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What are the tax filing requirements for a non resident alien with a K1?

For 2023 I am a non resident alien, actually a resident of the UK. I held USO or United Staes Oil fund in my brokerage account between February 2022 and March 2023 not knowing that is not an ETF but a ...
ggy's user avatar
  • 11
1 vote
0 answers
7 views

Are there overall limits to de minimis safe harbor expenses?

I have a short term rental property in California, USA. In 2023 I made multiple independent updates such as new appliances, entertainment equipment, furniture. Each of these are individually invoiced ...
Matthew's user avatar
  • 3,128
0 votes
0 answers
17 views

Why people are contrary to the cancellation of treasury shares with no reduction of share capital?

In a share buyback, the company buys its own share for example in the open market. The bought shares can be retired or kept as treasury stock (reference). One such operation was carried out by ...
robertspierre's user avatar
0 votes
2 answers
50 views

What should someone do when a partial fax is sent to IRS due to connection problem?

My question is mainly about what should happen and how to deal with partially sent fax form? As a foreign owned US LLC should send 1120 + 5472 by fax to 855-887-7737 I did this for years no issue but ...
user3509046's user avatar
2 votes
1 answer
39 views

Moved from AL to CA last year and got reimbursed

I moved from AL to CA and my employer reimbursed me up to a certain amount and I paid taxes on the reimbursement amount as well from my paycheck. So wanted to know if that's something I can claim ...
Tan's user avatar
  • 267
0 votes
1 answer
28 views

Should I wait to file 2023 if I am amended 2020

Last summer, the IRS sent me a notice saying that I didn’t file part of my W-2s in the year 2020 and that I owe an amount of $2900 I am currently on a payment plan department while I get the amendment ...
Deanna Horton's user avatar
0 votes
1 answer
65 views

Moved from CA to WA, will CA refund me all the with-held payroll taxes?

Moved to WA on Mar-end, and my last paycheck from CA was received on mid-Mar. As a result, I've received 2 x W2s. One for CA income, and the other for WA income. As far as I understand, given I spent ...
Yugal Jindle's user avatar
1 vote
0 answers
31 views

Pay As You Earn loan filling jointly

My wife(US) has a debt in Germany for a master, she's paying on a pay as you earn, and since now we are married we filed the taxes jointly, and my income made the 1040 be the triple of the 1040 she ...
Matteo's user avatar
  • 11
5 votes
1 answer
796 views

What investments for US expats don't trigger taxes on unrealized gains

As is well known, if you are a US citizen but don't live (or even never have lived) in the US, investing is complicated. Most investment capital gains are taxed in both countries. Even worse, if you ...
WetlabStudent's user avatar
3 votes
0 answers
55 views

My husband became a custodian on our son's 529 plan when my mother-in-law passed . Does the 15 year clock start all over again on IRA Conversion?

My mother-in-law opened an account for our son when he was very young. She died 10 years ago, and the change in custodian resulted in a new account registration. So, although the account looks like it ...
Rebecca Cuff's user avatar
1 vote
1 answer
65 views

DCFSA - I was ineligible; can I somehow use that money?

My spouse does not work, and I contributed into DCFSA (under the IRS limit) without knowing the rules. We have child-care expenses in the year, but I don't believe we can use it according to the rules,...
user101998's user avatar
3 votes
2 answers
158 views

Why would an employer not allow state reciprocity?

I let my not-for-profit employer in Virginia know I was moving to Pennsylvania, and not until AFTER I moved did they tell me it was not an approved state for reciprocity. Why would they not allow an ...
dianne anthony's user avatar
0 votes
0 answers
70 views

Can you use this for account information PayPal.Me/username?

What is someones PayPal account information that you fill in for cash earning apps to send you the money that you earned from their app? 1.) Is it your email [email protected]? 2.) PayPal.Me/username? ...
John Munoz JJ's user avatar
0 votes
1 answer
208 views

Is copying other traders insider trading?

I just read this article: https://www.cnbc.com/2021/09/17/insider-trading-suspicious-bets-made-before-goldmans-2point2-billion-acquisition-of-greensky.html This part intrigued me: "Volumes went ...
ronald christenkkson's user avatar
1 vote
0 answers
101 views

Does Capital One Buying Discover Revive My Capital One Debt?

I never paid a Capital One CC debt and now have a Discover card. After the proposed sale of Discover to Capital one can Capital One transfer my old debt to the Discover account that I have and ...
Bert's user avatar
  • 11
2 votes
0 answers
66 views

Child Tax Credits are ending. Why would they send me a renewal pack?

Child Tax Credits are ending in 2024 and eligible users are migrating to Universal Credit. The letter ending Child Tax Credit payments for someone not moving to Universal Credit nevertheless states ...
EleventhDoctor's user avatar
0 votes
1 answer
79 views

Does paying for some travel-related service (e.g., Airbnb) via installment payments (e.g., Klarna) count as travel with Rewards World Mastercard Card?

