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0
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0answers
20 views

Is there a bank I where I can open a multicurrency account within the UK that allows free currency conversion from GBP to USD? [closed]

I currently have a Revolut account and if I'm not mistaken I can transfer £1000 a month free of conversion fees to USD. I'm now looking for a bank that will allow me to do the same but more more than £...
3
votes
1answer
23 views

How to start paying US taxes as a dual citizen

I am a UK/US dual citizen; born and living in the UK. I have travelled to the US several times, but never lived there. My family's attitude towards US taxes has always been "stay off the IRS' ...
0
votes
1answer
38 views

Level 2 Ask Price

In the market depth image shown, watching in real-time, I noticed this behavior. The ask volume (260,000) wouldn't change even though transactions on the right kept hitting the ask price in volumes ...
0
votes
1answer
53 views

How does the wash sale rule apply when trades in quick succession net positive?

This is probably best illustrated with an example: Day 1: I buy 10x AAPL for $1000 Day 2: I sell 10x AAPL for $2000 ($1k gain) Day 3: I buy 10x AAPL for $1000 Day 4: I sell 10x AAPL for $500 ($500 ...
2
votes
1answer
24 views

Tax treatment of earnings when making a in-service rollover from After-Tax 401k to Roth IRA

My employer offers three categories under 401k: Traditional Roth After-Tax The Traditional and Roth are well-known and like the Traditional and Roth IRA. The sum of contributions to these are capped ...
2
votes
1answer
42 views

Who to pay local taxes to if I have lived in multiple locations?

Pretty straightforward. I have lived in multiple locations (within same state) throughout 2020 and as a result find it a bit complicated to determine who I owe local taxes to? Do I prorate? Do I just ...
0
votes
2answers
40 views

Sell to Open PUT - Assignment of shares before long expiration

I would like to sell 5 contracts (Sell to Open - Cash reserved PUT) for stock C3AI with expiration of Jan 23 for a strike price of 60 (Stock trading at $69 at this moment). That gives me $9800 premium....
1
vote
0answers
12 views

How is GST/HST treated when you file corporate tax?

FOR CANADA: Let's assume I make $100,000 in sales with a 13% HST tax = $113,000 in a year. Also let's assume zero expenses for the year. I pay $13,000 in HST. Are my corporate income taxes on $100,000?...
0
votes
1answer
34 views

How to find platform to invest in Canadian ETFs from overseas?

I am intending to invest in Canadian ETFs. I reside overseas. Although I have Canadian SIN, I do not have a permanent address in Canada at the moment. I searched online for platforms which can allow ...
0
votes
1answer
14 views

Gnucash OFX import transaction dates are wrong?

I have exported transaction data from my credit card company in OFX format. When I import it into Gnucash, the dates that show for the transactions are off by a day or two compared to the dates on my ...
16
votes
10answers
4k views

What is the purpose of budgeting if all I need to do is look at my bank/credit card statement?

I have read over Reddit's wiki on budgeting. I rarely pay with cash so I already have a record of transactions I made with payment cards. My pay stubs are e-mailed to me. So what's the point of ...
0
votes
1answer
71 views

When converting CAD to USD on Interactive Brokers Trader Workstation, should the price of USD.CAD be as high or as low as possible?

Please see the orange box in the screen shot from my Interactive Brokers Trader Workstation software. Do I want that price to be as high or low as possible? I'm guessing low, correct? Because USD = ...
1
vote
0answers
65 views

Stimulus check never received, how do I alert the IRS and claim i before the 2020 deadline?

I am eligible to receive all three stimulus checks bit I am living abroad. I was told by the IRS that they sent the first two but I never received them. I do not have access to the original checks and ...
0
votes
1answer
49 views

Relation between fair market value and preferred price

Continuing on Why is there a significant disparity between 409A valuation and fair market value? Is there a formula for deriving preferred price from FMV? Does it change based on how many rounds the ...
0
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0answers
29 views

Stimulus check never received, should I claim it on my US tax return? [duplicate]

I am an American citizen living abroad. I never received my economic impact payment checks even though they were apparently sent to my address. I understand that I can claim the money on the 1040 tax ...
5
votes
1answer
124 views

Will my property taxes change if I get it appraised for PMI removal?

I have studied questions around Mortgage Insurance removal and various experiences (mostly painful) with lenders in this process. I had budgeted and readied myself to make a principal payment to bring ...
1
vote
1answer
19 views

Is it possible to apply for ITIN when an original passport document or a certified copy of it can't be filed as supporting document?

