possible motivation of an illusion of power, like that of the many other sites we cover worldwide. Predictably, now also conveniently tied to these groups in academia. Yet the true feat these chambers would have been, along with the riches these pharaohs often left behind, are not only proof that these creations and collections of wealth were not only far beyond the ability of copper-wielding academically claimed builders, but that the archaeological evidence does indeed support the theory that these kings either ruled during the creator s civilization, or built these monuments themselves. Yet how remains an infuriating enigma? We also feel their age and indeed original lineage in the true history of the Giza Plateau is what ultimately becomes convoluted. Yet I digress. Who built KV-5? It is a place we find highly compelling. In 1835, an unknown laborer in Kent, the UK, was doing his usual field work. When he struck the soil in what could be classified as a lucky spot, upon impacting the ground, his spade disappeared into the earth, breaking a doorway into an underworld like no other. The lad soon realized that he was standing on an entrance to hollow underground caverns that from the surface could not be seen. Word quickly spread regarding the find and the curiosity to see what was actually down there soon began to boil over. A local school teacher kindly volunteers his young son Joshua to make the dangerous trip down beneath the ground to see what was actually down there. He described rooms encrusted with millions of carefully arranged shells. People were obviously a little skeptical regarding the claims initially, yet when the hole was eventually widened, allowing to see for themselves, they were stunned when the boy s accounts were confirmed as completely true. Now known as the Shell Grotto of Margate, its origins or purpose still remains a complete mystery to this day. Almost all the surface area of the walls and roof are covered in mosaics created entirely out of seashells, totaling about 190 square meters of mosaic, calculated to be around 4.6 million shells. Various hypotheses have dated its construction to any time in the past 3000 years. Theories have included that it was an 18th or 19th century rich man's folly, that it was a prehistoric astronomical calendar, and even that it could be connected to the Knights Templar. Interestingly, no publicly known scientific dating of the site has yet to be completed. The most frequently used shells throughout the mosaic, mussels, cockles, welks, limpets, scallops, and oysters are largely local. They could have been found in sufficient numbers from four possible bays, yet the majority of the mosaic is formed from the flatwinkle, which is used to create the background infill between the designs. However, this shell is found only rarely locally, so would have been collected from shores west of Southampton. Shell Grotto is certainly an amazing, yet not very well known find. More scientific research is clearly needed if we are to unravel the mysteries of its incredible construction.


Income tax 2022-2023 residential rental property, rental income and expenses if no personal use of dwelling, tax software example. Let's do some wealth preservation with some tax preparation. Support accounting instruction by clicking the link below giving you a free month membership to all of the content on our website broken out by category further broken out by course. Each course then organized in a logical reasonable fashion making it much more easy to find what you need than can be done on a YouTube page. We also include added resources such as Excel practice problems, PDF files and more like QuickBooks backup files when applicable. So once again click the link below for a free month membership to our website and all the content on it. Here we are in our example form 1040 populated with LASERT tax software. You don't need tax software to follow along but it's a great tool to run scenarios with. You can also get access to the form 1040 related forms and schedules at the IRS website irs.govirs.gov. So our starting point will be we've got the single file or Mr. Anderson living in 90210 Beverly Hills. And we're going to start off with the W2 income and then compare the same amount of income 100,000 from a W2 to a Schedule C to a Schedule E so our starting point W2 income 100,000. We've got the 12,950 that's the standard deduction that gets to the taxable income 87,050 page number two then calculating the tax at 14774 because this is W2 income. We don't have any self employment tax or any of that. So the tax remains at the 14774 now I'm just going to kind of jot that down over here on our little Excel worksheet. So we are first starting scenario. Let's make this a little bigger. Let's get rid of this row. Why is that there? That doesn't need to be there. Let's say this was 100,000 and the AGI was 100,000. The taxable income was 8750, 8750 the federal tax then page number two 14774 14774 self employment tax zero total tax 14774. Let's compare that then to a Schedule C income and then we'll go to a Schedule E income. So it gets a lot more complicated when I get to a Schedule C although the idea of what's deductible when you get to a Schedule C and a Schedule E makes more sense because when we just have the W2 income oftentimes the things that might be deductible