Questions tagged [united-states]

For questions that relate to the laws, practices, and products of the United States.

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9
votes
1answer
2k views

Do x-year treasuries become y-year treasuries (x-y) years later?

My understanding is that treasuries can be bought and sold (which is what causes their changing interest rate because of their changing price). Since they aren't static/locked assets, does that mean ...
2
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2answers
123 views

Is it possible to force-update Equifax that a specific credit card balance has been paid off?

I called credit card issuer and they told me that they reported the latest $0 balance to credit bureaus. I logged in creditkarma.com and can see that at least Transunion report shows latest $0 balance ...
1
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0answers
60 views

Opting out of advanced child tax credit payments - benefits?

Is there any benefit to opting out of the advance payments on the child tax credit (2021)? As far as I can tell, worst case, is you end up with a bigger tax bill next year and maybe an underpayment ...
3
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1answer
145 views

Mortgage Company did not discharge lien when loan was refinanced - New Jersey Mercer County

I am in desperate need of some help having exhausted my options I had refinanced my home loan in 2012 through Amerisave mortgage company and as part of the refinance Amerisave paid off CitiMortgage - ...
0
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0answers
32 views

Filling w8Ben as an independent contractor India

> 10. Special rates and conditions (if applicable—see instructions): The beneficial owner is claiming the provisions of Article and > paragraph ______________ of the treaty identified on ...
0
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1answer
79 views

Does it often make sense to sell an equity while it still is a short-term loss?

Let's imagine Juanita. Juanita pays taxes in the USA. Juanita bought equity XYZ on January 1 and sold it for a profit of $100 a month later. Thus, it was short-term gain. Juanita also bought equity ...
1
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1answer
97 views

How is it possible for the shares of a privatized company to still be traded on the US OTC stock market?

At one point, Noble Group was among the largest commodity trading firms in the world. During 2015-2019, the company was accused of accounting fraud, reported huge losses, and was facing insolvency and ...
0
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3answers
366 views

After paying off your home, could you sell it to a confidant for $1, then buy it back for $1 in order to get lower property taxes in CA?

In California, property taxes are based upon the price that you paid for your home. Would it be legal, or even feasible, that when you finally pay off your mortgage, that you sell your home to a ...
0
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2answers
51 views

What options, if any, exist for a penalty-free transfer/rollover of a TIAA 403(b)?

My previous employer was a university with a TIAA 403b. Now that it's been over a year since I left, I am interested in transferring some or all of those funds to Vanguard, with whom I've had a Roth ...
0
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3answers
388 views

Can a 20% down payment actually hurt you?

Goal: avoid overpaying for a house. Scenario: $200k house 800+ credit score Conventional 30 year loan at market rate Conventional loan requires 5% down minimum I can comfortably afford 20% down Loan ...
0
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1answer
121 views

Are U.S government bonds completely liquid?

In the event of a market downturn like 2008, could I liquidate them whenever I wanted to at good price on a retail stock broker?
1
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1answer
59 views

Retirement Limits and Options

I know there are limits on retirement contributions, both pre-tax and after-tax; but I had a couple questions to make sure I understand how they apply precisely and manage them. Background: I have two ...
2
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1answer
59 views

What counts as a scholarship for 529 fund purposes?

I understand that when a beneficiary receives a scholarship the holders of a 529 account can withdraw the scholarship amount from a 529 account without incurring the 10% fee. In particular I am ...
1
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0answers
22 views

Filing the W-8BEN as a working professional on an F-1 visa

I am an Indian citizen currently residing and working in the US. I am working for a company while on an F-1 visa (on my STEM OPT), having graduated 2 years ago. I had a few questions regarding filing ...
8
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5answers
5k views

Company with high match for 401K vs IRA, which to choose?

I am fortunate to be at a company with a pretty high 401K match, 50% with no cap. Normally when I've saved in the past, I've done the 401K up to the amount matched, and then chose other savings ...
0
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0answers
31 views

Non-resident alien tax rate on income from TD Ameritrade's Fully Paid Lending Income Program

TD Ameritrade has a "Fully Paid Lending Income Program" that brokerage clients can join to allow TD Ameritrade to loan out the brokerage clients' shares. Clients are paid a 50% split of the ...
1
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1answer
61 views

May U.S. Companies Simultaneously Issue Stock Domestically and Abroad?

