All Questions

3
votes
0answers
21 views

Relocation to US

I am relocating to Texas from India along with my family in the month of July 2019 to pursue a Phd. In order to effect a smooth transition, would like some advice on how to setup things to manage my ...
-2
votes
1answer
31 views

Help on Unknown Currency/Country code

Are the below valid Current/Country codes: BML IPE IPF NBR NUL NYM If valid, can you point to the correct source?
2
votes
1answer
51 views

Acquisition - what happens to stock?

It was announced in October of 2018, that IBM will acquire Red Hat (RHT) for 190 per share. I have shares of RHT. Current price is in the 180 range. What will happen next? Will my shares be converted ...
1
vote
1answer
16 views

AMT credit against regular tax

I live in California. After having paid AMT for the last few years, this is the first year when my regular taxes are higher than AMT. This seems to mean I have accrued AMT credit over the last few ...
2
votes
2answers
70 views

Do I have to pay estimated taxes?

I had a financial windfall in 2018, pre-paid taxes to account for this, and ended up getting a refund. Turbotax included several 1040-ES forms for paying estimated taxes for 2019, I assume based on my ...
0
votes
0answers
27 views

Why is the 1-year return of Mirae Asset India Equity Fund - Direct - Growth is being calculated as 10.6%?

According to Groww, 1-year return of Mirae Asset India Equity Fund - Direct - Growth is being calculated as 10.6% according to the data pulled on 15-Mar-2019. However, I am not being able to verify ...
2
votes
0answers
47 views

Ought a 63-year old working hotel employee contribute to his RRSP?

Global News, MoneySense, the Wealthy Barber, and Reddit are too broad. But if we apply them to the facts on my dad beneath, then my dad oughtn't contribute to RRSP, correct? He's 63 years old, and ...
0
votes
1answer
20 views

How to square a rising share price with the company diluting the value of its existing shares [duplicate]

Company A's share price in the market continues to rise while at the same time, the company keeps announcing that they are issuing new shares for multiple M&A transactions. How is this possible ? ...
0
votes
3answers
43 views

Do I need to calculate Alternative minimum tax?

I am a full-time employee at an organization. For the past two years, my financial case is incredibly straight forward. (1) For 2017 as well as 2018, I was single with no dependants. (2) I took the ...
0
votes
0answers
21 views

US Taxes Free Fillable Forms Error [duplicate]

I'm getting an obscure error using FreeFillableForms. The error does not appear to be on the standard table of X000-005 errors. Issue : Business Rule X0000-005 - The XML data has failed ...
3
votes
2answers
84 views

Do I need to report a critical health condition years after I signed-up for three insurance companies?

I need help with some simple questions related to insurances that I purchased. I hope that any insurance agent here can answer them, at least briefly. I have not been able to contact the insurance ...
4
votes
0answers
45 views

Sold wall map as fundraiser for a 501c3 non-profit. Need to report on tax returns? How?

In my spare time outside of my full time job, I produced a wall map for as a fundraiser for a 501c3-registered non-profit organization. I then sold the maps via FundRazr.com and money from sales was ...
3
votes
1answer
56 views

Schedule C vs. Schedule E for rental income

I own a few residential rental properties in the United States. I actively manage all of them, although this is not my full-time job. The properties are owned by an LLC of which I am the sole member. ...
33
votes
9answers
6k views

What (if any) is the reason to buy in small local stores?

Recently I have heard movements from the local stores (say clothes, electronics, foods, etc) and some politicians (of a particular wing) that argue that you should buy in local, small stores. ...
0
votes
2answers
65 views

How do I record my spouse's payment in shared credit card account?

I've created a credit card liability account. My spouse shares my credit card and makes several purchases on it as well. Each of us makes a payment directly against that account at the end of the ...
0
votes
1answer
36 views

What does “on non-bad debt and open balance accounts” mean here?

This sentence is from a policy of an organization I found on a leaflet. Can anybody please explain or paraphrase it for me? "on...debt" and "open balance accounts" are confusing me. "If the patient ...
0
votes
0answers
15 views

California depreciation options for Rental house landscape

I can use Bonus depreciation (100% for 2018) on my federal taxes for my rental house landscape project, or depreciate it over 15 years. What are my options for California taxes, since they don't do ...
2
votes
3answers
62 views

Why would an option's price not change with the underlying?

