All Questions

0
votes
0answers
18 views

Capital gains tax for F1 visa holders?

I am currently on F1 visa and planning to invest in U.S. stocks. Could someone explain how much is the tax on any capital gains? Both long term and short term?
1
vote
1answer
110 views

Does an unused overdraft help or hinder credit score?

Whilst at university, I was given an interest- and fee-free overdraft of £2000. I finished uni a few years ago by now, and the interest- and fee-free deal has now ended. I don't use the overdraft at ...
5
votes
3answers
19k views

Disadvantages of online checking accounts?

My parents helped me set up checking and savings accounts through Wells Fargo when I was a teenager and got my first job. Only now, ten years later, I’m realizing that the Wells Fargo accounts aren’t ...
1
vote
1answer
39 views

How to calculate return on capital for calendar year?

For an options portfolio, I'd like to calculate return on capital from Jan to Dec. These are monthly options that are held for a few days to months. There's a couple of problems with trying to ...
1
vote
2answers
127 views

What kind of bonds are ideal for short term investments

I have money in my bank right and I want to acces them in 1-2 years. I am not willing to take the risk in a stock portfolio, but willing to make bond investments riskier than buying government bonds. ...
2
votes
1answer
163 views

Can “Trustly” be trusted with my bank credentials?

To add money into my PayPal wallet I have to use Trustly. Trustly connects to my bank account and draws the funds from there. In order to connect to my bank account I need to provide them with MY ...
3
votes
0answers
123 views

Capital gains tax and HMRC. What is the definition of a lodger and is there a difference between a friend staying a few months and a lodger?

I have two friends living with me and they only pay bills (no rent) and I wondering if I would be liable for CGT on the period they live there? I don't take any rent from them at all and they are ...
1
vote
1answer
80 views

Capital Gains Tax - rented my flat at no real profit for a number of years

I have been letting my home to lodgers on and off for a few years to friends for no profit or a considerably lower profit (30% -50% of market value). I don't consider it a business or a money making ...
1
vote
1answer
28 views

Capital gains tax calculations - percentages per year of increase or at sale (UK)

Purchased house for £100,000 in 2008 Sold house for £200,000 in 2017 The house was let out entirely for the duration of ownership. My income for 2017 was under the tax free allowance. Now, to ...
1
vote
0answers
9 views

How do I use MI-1040D for capital gains/losses in other states?

Say we have a full-year nonresident of Michigan, who has wages of W, attributable to Michigan, and a capital gain of G from selling stocks. Since they are a nonresident, the capital gain should not ...
1
vote
1answer
46 views

What is the type of other incomes like referral bonus on line 21 of Schedule 1(Form 1040)

I got the joining bonus for the bank account and the referral bonus for a credit card. I didn't get any 1099 document from bank and credit card company. So I am trying to write these incomes on line ...
1
vote
0answers
20 views

Need help in recording mutual funds on tax returns [duplicate]

If I record the proceeds and costs of all short term and long term mutual fund transactions, why are there additional capital gain distributions? It seems like double taxation.
1
vote
0answers
49 views

Received a tax refund check after my business' checking account is closed and the entity's dissolved

I had an LLC and closed the LLC's checking account. Then the LLC was dissolved a few months back. A couple days ago, I found out that my business received a tax refund check two months ago, but I'm ...
1
vote
0answers
68 views

Forgot to check “Yes” in the question about the foreign account

In 2017, using Credit Karma, I filed a tax return by must have said "No" to the question about foreign accounts. The max aggregate balance of all my accounts in 2017 was under $10,000 so I didn't have ...
1
vote
3answers
116 views

Does compounding frequency have any bearing on the return on investment?

If I take 100 dollars and put it into a savings account that pays me 5% annual interest which compounds monthly. At the end of the year I will have $105.12 If I take the same 100 dollars and invest ...
1
vote
1answer
45 views

Capital Gains and Capital Gain Distributions for a mutual fund

I'm currently working on my tax return for 2018. I have taken my 1099's and calculated short term and long term capital gains and losses for my mutual funds where basis is reported and unreported. ...
0
votes
0answers
22 views

Trading or Investing on Equities Annual Taxing in California

Trading Imagine an individual trading account for 2018 fiscal year increased from ~$100K to ~$200K Total amount of trading transactions were at >~$20M Imagine for a married couple with another ...
2
votes
1answer
60 views

Invest in Motley Fool 100 through UK ISA?