Assume a Bank of America's Rewards World Mastercard Card is configured so that it has a 3% cash back in the travel category. Does paying for some travel-related service such as Airbnb via installment ...
Franck Dernoncourt's user avatar
3 votes
3 answers
531 views

Fixed-income fund question (dividends may be paid out of capital)

So there are a lot of fixed-income funds, and the ones focusing on non-investment grade corporate bonds seem to produce a lot of interest (around 7~8% each year). Now my question is almost all of them ...
ronald christenkkson's user avatar
0 votes
1 answer
45 views

Can I get Lifetime Learning Credit as a nonresident alien if I am a resident alien for tax purposes?

I have been in the US for 8 years as an F1 student and I am a nonresident alien, but I am a resident alien for tax purposes. Can I claim LLC?
Ellie's user avatar
  • 1
0 votes
0 answers
41 views

Medical Transfer Apartment Lease

I did a medical transfer from one apartment to a smaller one. I wasn’t given a date of when everything needed to be removed from the old apartment. Can I be charged rent on both apartments if I was ...
Tina Wallace's user avatar
1 vote
1 answer
71 views

Question about claiming help with mortgage payment as income

I recently bought a house and moved in with my girlfriend. I am 25 year old male in a relationship for less than 3 years. I purchased the house by myself. My girlfriend is not on the loan or the title....
Zach's user avatar
  • 11
0 votes
2 answers
80 views

How to fill out a W-4 for a job when you're also self-employed, if your self-employed income puts you in a different tax bracket?

I've been self-employed for a while, and am now starting a second job with an employer. I'm a bit confused as to how I should complete the W-4 - I just want to make sure I'm paying the correct amount ...
iamtea's user avatar
  • 3
0 votes
1 answer
29 views

Estmating Sales Tax & Deduction (specifcally U.S. Texas)

I am a bit confused regarding the calculation of a sales tax deduction, in this case in Texas, U.S. where there is no income tax. I am using TurboTax and it is estimating a sales tax deduction of ...
AA040371's user avatar
  • 321
3 votes
1 answer
87 views

How can I see a stock's key events in a Google query?

In this screen capture, this person is able to bring up Nvidia's key events when doing a google query for the stock, however, when I do the same I get a lot of information on the stock but one thing I ...
cakeenjoyer901's user avatar
1 vote
1 answer
51 views

Why do these two formulas for free cash flow differ?

I am working through a chapter on the cash flow statement of "Fundamental Analysis for dummies" while at the same time running some of the formulas on a real life example of one company's ...
Blargian's user avatar
  • 123
2 votes
0 answers
63 views

Wash sale and excess replacement shares

Let's say I had 10 shares of XYZ. On Dec 1 I sold 10 shares for XYZ for a loss ($1 per share, total $10). On Dec 2 I bought 20 shares of XYZ (single lot). So previous sale (On Dec 1) was a wash sale. ...
Andrey's user avatar
  • 21
2 votes
1 answer
518 views

Do charitable deductions apply to long term capital gains, or only ordinary income?

Let's say I have an income of $100k and long term capital gains of $500k. If I make a charitable donation of $200k cash, will that first reduce my ordinary income by $100k and then my LTCG by $100k, ...
Flanko's user avatar
  • 21
0 votes
0 answers
82 views

Insured is missing in another country

My father created ILIT. He is 91 years old. About 5 years ago he went missing. We think he may have gone to Romania. There is approximately $400K in it. It would be split 7 ways as I have 6 sisters. ...
Grace A Noll's user avatar
0 votes
1 answer
78 views

How do daily quitable insurances ever make money in Germany?

I am having a look at renter legal insurances in Germany refer. The Bavaria direct says I pay 11.12 euros a month to get a rental insurance, and I should, in theory, be able to get a lawyer who ...
tryst with freedom's user avatar
0 votes
1 answer
59 views

Why do futures allow higher leverage?

Why do futures allow higher leverage? Shouldn't the risk of a futures contract be the same as the spot. In that case, why would brokers feel more comfortable handing leverage to futures traders vs ...
Joe C.'s user avatar
  • 101
1 vote
1 answer
48 views

Costs deductible for vacation home built remotely with a builder

I built a vacation home with a builder and sold it two years after completion. My main home is in Texas, the second home was built in Arizona. Costs for construction of the home and costs for ...
Billy Crash's user avatar
0 votes
1 answer
112 views

Fake TD bank draft

I sold my car in ICBC office in Vancouver, the buyer came with the fake driver license and fake bank draft. I deposited the bank draft via mobile app and it was accepted. Then I signed the paper, ...
MED's user avatar
  • 1
0 votes
0 answers
66 views

Is it legal to use "yfinance" for trading with real money? [closed]

As mentioned on their website, yfinance is for research and educational purposes. I have seen some discussions that it is not advisable to use yfinance for trading with real money (see this, this, and ...
N N's user avatar
  • 119
0 votes
0 answers
37 views

Assuming a bullish stock, any advantage in using LT RSUs to fund exercise cost of ISOs?