I saw a stock increase about 1.5% this week, but its June 2019 in the money option price didn't move. 'Last' has been the same for awhile, but I thought bid/ask (what my broker uses to decide the ...
2
votes
1answer
96 views

What state do I pay taxes to, if I'm nomadic?

Let's say I live in an RV and move camps every week or month, moving between states frequently. When tax time comes, which state do I pay?
0
votes
1answer
20 views

Medical expenses incurred during HSA and later filing

I have past medical expenses that I could not pay with HSA money since I ran out of HSA funds. That is, I maxed out what I could contribute for the year and used it for other medical expenses. I ...
1
vote
0answers
41 views

Now that I'm 59 1/2, should I pay off my HELOC by withdrawing from my IRA?

Maybe someone here can help me figure this out. I turned 59 1/2, and I have an IRA with about $500K. My wife has recently semi-retired and has started taking her social security, but I am still ...
0
votes
1answer
19 views

How can I calculate my cost basis for GENERAL MTRS CO WTS EXP 07/10/20?

About ten years ago The firm holding my money put some GM bonds into my investments. The records are gone and now the bonds are called: GENERAL MTRS CO WTS EXP 07/10/20.
0
votes
0answers
8 views

How do Rent Concessions affect the DC Renter Tax Credit?

I live in a rent-controlled apartment in Washington DC, and my landlord engages in a scheme to get around Washington DC’s rent control laws. How it works is that my nominal rent is $2000, but I get a ...
1
vote
1answer
34 views

Do scholarships and PhD stipends count as taxable compensation for Roth IRA limits?

The maximum amount you are allowed to contribute to a Roth IRA in a given year is either a certain dollar amount or your “taxable compensation”, whichever is lower. Now I am a PhD student who gets ...
1
vote
0answers
24 views

What were quarterly values of the MSCI “WMA Private Investor Income Index” (TR) for the last 5-6 years?

In the UK, the WMA indices are quite popular with "wealth management" types for benchmarking performance of clients' multi-asset portfolios. I'm interested in finding the historic values of the WMA ...
1
vote
3answers
120 views

What jobs to gain knowledge on finance?

I don't have former experience or education on finance, but I want to find a job in finance so I can gain more knowledge about it to help secure the future financially. I have a strong background in ...
1
vote
0answers
35 views

How to calculate capital gain on gold coins in Canada?

In case of purchasing multiple gold coins (assume same kind of coin) on several occasions, for the purpose of capital gains tax calculation upon resale - does one have to calculate adjusted cost base ...
2
votes
0answers
26 views

USA IRS - CANADA CRA Dual Status Return

A little background first: We (myself and my spouse) were resident aliens (for tax purposes) until June 2018 on a F1 visa. We left USA and moved to Canada in June 2018 (less than 183 days in 2018), ...
2
votes
1answer
37 views

When should I file 1040X if I filed wrong tax form

I am a F1 student non-resident alien and I e-filed 1040 by mistake. The wrong form has already been accepted several days ago. I learned that I must file 1040X to correct my mistake. Here are some ...
2
votes
1answer
73 views

What happens to the shares (of company A) in a “brokerage account” when company A gets bought?

I understand what happens to the shares of a company when the company is bought. What is not clear to me is if I own those shares through my account in a brokerage firm (e.g. Vanguard, Schwab, eTrade),...
0
votes
1answer
59 views

How do I unlock my Gnucash file to continue working on my accounts?

My file is Murphy.gnucash. There is a file called Murphy.gnucash.LCK in the same folder. When I open my file in gnucash, it gives me these options: Open Read-Only Create New File Open Anyway Quit ...
14
votes
9answers
2k views

Are ETF trackers fundamentally better than individual stocks?

