0
votes
2answers
93 views

If I get a bill (e.g. for internet service), is that a debt I owe? If no, what are the practical difference between a bill and a debt?

Merriam-Webster website defines debt one way as "an amount of money that you owe to a person, bank, company, etc." Does this mean that a debt is created when a bill (e.g. utility or internet service ...
2
votes
1answer
27 views

How to correctly adjust cost basis 8949 for Employer stock starting from 2014

Since 2014 brokers don't include "compensation element" in cost basis on the 1099-B form for RSUs, ESPP and NQSO stock. This means that I have to adjust cost basis myself to avoid being double taxed. ...
0
votes
1answer
54 views

Deal with stock PSEC

I bought PSEC 3000 shares one month ago. Recently I found some rumor about it. Today's the deadline - if you owned PSEC as of 11:59 yesterday then you have to send the IRS 10% of the value of ...
12
votes
8answers
3k views

Mortgage or not?

I am 57, spouse 53. I lost my 30+ year business in 2009, decelared personal bankruptcy and now have only $4K in retirement accounts. The positive news is that I am employed; my income is 110K, hers is ...
2
votes
1answer
77 views

How should I be taxed on my returns on investment in capital?

If I paid a business owner $10000 for the purchase of capital and in return and am being paid $150 per week for the next two years in return, how do I file these returns? Using a 1099-MISC? Edit: ...
-1
votes
1answer
53 views

Sell Stock using Limit

I'm starting out as a small time investor and had some fun buying 10 shares of a stock at $14.50 per share. Right now, the stock is at 16$ (up from it's $13.20 low that I bit to early on). The stock ...
2
votes
1answer
64 views

Does the common advice about diversification still hold in times of distress

The common advice about diversification goes something like this: (just as an example) 40% us large cap 20% us govt and AA corporate bonds 20% us growth stocks 20% international equities. My ...
-1
votes
1answer
40 views

What are pros and cons of volatility trading over directional stock trading

Is it true or just my misconception that pro traders trade volatility while retail readers try to predict stock direction (unsuccessfully most of the time). What are the pros and cons of trading ...
13
votes
5answers
220 views

New car vs used: how to compare value?

When buying a car, I care only about what I'd call "pure utility": maximum usefulness for minimum dollars and trouble. I'd always heard that a new car is nearly always a worse deal than one that's ...
5
votes
1answer
63 views

Treatment of web domain ownership & reselling for tax purposes: Capital asset, or not?

I run a web publishing business. I buy a large number of domains — and occasionally sell one, although not frequently. Some domains are developed into websites, which bring in advertising ...
0
votes
1answer
30 views

merging transactions in 8949

This year I received NQ Stock Options, RSUs and ESPP shares from my employer (I work as a full-time engineer in a tech company). In my 1099-B form all of them show up as separate transactions ...
1
vote
2answers
58 views

Which IRS address to choose for federal tax return?

Do you choose the IRS address for submitting your federal taxes based on where you currently live (the return address on the envelope) or where your current resident was in that tax year?
1
vote
4answers
100 views

How to save money for future expenses

I need some advice on saving money. I am 30 and married and housewife and I am going to have a child in few months. My husband is working and has poor savings habits. I want to know how can I save ...
2
votes
1answer
69 views

How do management fees affect the money invested in a mutual fund

On mutual fund brochures, they state a management fee and also a MER. How to interpret these two numbers? For example, if management fee is 1% and MER is 2%, then for an investment of 100$, does it ...
0
votes
2answers
52 views

What is the minimum information someone would need to know about me to wire money out of my brokerage account?

I'm doing my taxes and preparing my own statement in lieu of a 8949. My broker has provided me with a statement that has a lot of information on it. My first thought was just to mail the statement to ...
1
vote
3answers
44 views

Average cost basis based on total shares held or specific shares sold?

Let's say I bought 1 share in a Vanguard mutual fund each year for 10 years. Its price started at $1 and went up by exactly $1 each year, so the price of the latest share bought is $10. The average ...
4
votes
2answers
219 views

Does Technical Analysis work or is it just a pointless attempt to “time the market”?