for example if we go to a Schedule A are things that aren't like natural to an income tax system. You would expect the things that would be natural to an income tax system would be to be able to deduct those expenses needed in order to generate the income so that you tax people on net income not on the gross income. But with W2 income it's the idea would be that the employer took care of all those business related items so the income doesn't have anything that you needed to expand in order to generate the income and therefore the things that we think about as deductions are kind of unnatural like medical expenses, taxes, interest on your personal residence and that kind of you know charitable gifts. These are things that have other reasons other than being a natural thing for income taxes to be able to deduct. When we get to the Schedule C and the Schedule E we have a standard income statement which at least from that point just the income statement makes perfect sense you would think from an income tax type of system because we have income and then the expenses that we needed to expand in order to generate the income those are the deductible amounts for those items. Alright let's go back on over and I'm going to say let's get rid of the W2 income. That's no more and let's add a Schedule C. Okay this adds a lot of a mess to it and I did just a generic Schedule C and so if I go to the Schedule C this is the profit or loss from a business and then we'll go to a Schedule E you'll note I put a little income statement so we have 120,000 of income we have the 20,000 of expenses so we get to that 100,000 which is mirroring a similar kind of thing with the W2 income where we have the 100,000 straight from the W2 income. Now that 100,000 is going to flow into Schedule 1 so there's the 100,000 here it's going to flow into the form 1040 not on line 1A but rather on line 8 here so we got the 100,000 but then we got some other stuff happening one of which being on page 2 we're not just calculating the federal income tax but now we have the self-employment tax so this becomes a big deal because that could be quite significant the self-employment tax so if I then go on over and say okay how was that calculated well we have the Schedule C and the net income on the Schedule C flowed into the Schedule SE self-employment tax we calculated then the 14129 which flowed into page 2 there's the 14129 which is flowed into the form 1040 page 2 and there's the 14129 that's quite significant and then we get half of that is actually deductible so now we also have on page 1 this item that got populated in the adjustments to income how was that how did that happen well we've got the Schedule C where we've got the 100,000 that is flowing into the Schedule SE and that's going to be the 14129 self-employment tax which is similar to like payroll taxes if we were but we would it'd be like the employee employee or portion payroll taxes then we've got half of it 7065 that's what's flowing into Schedule 1 page number 2 there's that that's what's flowing into the form 1040 so now we've got the 100,000 income the 7065 so we have an adjusted gross income that is now 92,935 we've got the same standard deduction 12,950 but then we also have this qualified business income deduction which you know that came came into play a few years ago and obviously is quite significant here so that muddies up the water and so we've got the 15994 huge item there and then that gets our taxable income to the 63,988 page number 2 then the taxable income is a lot lower than it was with the with the W2 income so the federal income tax is much lower 9,692 but we've got this giant self-employment tax which is more than what you would pay on on a W2 employee situation because you would only pay the employee portion not the employer portion so it's kind of like doubled you know what you would you would be doing if you were made the 100,000 as a employee not quite double but close and so that gives us a tax of 23821 so let's check that out so I'm gonna let's jot that down jot it down jot it down so we're gonna say we had 100,000 this time of Schedule C income but the AGI is only 92,935 so 92935 did I get that right did I get that right people yes thank you and 12,000 so that means the 63,988 63,988 is here federal income tax on page number 2 is only 9,692 9,692 self-employment tax though now is in play 14129 14129 and then the total tax is now 23821 23821 so the bottom line is the Schedule C is working out worse for us even though the federal income tax is less because we've got this massive we've got this massive self-employment tax which you might say well hey the W2 income paid the self-employment tax as well and the withholdings and they did they paid half of the self-employment tax though whereas this is twice the you know we had to pay more self-employment tax here like double the self-employment so it gets quite kind of messy and confusing as to which which one of those is going to play out best but one of the factors that are coming into play here of course is you know the self-employment tax is a big issue now when we get to the Schedule E because the Schedule E oftentimes is more of a passive income then we might move from reporting it on the Schedule C and the Schedule C is usually the form that you're going to use in an active type of business