My situation: I am mostly interested in long-term dividend-paying investments. My philosophy is "only sell if the company becomes fundamentally worse", so I only pick stocks of companies I feel ...
5
votes
1answer
47 views

What is the earliest I can file a self-assessment tax return in the UK after the tax year ends

I have overpaid tax in the UK this tax year, and for cash flow reasons, it would be best to get this back as soon as I can by filing a tax return as soon as possible after the year ends. How quickly ...
1
vote
1answer
31 views

How to handle rental income shared with my spouse on Schedule E

I and my spouse are filling a separate 1040NR. We have both our name on a property that we rent. How do we fill the Schedule E if the income is shared between partners? Let say for example that we ...
3
votes
0answers
59 views

Do I need to sell my shares during a merger proactively

I hold shares in the publicly traded company I work for. This company is now being acquired via a cash merger by a second company. They put out a press release expressing their intent to buy all ...
3
votes
2answers
316 views

ETF asterisk clause meaning

I'm choosing an ETF, and reading this KII document, I'm not sure what this sentence means. Can anybody expand this language with an example? Is this typical for an ETF? To the extent the Fund ...
3
votes
4answers
177 views

What are some risk involved in buying an apartment with rent 2 buy?

Disclaimer: I am going to live in my city with a very low chance of moving somewhere else. I am currently looking for viable options for buying an apartment. The traditional way is to save up 15% and ...
2
votes
1answer
104 views

Credit line opened without my authorization

Some company signed me up for this credit card without my knowledge and now the account is showing in my Mint.com credit report and lowering the average age of my credit lines, and hence my score. I ...
2
votes
1answer
46 views

Should Canadian contractor ask US client to pay into a US or Canadian bank account?

A Canadian [citizen] independent contractor, living in Canada, will take on a US client. The contractor is operating under their sole proprietorship business name which is distinct from their actual ...
2
votes
0answers
37 views

How can I notify the CRA of intent to contribute to an RRSP?

I currently have an RRSP through work that I contribute to. However, the amount is significantly smaller than my annual limit. I have a self-managed RRSP separately and contribute sizable amounts. ...
1
vote
1answer
61 views

Unvested Stock Part of Overall Compensation Package

As part of my overall compensation package I was granted RSUs that are not all vested yet. I will be layed off on 4/5/19. Since the stock was part of overall compensation for time that I clearly was ...
1
vote
1answer
120 views

A man wants to send me money? Not sure if it’s a scam [duplicate]

A man claims he wants to send me money to my credit card. He wants me to send him a picture of both the front and back side. He claims that he’s going to send it to his accountant and put me on a ...
1
vote
1answer
67 views

Deducting self-employed ACA health insurance premiums paid for next year

I'm self-employed and paid my January 2019 ACA health insurance premium at the end of 2018. I assume I can deduct this on my 2018 taxes since I use the cash accounting basis. But what if my 2019 ...
4
votes
2answers
514 views

Is Mortgage interest accrued after a December payment tax deductible?

I have a Mortgage that I make monthly payments on. In December 2018, I made a payment toward that mortgage part way through the month (let's say December 15th for simplicity). The interest is ...
2
votes
2answers
197 views

Extra pay being reclaimed

Recently my employer payed me a salary adjustment. I though it might be an error so I contacted HR. HR assured me it was my money and I was entitled to it. Now they are telling me it was in fact an ...
-1
votes
0answers
101 views

has anyone implemented the trading system from “Rocket science for traders”? [on hold]

I've got my hands on the book, studied it and eventually implemented the trading system it develops towards the end of the book in C++. My simulations, though, differ very much from his. One possible ...
29
votes
7answers
8k views

Do I need life insurance if I can cover my own funeral costs?

I'm fairly well off and could cover the cost of a funeral out of personal savings and investments. I'm also single, in my late 20s, and live alone. Unfortunately, my family (parents and siblings) aren'...
2
votes
1answer
49 views

Could my FSA from my previous job disqualify me from doing an HSA with my new one?

I had my previous job 2015 through August 2018. Near the start of the job, I remember contributing something like $200 to an FSA. I regretted my decision (since I hate dealing with FSA complications) ...
5
votes
1answer
85 views

Can a local IRS office provide more help than by phone or mail?

tl;dr: the IRS made a mistake regarding my 2016 tax return, and after a year of phone calls and letters back and forth they can't seem to fix it. Is there a good chance I'll have any better luck by ...
2
votes
1answer
53 views

Download tax return before filing to show to accountant

I like using turbotax to gather my information, but I'd like to work with my tax advisor to review what I'm filing before actually submitting the return. Is there a way for me to show my tax advisor ...

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