My wife need to apply for ITIN so we can file our joint tax return for the first time. She is not a US resident yet, so she can't apply for SSN. According to W-7 instructions, we need to file the W-7 ...
0
votes
0answers
26 views

How many years of delinquent FBARs must I file?

I have never filed an FBAR before, but in 2019 I should have done. Do I need to therefore file FBARs for 6 years prior? Or only file the delinquent 2019 FBAR?
4
votes
1answer
72 views

Investment Accounts For People That Regularly Change Country

I would like to invest ~$20,000 a year, ideally mainly in funds. I am a British Citizen however I regularly move country, roughly once every 2 years. I have been in the UK for the past 2 years and ...
2
votes
2answers
65 views

Optimizing Savings Allocations

I am currently trying to decide the best way to allocate my savings, and I would appreciate your input. I am trying to budget roughly based on the idea of using 50% of my post tax income for ...
1
vote
1answer
59 views

What happens when this company goes from the OTC to NYSE?

Agiliti Inc. (OTCMKTS: AGLY) is trading in the over-the-counter market right now and it will be listed on the NYSE very soon. What is the price reaction of this stock on the IPO day? Will the price on ...
3
votes
1answer
83 views

US stock market: How do odd lot orders get filled if they are not advertised to the public?

I recently asked Why didn't my buy limit order become the highest bid? when my odd lot (1 share) buy limit order did not appear in the public list of bids. If odd lot buy orders do not appear in ...
-2
votes
3answers
89 views

What would happen to the price of a high-demand, no-supply asset once liquidity reaches 0?

If there was an asset with a fixed supply and ever increasing demand, what would happen to its price once all holders of said asset refused to sell? Obviously this is practically impossible, but just ...
0
votes
0answers
24 views

Calculating VAT on a discounted order with multiple VAT rates (UK) [closed]

I'm building a POS system on behalf of a client for restaurants. Different items in an order might have different rates of VAT. Some orders might have a discount applied to the order total. I'm ...
1
vote
2answers
90 views

Submitted tax return for 2020 with correct numbers but forgot to disclose information - how can I update it?

I've just sent off a tax return (I just forgot to include schedule B, even though it does not change any numbers and I still owe nothing). I am well before the tax deadline and if I had waited a few ...
6
votes
2answers
962 views

Is it more difficult to cash in an IRA with multiple funds?

If my Roth IRA has contributions to multiple different funds will it be any more difficult to get the money out when it's time to retire? Would I just sell each of the funds and close the account or ...
0
votes
1answer
29 views

How to remove the gap from the chart in TWS?

TWS shoes a gap for the time which the market is offline. How to remove the gap? Is there any way to see the pre-market and aftermarket time but hide them for the tickers which are not exchanged out ...
0
votes
0answers
85 views

Is this mutual fund good [closed]

Can funds like this be regarded as passive? What are the typical risk associated (defaults, etc.)? Since it has quarterly payout, I don't think it would allow re-investment of the payout which ...
-1
votes
0answers
86 views

Are stock market charts inaccurate? [closed]

I still remember that in Feb-March, there was a market correction that caused the S&P 500 and DJIA indices to fall 11-12%. However, the falls around this period (or any other period in the last 6 ...
1
vote
3answers
93 views

Can you give me a real world example where tiered taxes are used for sales tax

Tiered taxes are where one rate applies to amounts below a certain threshold and another for amounts above that threshold, there can potentially be multiple tiers. Example: below 6,000.99 = 7% 6,001-...
0
votes
0answers
16 views

Do I need to file a tax return if I have to file an FBAR (US citizen living abroad)

I realized I needed to submit an FBAR for the previous year. I earned less than the income threshold, so I didn't submit a tax return. Do I need to now submit a tax return in addition to the FBAR? Or ...
0
votes
1answer
60 views

Do I need to file a tax return if my net capital gains are very low?

I am college student who is claimed as a dependent on my parents' tax return. At the start of 2020, I decided to step into investing and I swing-traded stocks and crypto throughout the year. At the ...
1
vote
1answer
55 views

Will my surgery bill be covered by Medicaid if I just started a new job?