Example Present Information: Example Dummy Stock: GGG | Stock Price @ $10 Super bullish and so assume the value of the stock price will go up. ISOs: 10,000 with SP @ $5.00 (All vested, just not ...
ssurendr's user avatar
  • 101
0 votes
2 answers
110 views

Could employees of s&p 500 companies elect employee friendly board members

Individual employees often hold stock in the company they work for through grants, stock purchase plans, 401k/Roth investments, HSA accounts, etc. either directly in the stock or indirectly through ...
mtmind's user avatar
  • 1
0 votes
1 answer
63 views

Should I file taxes if I opened Amazon seller account but never used it?

Me and my husband entered the US with F1(him) and F2(me) visas. He was a fully funded PhD student and we used to send our tax papers jointly. Last year we filed for EB2-NIW visa to get a Green Card, ...
best_of_man's user avatar
-1 votes
0 answers
52 views

Give me same information about thay stock exchange [closed]

my name is Dany Watson and I am a businessman I invest in various companies and currently, I am working on SIP calculator a tool that helps me. So you can tell me more information about the stock ...
Dany Watson's user avatar
1 vote
1 answer
24 views

Is NetPPE and Net Fixed Assets the same thing?

I'm trying to calculate the ratio mentioned in Greenblatt, Joel. The Little Book That Still Beats the Market by hands, and quote: Return on capital was measured by calculating the ratio of pretax ...
daisy's user avatar
  • 569
-1 votes
0 answers
28 views

Non resident alien Real Property tax and stock loses

I am a non resident alien and own a house in Florida, If I sell it, how much do I have to pay in capital gain? I had some losses on stocks I sold last year, if I have to pay capital gain taxes on the ...
Javier Cabrera's user avatar
3 votes
2 answers
486 views

Is there a 0% capital gains bracket?

Currently I'm on the upper end of the 0% capital gains tax bracket. In 2023 I made $3K from interest, $3K from dividends, and $37K from long-term capital gains (no other income). When I calculate my ...
Zachary Vance's user avatar
2 votes
1 answer
1k views

Is the yield of a 30-year bond, issued 29 years ago and maturing in 1 year, equivalent to that of a 1-year bond maturing on the same date?

The question assumes both bonds are US Treasury bonds. I'm seeking clarity on whether the difference in original issuance date and remaining time to maturity impacts yield parity between these bonds. ...
StatsScared's user avatar
3 votes
2 answers
76 views

IRA in a margin account

I understand that an IRA can't be held in a margin account, or at least margin can't be used. What I didn't know until recently is that the IRS can declare the entire account distributed if it's in a ...
Carey Gregory's user avatar
-1 votes
1 answer
66 views

Wash Sale Rule on a new repurchase and sale of the same stock

A newbie here! I have PayPal stock for over two years and my total return/losses is over -$2000 now. I bought and sold $700 of new stock a few days ago, for tiny profit, and I just found out about the ...
joe w's user avatar
  • 1
8 votes
3 answers
3k views

Are contactless cards more secure than "insert required" cards?

I have been using my credit card in Asia. Vendors frequently commented that what I was doing was insecure because my card didn't require a PIN and was not contactless. I got a new card that is ...
Ken - Enough about Monica's user avatar
1 vote
1 answer
118 views

A scheme for more efficient house-check

When I consider an apartment to buy, I usually call an engineering company and ask them to check the apartment for any physical defects that I cannot notice by myself (In Hebrew this process is called ...
Erel Segal-Halevi's user avatar
1 vote
1 answer
65 views

How is total debt calculated in yahoo website?

I'm looking into the balance sheet of MLI, https://ca.finance.yahoo.com/quote/MLI/balance-sheet In the most recent quarter report, Current Debt is 556K Long Term Debt is 1301K The total debt should ...
daisy's user avatar
  • 569
1 vote
1 answer
51 views

Estate tax exemption amount question

The Congress passed the Tax Jobs and Cuts Act during Trump's tenure as the president. One of the facets of this law was the doubling of the Estate Tax exemption from around 5 million to 11 million. ...
ronald christenkkson's user avatar
0 votes
2 answers
263 views

Sister bought me out of house. What taxes do I owe?

My mom signed over her house five years ago for a dollar each. It was already paid off. My sister lived in it for the past five years. We agreed to sell it or she would buy me out at the five year ...
Callinbull's user avatar
1 vote
1 answer
82 views

Clarification on the 6-Month Yield Point on the US Treasury Yield Curve

Can the 6-month yield point on the US Treasury Yield Curve represent yields from securities originally issued with longer maturities (e.g., 1 year) but now have only 6 months left until maturity? ..Or ...
StatsScared's user avatar
2 votes
2 answers
181 views

Reason for stock not selling at current price

I looked for duplicates but couldn't find any that matched or explained the issue. I was just doing a test with a couple of really cheap penny stocks. They trade throughout most days and one in ...
AbraCadaver's user avatar
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