because that's going to generate and calculate the self-employment tax if we have a rental property that's more of a passive property then the idea hopefully it's not subject to the self-employment tax would be nice so let's now let's now get rid of the Schedule C and say let's remove the Schedule C let's just delete it and then now let's do a similar kind of thing on it on just a kind of a standard Schedule E and we can get more into like the details of the Schedule E but I'll just do a similar kind of general scenario on the Schedule E I have now replaced the Schedule C with a Schedule E supplemental income and laws from rental real estate royalties partnership and so on and so forth we might go into more detail up top here but for now note that down here we have a normal kind of income statement format similar to what we saw on the Schedule C income minus expenses those ordinary and necessary expenses we needed to generate the income gets down to the net income of the 100,000 again that's going to pull into the Schedule 1 so it's pulling into the Schedule 1 which is pulling into the form 1040 the form 1040 here there's the 100,000 however there's a lot less action going on this looks a lot more similar to what we saw with the W-2 type of income because then we have to we just have the 12,950 of the standard deduction gets us to the 87,050 page number two calculating the tax at the 14774 and we don't have that self-employment tax all that kind of scenario that was taking place so this is basically mirroring similar to what we had with the W-2 kind of situation although it's pulling in from a Schedule C this was 100,000 100,000 so the AGI 100,000 and this is 87,050 and the federal income tax on page number two then is 14774 14774 no self-employment tax generally so that's the general idea and then we're going to say 14774 so you can see that the Schedule C is it could actually be a lot more a lot more confusing it's actually a lot more confusing for me or have a lot more impacts because it's often going to be subject to that self-employment tax although the Schedule E can get kind of confusing especially when you get into the range of losses and you typically have to deal with other things that are confusing on a Schedule E including things like depreciation of the property as well as when people get into more complex Schedule C areas where you don't have just a pure rental property but they have like their home and they're renting part of it or something like that where it's a co-mingling of business and personal or if they have a vacation home and they're renting it so those kind of things become confusing factors with the rental property let's now focus on Schedule E in more detail we have part number one income or loss from rental real estate and royalties note if you are in the business of renting personal property use Schedule C because in that case it would be business income Schedule C then being subject to the self-employment tax see instructions if you are an individual report form rental income or loss from form 4835 on page two line 40 then we have the question of did you make any payments in 2022 that would require you to file form 1099 in other words did you have contractors and stuff that you paid and you have to issue them the 1099s if yes did you or will you file the required forms so we're going to assume yes you filed the 1099 forms as required for the contractor work physical address of each property so we've got the address of the property type of the property so here's the number reference to types of property down below single family residence multi-family residence vacation short-term rental commercial land royalties self-rental and other so for each rental real estate property listed above report the number of fair rental and personal use days check the QJV box only if you meet the requirements to file a qualified joint venture so we're going to assume here the 365 days things get a little bit more messy when there's personal use days often the case when you have like a vacation home kind of scenario in place and then of course down below we've got the standard income statement a little bit different than the look of the schedule c because it's possible to have multiple properties on the on this one form right so we've got a b and c on the properties obviously the rents received would be like the normal income line instead of just general income on the schedule c because it's a rental property so that would be pretty much uniform you would expect if you had rental properties and then the expenses that you had to consume in order to generate those similar concepts with the schedule c ordinary and necessary expenses advertising auto travel cleaning commission insurance legal management fees repairs supplies taxes utilities depreciation other the general format of types of expenses and then in essence we're going to be adding these up and getting down to the net income although it gets a little bit messy down here because when we get into a loss scenario in particular we could be limited due to passive passive activity rules which we'll talk more about in future presentations but the general idea is that you've got to be the iris is skeptical on the rental property because of losses now the other big expense here is depreciation which will will dive into it in a in a