Is it possible to invest on a Motley Fool 100 based index through a UK ISA?
3
votes
0answers
50 views

Motley Fool US v UK?

Does anyone know the relationship between the Motley Fool US and the Motley Fool UK? A few years ago, fool.co.uk was a lively web site with very active forums. Then it changed into something that ...
1
vote
0answers
33 views

UK shares Investment advice

Having read the Motley Fool UK Investment guide many years ago, I have invested in various index trackers through ISA over the years and am very happy with this. However... I just read the (US) ...
1
vote
1answer
40 views

Are stop loss orders stored at the broker or on the exchange itself?

When a stop loss order is not active yet (stop price has not been hit), is it stored at the broker or directly on the book of the exchange? In other words: Does the broker send the order to the ...
1
vote
0answers
27 views

H1B Status, married with 2 kids( US born), can i include them as Dependents if they stays with me less then 180 days?

I am on H1B visa status and saying in USA from last 5+ year. My wife staying with in usa from last 3+ years and i have two kids US born. Current year my wife and kids went to out of country more than ...
1
vote
2answers
58 views

Safe to work for an LLC with an owner involved in lots of things?

I am in the USA. I have only worked for public companies so far in my career. However, I recently received a nice job offer from a small company with < 100 employees. The company is an LLC that has ...
2
votes
1answer
103 views

Relationship between down payment and mortgage interest

I just got a new job in a new city in Ohio (United States), and my partner and I want to buy a home roughly a year from now. We have a year to save up, and I am making a financial model to look at the ...
1
vote
2answers
47 views

Is there any restriction when moving money from France to the US via bank transfers, and can this trigger some tax event or audit?

Is there any restriction when moving money from France to the US via bank transfers? Do I have to declare anything? Can this trigger some tax event or audit, and if so is it any threshold above which ...
1
vote
0answers
135 views

Single late mortgage payment is hurting me a lot

I'm from the US and I've recently applied for HELOC refinancing at a much lower rate (-2.00%), but underwriter has decided to deny the application due to a single late mortgage payment made in Jan ...
5
votes
3answers
494 views

Mortgage Pre-approval / Loan - Apply Alone or with Fiancée?

My fiancee and I are interested in buying our first house and are beginning to go through the process. We'd like to put 20% down to avoid PMI and are thinking ideally a 20-year mortgage. Between my ...
1
vote
2answers
57 views

Option Premium paid vs received

I understand what is the premium on an option. In case I acquire an option, the premium is considered as the price I pay to have the "right" to exercise the option. In case I sell an option, the ...
3
votes
2answers
85 views

Stocks and Shares ISA: fees, taxes, portfolio size

Is an ISA of this kind worth it for a portfolio < £2000? If so, are Stocks and Shares ISAs subject to any not-so-obvious fees for someone without previous experience (i.e. overnight fees)?
2
votes
1answer
56 views

Wrong SWIFT Code

I sent a wire from the US to France, however I noticed afterwards that my bank put the incorrect SWIFT code, the code they used was for a different branch of the same bank (Literally 3 streets away ...
60
votes
8answers
16k views

A newer friend of my brother's gave him a load of baseball cards that are supposedly extremely valuable. Is this a scam?

My brother is working in a union and has met a bunch of people and started making good money lately. Yesterday, a colleague of his needed a favor because his car broke down, so my brother spent the ...
6
votes
1answer
132 views

How to address error made on tax return two years ago by paid preparer (and the mess it has caused since)?

Just before April 15th of last year, a married couple I am acquainted with asked me to help them with their 2017 tax return. I agreed to do so for free (note: I am not registered as a paid tax ...
1
vote
1answer
147 views

Why was my request to discontinue PMI denied?

I received the following letter after requesting that my PMI payment be discontinued: After reviewing your account, I have confirmed we can't cancel your mortgage insurance premium (MIP) at this ...
1
vote
0answers
185 views

Talent Agency Scam?