I just ran into the concept of Technical Analysis and decided to go ahead and read a book about it. Before I start reading, I'm curious. Do most people use it successfully? Or is it just a waste of ...
2
votes
0answers
18 views

How to list child care for taxes when not married and splitting the costs?

My girlfriend and I have one child and it is my understanding that only one of us can list our child as a dependent on our taxes since we are not married. She lists him as a dependent, I do not. We ...
0
votes
1answer
29 views

College job: local credit union or existing Navy Federal?

I'm in college, and I have recently gotten my first paycheck from my first job here. They do not do direct deposit and only give checks. In the past, I have banked at Navy Federal, but my college ...
4
votes
1answer
48 views

Which state gets taxes on money paid for previous year's work?

I moved from PA to IL at the very end of 2013. Because of this I thought my taxes were going to be easy, but I received a final check in January 2014, which included unused vacation time, etc., and ...
6
votes
1answer
187 views

Deferring mortgage interest expense to next year when filing taxes?

I paid around $25,000 in mortgage interest payment last year, however, I had no income. I was wondering if I could defer this expense to next year and omit it this year. Since it will not benefit me ...
6
votes
3answers
547 views

Can capital expenses for volunteer purposes be deducted from income?

My wife volunteers for a charitable organization and her role involves a lot of printing and copying. I want to buy her a new laser printer as she wastes a lot of time fighting with our crappy ...
0
votes
0answers
41 views

How can I affect implied volatility of an option?

Implied Volatility represents the actual above-market premium an option contract trades for at any point in time, but it changes in mysterious ways. If I wanted implied volatility to be higher, could ...
1
vote
2answers
45 views

Is it possible for state and federal taxes to already have been removed on a 1099-MISC?

I am a PhD student and receive a stipend from the university. I get a 1099-MISC for that money. On the 1099-MISC this year, there's an amount listed in box 4 and box 16 for federal and state, ...
0
votes
0answers
18 views

How to Calculate Annual Return of A Fund When Contribution is Irregular?

I am struggling to calculate the annual return rate for this investment. Initial Investment on 20-May-2010 $2500 Regular contribution of $250 from 12-July-2010 to 10-10-2013. Total units ...
2
votes
1answer
91 views

How long took a person to get the break even investing since 2000 in MSCI WORLD INDEX?

I read in another forum that a person who invest before the Dot-com bubble (2000) took 15 years to get the break-even. Basically only in 2014 or 2015 he starts to gain money. This seems wrong, but i ...
0
votes
0answers
35 views

Visa Credit Card Regulations in Europe

I'm a US expat living in Spain (almost a year now). I made a large purchase at an online store last week with my Visa credit card. The item has not shipped, but I have already been charged for the ...
0
votes
1answer
45 views

Chances of losing money in a foreign bank account

I am working in Singapore. I am going to move to Germany. So I am not sure if I should close my bank account. Is there any chance of losing money in the account (i.e. the bank confiscates it citing ...
-1
votes
1answer
37 views

How the money can be destroyed when some country or corporation defaults [closed]

As far as i know for every dollar/euro/yen in the money supply pool there is a corresponding IOU in a bank or central bank. My question is how the system can track down and withdraw the excessive ...
2
votes
1answer
52 views

How does my higher rate tax on savings interest get paid. **UK, pre-2016**

I earn over £42k, the limit for higher rate tax. See here. This means I have to pay higher tax on my savings accounts. See Here. Higher or additional rate taxpayers You must pay extra tax on ...
3
votes
0answers
64 views

Can return fees be reimbursed from an HSA?

Suppose I buy some prescription eyeglasses from an online site. Then suppose after I get them I decide I don't like them, and I return them. In such a case, the seller may charge me some fee (e.g., ...
0
votes
0answers
35 views

IRS (USA) Form 843 - How much time you have to file?

While I was on F1 Visa, my employer witheld social security and medicare taxes for me in error, and has declined to process a refund. IRS has a form 843, which allows you to petition IRS for a refund ...
0
votes
1answer
37 views

Can I deduct state and local taxes on a 1040A form?

I just finished filing my 1040A tax form when I read that I may be able to deduct state and local taxes from my federal filing. I can't tell though if there is a way to deduct this on a 1040A form or ...
0
votes
1answer
55 views

What portion of my salary will be taxed during my internship in Washington state?