future presentation and focus on the depreciation because the cost of the property itself is going to be a huge cost and we have to allocate that cost over a fairly long time frame based on what the tax code is requiring us to do we also have the other big one of course is the mortgage interest which you're most likely familiar with as something that could be deductible on the schedule a if the mortgage interest was for your personal residence but now we're talking about a rental property which you've got a similar kind of loan from the bank for that has the property as collateral but now it's not personal property it's not your personal residence you needed that for to purchase the home and so now you're paying the expense on the purchasing power the rent on the purchasing power which is going to be the interest that's going to be another kind of big factor here now when we get into these losses i just want to kind of point out that the difference here because if you look at a schedule c kind of income if i was doing some kind of business now it's just earning money on a schedule c i did some gig work or whatever i'm doing on in the platforms paying me youtube is paying me or whatever is happening then then then i would have income minus my expenses here and that would be the main the main thing i would be doing my job for but the schedule e can be a little bit different because if i buy this property there's a couple things i'm looking for from this property one is of course to generate revenue so i'm going to i'm going to want to generate revenue by renting out the property if i bought it as a rental property and i'm going to have to have revenue for a significant amount of time in order to recoup of course the cost of the property but the other factor is that that this is not like a piece of equipment that i bought for my schedule c business because most stuff that's depreciable property will deteriorate in value if i bought a forklift if i bought a machine that i needed to use in my business it's going to depreciate down in value so although the property itself will depreciate it'll have wear and tear to it and will record depreciation it's quite possible and what i'm probably hoping for is just due to the location if if nothing else the the value of the property actually increases and that's what's kind of difference about real estate because we have an investment in the value of the property which is probably a significant part of the purchase of the real estate in addition to just the income that you're getting down here so what the iris is is going to be skeptical of is people buying property in order to of course just kind of sit on it and hope that it appreciates you know in value while renting it out a little bit possibly but running losses even if you run significant losses on the rentals here because you can then take the losses against your other income so in that case you would you'd be running losses you'd get a benefit from the losses that you can take against other income and your primary hope is that the that the property actually increases in value just due to the location of the property or something like that so you can see the dynamic is a little bit a little bit different than like a service business on a schedule c because you don't have that factor of you thinking that you're that the value of your youtube channel or whatever is going to explode or something it's really you're just working to generate revenue in the short term is the general idea so that kind of muddies up the picture in terms of okay what what happens with the passive activity rule so the iris is even a little bit more skeptical than on a schedule c business when you get into the losses and and questioning as to whether you should be able to take those losses against like other income and so that that gets into these you know passive activity rules we'll talk about more if you have income then it's not really an issue if you have rental income then obviously the iris wants their share if you have losses the iris is going to be skeptical now many of these other expenses are going to be pretty much similar to what you saw with the schedule c so you've got to think about your accounting method oftentimes the method is going to be a cash based method for a lot of people that are doing the rental property because it's kind of easier and we don't have a lot of the things that forces to go to the accrual method such as tracking inventory that's what usually pushes people on a schedule c business from being able to use a cash based method to having to use an accrual method because the inventory kind of pushes people over when we get to things like auto expenses for example then you've got a similar kind of question there and how you're going to do that is it going to be the mileage method or you're going to do the direct write-off method there's you know you have to travel uh that that similar rules with a with a schedule c type of business with those types of items the big difference is being the the mortgage interest is clearly going to be almost always a component of the rental property and the depreciation is going to be a clear component of the rental property now the other big thing that comes up with the rental property that might be a little bit different than what comes up with a schedule c