I have been working with a Talent Agency in Florida and have spent about $2,000+ for a Showcase, Couple Classes (which i have attended online) and etc. I've already booked my ticket to go to the ...
1
vote
0answers
87 views

Prepay mortgage

Let's say I want to prepay my entire mortgage and I have 22 years left in my 25 years mortgage. In this case the bank imposes a penalty which is the yearly interest for three months. My question is, ...
1
vote
0answers
21 views

Fed MED/EE, Fed OASDI/EE and CA OASDI/EE visa status F1 - OPT

When I worked as intern on CPT, my employer deducted the following taxes from my pay check: Fed MED/EE Fed OASDI/EE CA OASDI/EE My tax agent said I need to request them to get that back or fill a ...
4
votes
1answer
191 views

Would gambling with a credit card negatively impact my credit score assessment?

To preface I do know that gambling is generally a waste of both time and money, and as such I do not gamble. Sometimes though I do match betting. For those that don't, know it is betting for an ...
-2
votes
3answers
260 views

How can I fund my bank account with a credit card without paying interest?

Been trying to figure this out. I was thinking of setting up my own website selling a service and using paypal to accept credit card purchases,then using my credit card to "buy" the service off my own ...
2
votes
0answers
39 views

Question regarding Opportunity Zone investing

With Opportunity Zones, you have 180 days to reinvest capital gains. I have capital gains from the sale of land through an S Corporation. I have received a K-1 outlining those gains from the S ...
1
vote
2answers
103 views

Formula for retirement withdrawal amount same as principal decreases

I created a retirement calculator The idea is if you save enough you can so when you withdraw say 4% you don't eat too much into your savings. But based on my calculation 4% of 500000 is $20k but ...
3
votes
1answer
851 views

Withdrawals from HSA

I understand that qualified withdrawals from HSA are tax free. If I am right in my understanding, then why are withdrawals deducted from the HSA contribution on form 8889 to determine the tax-...
13
votes
3answers
3k views

Etiquette around loan refinance - decision is going to cost first broker a lot of commission

We are in the process of doing a refinance. However, we just took out the original mortgage loan recently. The new loan is 3/8 of a point better than the original loan and we are going to save a lot ...
3
votes
0answers
24 views

How to report contributions to UK pension (USS) on US taxes?

I am a United States citizen living and working in the United Kingdom. I am enrolled in the Universities Superannuation Scheme pension plan. Do contributions to this plan need to be reported on my ...
1
vote
1answer
88 views

Negative state tax withholding on W2

An employee had elected to reduce their CT State Tax withholding per pay period, however they did not have enough calculated state withholding based on their pay to reduce the elected amount. They ...
2
votes
0answers
62 views

Retiring to Europe from California-Implications for taxes, drivers license & voting

I retired & moved to Italy April 2018. I will be living in Europe for at least ten years. In filling out my California state tax form, there was a question regarding whether I moved out of the ...
1
vote
0answers
74 views

Do I have the right to insist on my options being 100% vested if they are for work already performed last year?

I am getting some stock options for work I already finished last year, but they said it needs to vest for tax reasons. My lawyer said I don't have to pay taxes until I exercise my options which ...
5
votes
1answer
112 views

Student debt in arrears from living overseas- what to do?

I have been living overseas for 3 years and did not inform the student finance company (stupid, and totally my fault!) and they have recently sent me a letter asking to confirm my employment status- a ...
1
vote
1answer
54 views

Status of unused depreciation on improvements to rental property, at death of owner

How is "unused" depreciation for improvements handled, on real property at time of death? Imagine my uncle purchased residential rental property for $10,000 in 1950. In 2005 he added an enclosed ...
1
vote
0answers
29 views

Computing risk-neutral probability of spot rates

I am trying to use a binomial model to price options wtih bonds as the underlying security.If the current term structure is flat at 6%, but next year, I assume the one-year spot rate will be either 5% ...
3
votes
0answers
64 views

How can you leverage the benefits of an older spouse's retirement account?

Can a marriage with a large age gap and a young high-earning spouse benefit from, for example, a Roth IRA? Let's say Jack and Jill are married. Jill is 50 and makes $25,000/year while Jack is 25 and ...

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