I had a knee surgery while i was on medicaid. The hospital hasn't billed me for the surgery yet. I will start a new job soon. Will Medicaid still pay for that surgery?
2
votes
1answer
100 views

Not tracking cash, paying for others

I am new to GnuCash. I don't want to track cash money. Money withdrawn from the bank account should be considered spent. I have an Expenses:Cash account for this. Now I have the situation that I payed ...
3
votes
1answer
53 views

Given a tax advantage account and a non-tax advantage account, should trades be concentrated in the tax advantage account?

TL;DR: If my investing strategy is a mix of ETFs (50% value, rarely traded) and stocks (50% value, more frequently traded), is it advantageous to do the stocks trading in the tax advantage account and ...
4
votes
1answer
44 views

Can I buy an overseas property using the bonus from a Lifetime ISA?

I have a Lifetime ISA but am looking to move overseas in the next few months. I am yet to buy any property and thus my first property purchase will most likely be overseas, can I use my Lifetime ISA ...
0
votes
0answers
61 views

What software do hedge funds/Professional bankers use as a charting tool? [closed]

I’m asking because I’m just curious. What software do hedge funds/Professional bankers use as a charting tool? Do they use Tradingview or TradeSpider like retail investors? Or do they use something ...
0
votes
0answers
29 views

Cannot find first round (May 2020) stimulus check. Is there hope? [duplicate]

I'm not sure if I misplaced it or I never received, but I never deposited my first covid-19 stimulus check that I was supposed to receive May 2020. I paid my federal taxes in 2020. Can it be replaced ...
1
vote
0answers
20 views

What happens if send low value swift payment via BEN?

I am wondering what happens if I made a low value swift payment (e.g under £10) which is less than the transaction fee. Would the payment be rejected?
7
votes
2answers
672 views

Are negative coupon bonds possible?

I am aware that negative yield bonds are possible (e.g. by selling a zero coupon bond at a price greater than par value). Are negative coupon bonds possible? I have not found any real-life examples of ...
26
votes
5answers
9k views

Someone asked me to login to his bank account and make transfers to another account

Someone I knew online asked me to log in to his account in Pioneerbanking.online and make a few transfers for him as he "couldn't do it by himself for a couple of reasons". I foolishly did ...
-3
votes
0answers
49 views

Seeking an explanation for a line from a textbook [closed]

"The repo rate of the time works as the guiding rate for the current discount rate". Please justify the statement. I am quoting it from Indian Economy by Ramesh Singh.
2
votes
1answer
101 views

Wife created her own SNAP/EBT (Kentucky) case while on my mother-in-laws case, can this really lead to an investigation?

I'm not overly familiar with SNAP/EBT policies, my girlfriend and daughter were on my mother in law's case(we live on the same property) but after a disagreement my wife called and removed herself ...
-2
votes
0answers
24 views

Is a firm's effective tax rate zero if a company only has deferred income taxes in a given year (no income taxes, just deferred)? [closed]

I know that effective tax rate can be calculated as income tax expense / earnings before taxes, but if a company's financial statements list no income taxes and list only deferred income taxes, would ...
0
votes
0answers
31 views

Why wouldn’t I invest in NYSE:UPRO over something like NYSE:IVV? [duplicate]

I recently came across this 3x leveraged etf of the S&P 500 (NYSE:UPRO). I understand that it’s a risky investment, but I still see way more reason to buy it over any other thing that tracks the S&...
0
votes
3answers
125 views

When To Use High Dividend Funds

I recently heard that one way to retire is to accumulate enough wealth and then invest in a high dividend portfolio. That way, you can live off the dividends and not have to sell your stocks. So you ...
1
vote
1answer
60 views

How do I find the probability of a sold put being assigned?

I read where if you sell a put you should make sure that the probability of being put the stock is no more than 30%. This is assuming of course that you don't really want to own the stock. How do I ...
2
votes
1answer
47 views

Do I need to amend 2019 tax return?

Chase bank sent me 1099-MISC for $50 signup bonus when I opened a new account in 2019. I forgot to add this form while doing my taxes. This link says 1099-MISC should have at least $600. Since it is ...
3
votes
1answer
97 views

Why didn't my buy limit order become the highest bid?

I am trying to buy a stock that is $307 bid and $312 offered. I placed a buy limit order for 1 share at $307.10. However, the best bid remained at $307.00. After an hour, the best bid is still $307.00....
0
votes
2answers
60 views

Can I lose money on a Forex cross currency trade even if the currency pair goes up in value?

My question applies only to cross currency pairs. As an example, imagine my home currency (the currency I am buying with) is USD, and I intend to buy 5 units of the EUR/GBP currency pair. To keep the ...

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