According to the SEC webpage on International Investing, "Some foreign companies list their securities in multiple markets, which may include U.S. markets." The example given regards ...
1
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1answer
61 views

Change last name on ITIN

How can I change my spouse's last name after marriage on ITIN? My spouse has an updated passport with a new last name. Is IRS going to send my spouse a new ITIN card? I was looking at this but couldn'...
1
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1answer
83 views

How fast will my credit score increase?

I have 12k in students loans (all of which isnt required to start making payments until Q4 2021) owed to non-government lenders, and have roughly a 1.5k credit balance currently, with 3 lines of ...
0
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0answers
16 views

What date am I supposed to enter on Form 1116 Copy 1 (Foreign Tax Credit) in Turbotax?

As a US lawful permanent resident, I'm filing for my taxes in the US. I have some dividends in a non-US brokerage account. What date am I supposed to enter on Form 1116 Copy 1 (Foreign Tax Credit) in ...
0
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1answer
54 views

Do option spreads affect the holding period of the underlying stock?

Say I have 100 shares of ABC that are currently short-term. If I sell an ABC put credit spread and close either or both legs within 30 days, would it reset the holding period on the 100 shares of ...
1
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1answer
343 views

All of a sudden my money supply cut off and I have no money, what do I do?

I'm done for. I said some things to my abusive manipulative father and he finally snapped. He's not paying for anything for me anymore. The only reason I still talked to him was because he was paying ...
-1
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1answer
71 views

Do you pay taxes on "phantom" transactions related to precious metal ETFs held inside a retirement account?

Precious metal ETFs (e.g. GLD) collect expenses from you by selling fractional shares on a month-by-month basis You have to pay taxes on these sales You have to account for fractional shares sold from ...
2
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0answers
62 views

Has there been any studies or economic theories regarding HSA and whether to save/spend

HSA have triple tax advantage: Pre-tax contributions Tax-free growth Tax-free withdrawals for medical expenses If one planned to only use this money for medical expenses after retirement (62), is it ...
1
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1answer
74 views

on refinance does previous company return ALL extra money [closed]

I am trying to do a refinance and the new company is keeping some buffer amount to pay to the previous company. The previous company also has some escrow balance. At same time the new company is ...
22
votes
6answers
5k views

Do house prices increase faster in HOA or non-HOA neighborhoods?

I’m trying to decide if buying a house with a homeowner's association (HOA) is worth the headaches. A lot of websites mention that HOAs maintain housing prices better but I couldn’t find any specific ...
1
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1answer
106 views

Calculating the cost basis on a tax free Zero Coupon Bond

A tax free zero coupon bond is issued with a yield to maturity of 3.5%. After some time, an investor buys the bond at 50. ( 50 cents on the dollar ). When he buys the bond, the bond has a yield to ...
0
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1answer
110 views

Is it worth it to own precious metal ETFs inside a retirement account? [duplicate]

Is it worth it to buy precious metal (e.g. gold and silver) ETFs inside a retirement account (e.g. IRA, Roth IRA and 401(k)) to avoid the hassle of accounting for taxes on these trusts? Accurately ...
1
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1answer
200 views

Who/What keeps the record of the possession of stocks?

So who or what keeps record of who owns a share of stock? Can I have physical ownership of a share of stock? An example being a piece of A4 paper saying that I own 2400 shares of XYZ stock. What ...
0
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1answer
62 views

A Complicated Question regarding Roth IRA and backdoor

So here is the scenario. I have 600K in 401K Rollover Traditional IRA (Pre-Tax) I have 30K in Roth IRA I want to contribute to Roth IRA but my income is too high. If I take part of money every year ($...
0
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0answers
31 views

Are treasury bond yields pegged to economic growth?

Does the Fed factor in economic growth when determining the yields on bonds?
1
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0answers
50 views

How exactly does the trading mechanism in the OTC market work?

For a long time, I have wanted to understand how the OTC markets (US) work on a deeper level. I have read through the information on otcmarkets.com but find it to be rather basic. There are of course ...
1
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1answer
117 views

Will getting a second credit card raise my credit score like the first card I got did?

I just got my first credit card a few months ago and it had a huge effect on my score, raising it by about 90 points. Now my score is hovering around 600. I would like to get it up to 650 to increase ...
2
votes
1answer
108 views

What to expect differently in refinance v/s new mortgage in experience

I bought a home about 3 years ago and the mortgage process was tiring. The parties involved were appraiser, banker, underwriter and seller. Now I am thinking to refinance. Due to the number of ...
1
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0answers
20 views

What is the purpose of NSCC illiquid charges for low-volume stocks?