oftentimes is that you're going to end up with repairs right so the rental property needs to be repaired and then there's always the question comes up then well if I have a big number in this repair item is it something that is a repair or is it something that is actually I need to capitalize as a depreciable item and you can see the difference here if I had if I spent $15,000 on the roof then the question is do I get that $15,000 as an expense which I would like to do because if I can expense it at $15,000 then I would reduce my income in this period and I'd get the the benefit now or do I have to put it on there as like an improvement in which case I would have to amortize or depreciate the improvement over a long period of time I wouldn't get the I would still get the benefit but it would take a lot longer I would like to get the benefit sooner due to the time value of money so you get this always this question of I and in the quit the idea from arts perspective I would like to format things in such a ways that I don't have to capitalize them if I can and rather take the expense at the point in time I put them on the books so I could maximize the expense here and if I have to put it on the books as a as an asset and and then depreciate is there any way I can I can break it down so I have a lesser time frame to depreciate over in other words if I have to put it on the books as an asset and I fixed the roof is it possible that I could basically say well instead of making it you know 15-year property or 30-year improvement or something like that could I say well part of it was for air conditioning or something and the air conditioning should be equipment which is depreciated over seven years instead of you know those kind of questions often can come up and when you're when you're working on the rental property and you're allocating the expenses whenever you look at this repairs and maintenance kind of category you often want to scan that and say okay are there any huge items in here that look like they are may not be repairs but rather be some kind of improvements and when we're thinking about making big repairs and improvements we want to think about the depreciation schedules do I have how am I going to put this on the books with regards to depreciation because I can have a significant tax impact


Thank you very much. Thank you for accepting my paper here. You might regret after, but we'll see The reason I should just say that the reason why the title is but it like this is that There are certain places in the world where we see that cultures have Intact it strongly. We can't see from out there There we only see the border between land and water We don't see the borders between people. We don't know do we see the connections between people? but there are places where people are impacted very intensively through history and These are places that can sometimes be very creative very productive very innovative very propulsive and other times they can collapse into conflict so These are places that could for instance be the Balkans It could be the Caucasus. It could be the Levant It could be East Africa Will the Bay of Bengal and there are certainly others All of these areas were until recently part of or maybe heavily influenced by empires If we take a look of the of the map back at 1700 AD We can see them that most of the eastern hemisphere is ruled by empires The only major parts which are not is Africa south of Sahara and is the inner part of the Eurasian continent and Then it is the westernmost part of of that same continent where what we would call Western Europe and the central Europe A characteristic of those empires was a different raison d'état than the one which characterizes nation-state So the cultural and religious and ethnic heterogeneity was Fully compatible with most of these empires. They live from absorbing different cultures and Sometimes play them cynically against one another, but basically containing them basically being able to Manage their coexistence their co-habitation as long as they were Loyal to the imperial rule and Out of this cultural co-habitation rose both the very rich repertoire of shared mixed cultures Material as well as immaterial think of food in Lebanon or Turkey or Many other places It's very rich. It's very mixed India as an example and think of architecture. It's extremely mixed And of course also the demography was characteristic by an ethnic patchwork of settlements. I Can illustrate that with this map This is a map which was Brought to the peace negotiations that followed the first world war the first world war broad as you Probably know the collapse of several empires the Ottoman the Austro-Hungarian The Russian which was transformed morphed into the Soviet Empire. But anyway, they collapsed and if you look at this map that was brought by a German delegation to the peace negotiations in Versailles and what is evident from them is that if you look to the western part of Europe you see that the distribution of colors is sort of fairly clear It's not muddled But once you go into a midline war path into central Europe and further east the cars begin to play They begin to sort of flow together with the little dots of Different colors mixing up you have scratches and things so These territories are the territories of the Russian Empire the Austro-Hungarian