If my salary is $6500 a month, and I intern for three months, how much can I expect to lose to taxes?
3
votes
1answer
77 views

How can someone claim themselves as a dependent?

I'm filing my taxes on a 1040A form and I noticed this line No one is claiming me as a dependent, so does that mean I should count myself as an exemption? What would that even mean?
3
votes
1answer
121 views

Low-interest 30yr mortgage - can the bank pull a fast-one?

I'm on the cusp of signing a 30-year fixed mortgage at 3.8% interest (I might even be able to negotiate it down to 3.6%). Looking at historical interest rates, it's a dead-certainty that interest ...
2
votes
2answers
130 views

Does a 401(k) contribution harm your Debt-to-Income ratio for a mortgage application?

If I contribute to a 401(k) at work, and thus have a lower W-2 income box 1 (Wages, tips, other compensation), will this hurt my debt-to-income (DTI) ratio on a mortgage application? I wouldn't think ...
4
votes
2answers
75 views

Treasury Direct requires Medallion for verification, how can I get my bank to do it?

I attempted to sign up for an account at Treasury Direct. Apparently they couldn't validate who I was based on the Address, Bank Account Number, Bank Routing Number, Social Security number, AND State ...
2
votes
1answer
30 views

Must I wait to resubmit my return on Free File Fillable Forms?

I used Free File Fillable Forms to submit my income tax return. After submitting your return you are supposed to hear back from the IRS within 24-48 hrs as to whether they accepted the return. There ...
0
votes
2answers
40 views

How to find a suitable investment product for my ISA?

I'm looking for a specific kind of ISA product and simply can't find what I want. Here are my requirements: An ISA (I don't mind what type so long as the rate's 1.5%+) Lump sum initial payment (from ...
0
votes
2answers
49 views

Can you dispute a negative credit reporting?

I have an above average credit rating and am very responsible with any payments that need to be made. After moving out of my last apartment, I paid all of the rent and never received another bill for ...
0
votes
1answer
29 views

Home Equity Line of credit features and overview

I have a very recent mortgage. I only have about 7% of equity on the home. I've made about 5 payments so far and everything is going smoothly. Now I have a family emergency requiring me to borrow ...
3
votes
0answers
74 views

Indian won a contest in US. I got 1042-S claiming 30% tax. How to file?

I won a contest and the sponsor paid the money without withholding tax against my W8BEN. I am Indian citizen and I have to file taxes to US from India. I have received 1042-S claiming that I have to ...
-1
votes
1answer
46 views

Contribute Federal and State withholdings to company 401k instead?

So I am attempting to devise a way to max my company retirement account. They offer 3% of my annual pay if I put in at least 6% of my annual pay. The problem is that I don't want to take a giant ...
0
votes
0answers
24 views

Depositing an insurance check made out to a foreign ltd into a personal US account

I own a boat which is registered in the BVI's in an Ltd. name. There is no business and thus no bank account for it. I am a U.S. citizen with a regular U.S. bank account. I incurred boat damage and am ...
3
votes
2answers
123 views

What are the guidelines for a loan between private parties?

In the United States, I am considering a deal with a very close friend that would involve a loan. Please no answers warning about the potential emotional problems this poses. It's not a concern. I'm ...
0
votes
1answer
33 views

American trade Hong Kong financial markets (specifically index options)

How can an American get access to the Hang Seng index and index options? This trades in Hong Kong, but really exposure to Hang Seng stocks and derivatives (and index options) in general would be good. ...
0
votes
0answers
31 views

Tax deduction of advisor fees?

Is there a tax advantage to paying advisor fees from a regular IRA vs paying from a cash account?
0
votes
0answers
82 views

Should I claim my rental property was not rented at fair rental value?

So for all of last year my ex-girlfriend rented out my upstairs apartment. When we first broke up she talked me into giving her a discounted rent since she was only going to stay "for a couple ...
3
votes
1answer
33 views

How does a CFD work behind the scenes?

I'm curious as to how the Contracts For Difference (CFDs) work. I understand how they work for the consumer side - you enter into an agreement to pay/be paid the difference between the stock price at ...

15 30 50 per page