I understand the situations in which I will be charged an NSCC illiquid charge, and I have read: What are NSCC illiquid charges? From my understanding, stock brokers pass the NSCC illiquid charge to ...
0
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0answers
15 views

NPS[India] taxation in the US

National Pension Scheme (NPS) is a retirement account in India similar to 401k in US. If someone has a NPS account with money in it, and they become US tax resident, how it will be taxed. One needs ...
1
vote
1answer
49 views

Is there capital loss on called shares

I bought 100 shares of XYZ at $12.35 for a total cost of $1,235. I then sold an $11.50 call for $1.15, collecting $115. If assigned, will my sale price for the 100 shares be $1,150 realizing an $85 ...
2
votes
3answers
161 views

How does the process of buying a customized new car on the brand's website work?

Interested in buying a brand new car (in the US) for the first time, I went browsing through the websites of car companies to check prices and customization features. In that process, I noticed that ...
1
vote
1answer
92 views

Pay seller from escrow before closing on property so mortgage can be finished?

Let's say seller does not want to grant extension to buyer so his lender could finish mortgage paper work. However, buyer has enough cash on hand and is completely capable to pay seller by original ...
0
votes
1answer
51 views

Can rolling over a Defined Contribution Plan to a Roth IRA make investment earnings tax-free while avoiding Roth contribution limits?

My employer offers a Defined Contribution Plan (DCP) where I can contribute after-tax earnings. Investment earnings grow tax-deferred. There is an option to roll over DCP (after-tax) contributions to ...
-1
votes
1answer
114 views

(COVID) How to request fine reduction? (USA-NJ)

I have been renting a unit with Newport Management, Jersey City since August 2020 and have been on time with my rent for the past 11 months. For the last 6 months I am unemployed and have no income, ...
0
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0answers
46 views

Term For Business Entity Founded With The Sole Purpose Of Holding Non-traditional investment?

I've done some searching but have been unable to find info on what I'm specifically looking for. My guess is there's a specific term for this type of business that I don't know. Suppose I want to ...
2
votes
1answer
90 views

Is the employee-paid premium on a health insurance plan that is shared with a non-dependent tax deductible?

My health insurance premium for just me is $0. If I add my domestic partner, however, the premium goes up to $190. I know I have to account for imputed income, on the basis of the additional employer-...
0
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4answers
202 views

What is a reasonable return on investing a lump sum equal in value an American suburban house? [closed]

I recently sold a house. I have no wish to buy another house with the proceeds. I also have no wish to have manual control (for lack of a better term) over how the money is invested. I know absolutely ...
0
votes
1answer
85 views

Converting Portion of 401K Rollover Traditional IRA to Roth IRA

I have a 401K (Pre Tax) plan rollover to a personal Traditional IRA. I also have a Roth IRA account. Currently, I do not contribute to the 401K plan, since it was from a previous employer. I do ...
0
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0answers
16 views

HSA transfers after rollover within past 12 months

Can HSA assets that have been rolled over within the past 12 months be transferred without tax implications? Request a rollover distribution from Custodian A Deposit funds distributed by Custodian A ...
0
votes
1answer
90 views

How can I benefit as an individual investor in bonds, from increasing of bond yield?

I'm a beginner, What do I benefit as an individual investor in bonds, from bond yields increasing ? If I bought a 10 years treasury bond at the beginning of this year with a yield of 1 and then it ...
1
vote
1answer
28 views

Is tax liability from a trust distribution, made in payment on behalf of the beneficiary instead of to them, defered to the beneficiary?

For trusts that can distribute income to the beneficiary's tax bracket... When filling out a 1041 for a trust, instructions are a little ambiguous on income distribution deductions. No mention of if ...
0
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1answer
90 views

If I get a credit card without providing a SSN/ITIN, will they still report my activities like normal?

I am a new student in US with no SSN/ITIN at the moment. I want to apply for unsecured Bank of America credit card and secured capital one and citi/US bank credit cards. But I don't know if I get ...
0
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1answer
63 views

Do secured and unsecured credit cards have a different effect on credit history/score?

I have a regular credit card from Bank of America, and I want to apply for another secured credit cards from capitol one and citi or US bank. What I want to know is: 1- Are there any differences ...