Empire and the Ottoman Empire in in Europe and They are much more blurred So that was the place where people lived together the different Identities religions and like it is and so on and so forth in the western part of Europe You might think that okay there people were sort of for some odd reason they were Homogenous and they were sort of Perhaps more smart people or whatever. No, they were not they had done the ethnic cleansing hundreds of years before So that's that's one basic difference Think of the Spanish Thank you the Spanish expulsion of the of the Jews or forced Christianization or the Muslims and the French getting rid of the ugonauts and suppressing the the presence and so on Okay So in areas such as the Balkans we see a shifting configuration through times of Empires that have competed for the same territories with the borders rolling to and fro and with Populations being pushed around and shifting and being also used sort of in the power play of the empires to Compete with each other's privileges So it has been a divided rule both within the empire and between the empires that has created an enormous mix of religions of language and and Immigrant culture of course as well as as Fiscal culture as architecture If we look to what happened with the breakdown of one of these great empires the Ottoman Empire this is The top row of pictures that's from that's about Salonika as it was called in the Ottoman Empire which became Saloniki under the when the Greeks conquered and Took over that part of the Ottoman Empire and claimed it for greatness if you look at the at the picture from the left you will see a Group of family outside outside the house the house and you may wonder what are they they look very turkish Don't they but they were not turkish. They were the Jews Jews inhabitants. It was one of the greatest Jewish cities in in Europe by then by the beginning of the Of the 20th century in the middle. You'll see a man who was born in Salonika or Salonika Kimalata took the founder of the modern turkish Republic and on the right. You see the graph which shows how the the demography changed from being a mixture of of the Jews turks and Greeks it became only Greek The Jewish story ended with the second world war as you may imagine On the bottom line. We have Smyrna which was a city which was green for Long time and Jews and Armenian it became also in the same period it became just More or less pure Turkish city Right What was that? Was it right? Yeah, okay with the implosion of the Ottoman Empire all these minorities didn't just disappear They are still around and And I show you these pictures just to show you that after The empire there's a diversity On the bottom row you see a Kurdish family and you see the father And one of the sons they're making this sign which is the site for pkk turkish independence And and in the middle on the bottom you see three men. You can't see who they are But they are Armenians Armenian survivors in the mush written of the eastern part of turkey And they are They're inside that Behind the facade and on the facade it says it says The Armenian Social and touristic organization for for Bommush Which is another term So that's the Armenians are coming back sort of they have been there all the time But they've they've survived, but they've been hiding the identities and now they're going to show it again Which is a great thing on top You see the some of the demonstrations Around the gezi park in 2013 A man who's using immaterial counterattacks to manifest the insistence of keeping this democratic space In the midst of Istanbul which gezi park is And he's wearing a gas mask because it was necessary those days In the center you see on the Front seat on the right. It's an Armenian expert traveling together with me in Turkey to discover Armenian hers is there At the same time lots of military outside because the Syrian war was raging on the other side of the border And there's a lot of tension with Kurdish people being killed by Turkish military So there are a lot of issues still in The post-imperial situation on top right a young Girl on a school excursion Using her mobile phone camera to take pictures of the Wall paintings in an old Armenian church She is obviously from a dress a Muslim, but deeply occupied with learning about these Christian pictures Right, liberalization you could imagine a future For places Perhaps closer to here You can go to Lebanon and study what happens when things are splitting up in different identity identity territories and Here we are passing in Beirut from one territory which is ruled by by gangsters Into another territory which is ruled by by Hezbollah And when you travel through Lebanon through Beirut and and around the country You will all the time meet these shifting territories controlled by different identities That's when you have broken down the ability to talk together to understand together To share heritage with each other to share culture with each other in mutual respect Then you have this territorial fragmentation You can compete with your buildings. Who has got the tallest Minaret or belfry The left side is Saudi spawned spawned mosque on the right side. It's it's a christian church Maronite church With equal high belfry So these have been restored after the civil war to compete who has the biggest one If you go to East Africa, we have the slave trade there and That has brought the slave trade and hybrid trade had brought together people of different cultures from the inland of Africa with people living on the on the eastern coast of Africa And today The Swahili language Is a mixture of Bantu with this spoken widely in Africa, but with 30 percent Mix of Words adopted from from iranian and arab languages The slave trade was cruel Slaves were shipped from the mainland of east Africa to Zanzibar to the slave market there in stone town But when you look at stone town today where the slave markets were it's a beautiful city. It's a word hurt its side And if you look to some of the of the Architectures there, you will see a mixture of of elements from all over the indian ocean Arab iranian african Subcontinental mixing together the tomb on the right hand Is Is a muslim burial and it is it's a pearl that has You see there's some Marks in that that used to be chinese porcelain pearls imported and being high status They were used to mark that you were something special If you had could afford to put something like that in your in the wall of your house or your tomb You were someone special hybridity Was celebrated in food and in architecture and music and everything So, I think I'll just go swiftly past that And go to the Rohingyans There's a city in the northern part of of Myanmar called Brau it used to be a center of a small empire on the bay of Bengal and there are people mixed Muslims hindo Bengalis with the people of Of Burmese origin or rakhine origin so they were buddhist and and hinders muslims Living together today That small empire has been destroyed and it's it's a place where also The Rohingyan The tragedy is taking place now UNESCO on the advice of of the recently deceased former president Nations want to make now A heritage site the chinese people involved the question is now Will that be a heritage site that marks diversity? Celebrates the muslim culture as well as the buddhist and the hindu culture or will it be Edited and become only An expression of the of the buddhist part everywhere in in Myanmar you'll see mixtures of different cultures And it's very important to stress that quality This is Anglo-Indian architecture with that Burmese touch I could talk more about that, but I don't think I should because my time is running out I just want to say to finish with this and see that say that what you see is what you think you see This is a picture I took in 2014 in the musk region in In eastern Anatolia. I was together with some Armenians We were visiting a Kurdish village where we found some remains of earlier Armenian settlement And this young girl carrying her much younger sister Met us and the Armenian said Ah, it's young from Maria And that was what they saw. They didn't see too sister. They saw the holy virgin and Jesus and So you perceive things that according to how you have been sort of raised and conditioned by your culture The important thing is to see hypothesis and mixes and recognize them Once you start to edit and say our identity is just one We have never received anything from anywhere anyone else. We've just created it all Then it's heritage is becoming dangerous And it's heritage is being abused for political purposes, which are Extremely unhealthy and which we see too much of today Thank you


This is a book that I've been wondering about for years. This is The Blade Runner, the original Blade Runner, the actual Blade Runner by Alan E. Norse. It's about a young man who literally runs blades for a surgeon who is performing underground medicine in the near future, which actually takes place right about today. It's not a good book. In fact, it's very bad. He goes to a secret location, he picks up a package that contains pre-sterilized surgeons instruments and masks and gloves and so on and so forth. Then he goes to a private residence and meets a surgeon and his nurse and his anesthetist there and they perform whatever medicine they need to on the kitchen table. It's a weak premise. The plot is full of holes like crazy. Most of the book is actually preoccupied with describing this near future universal health care system where people are automatically sterilized if they have to visit a hospital more than three times.  It's an idea that I would reject on the face of it if it were not for the anti-vaxxer movement that we're having to deal with today. But that aspect of the book isn't even terribly interesting. It's extremely repetitive and long-winded and preachy and I can't even figure out really what it's preaching about. It's just not really worth reading. Alan Enors was a very prolific science fiction writer. He wrote a lot of novels and tons of short stories. In fact, I got this book a couple years ago. You will have seen this cover. Really beautiful classic retro cover. I had intended to review this book at some point. It's a collection of Alan Enors's short stories but there's not a thing in here worth talking about or even remembering. He was a prolific author and well known in his field but exceptionally mediocre. You can support 30 Seconds Sci-Fi and my other projects by becoming a patron. There's a link in the description below. And visit the 30 Seconds Sci-Fi Tumblr. That's my headquarters. In addition to my videos, I publish links and updates there every day.