All Questions
38,960
questions
0
votes
0
answers
3
views
In what situation is owning a home better than renting and investing in the stock market?
In what situation is owning a home better than renting and investing in the stock market? if you were to use broad measures such as historical averages for home price, stock market returns and real ...
- 201
2
votes
2
answers
180
views
What are the specific financial implications of not being a US citizen after a spouse dies?
Given a normal marriage in the US. Given that couple has a 1 million dollar home and about the same in savings and the deceased spouse has 1 million in 401k what are the implications of the other ...
- 4,695
0
votes
0
answers
10
views
Receiving Freelance Payments as an NRI: NRE vs. NRO Account
As an NRI residing in Singapore, I completed freelance work for an acquaintance in India. Now, I'm seeking advice on the most suitable method to receive payment: Should I use an NRE or NRO account in ...
-3
votes
0
answers
51
views
scams Unique Options FX? [closed]
Unique Options fx website claims a lot of things, honest, trustworthy, transparent, and guaranteed results just to name a few. They claimed I would receive my disbursement after paying a fee. However ...
0
votes
1
answer
44
views
Trust Checking Account
I am the beneficiary of an intervivos trust. There are two trustees and I am one of the trustees. The trust has two brokerage accounts. Both trustees must approve all distributions from the trust. ...
- 1,773
0
votes
1
answer
42
views
401K Rollover Tax Question
I recently rolled over my employee 401k to an IRA at a different financial institution. In that 401k, I had made both taxable and nontaxable contributions. Since retiring, I’ve been receiving required ...
0
votes
1
answer
40
views
Is there a paperwork difference between buying US based vs foreign based stock which trades in nyse?
With our US based stock trading or IRA, if we buy and sell foreign based stock listed in NYSE such as BABA, BHP, JD, SHEL, AZN etc... (randomly selected examples) is there are difference as far as ...
- 145
0
votes
0
answers
72
views
Can I claim the equipment cost as expenditure of my (small) business?
I am using freetaxUSA, but I am not seeing the result that I want, or maybe I am misunderstanding something.
I want to claim the cost of my GoPro as my business expense for my YouTube channel. I also ...
- 111
4
votes
5
answers
3k
views
What happens if you own a stock and the firm becomes liable about something
Lets say you own a common stock of a very large firm, and then the company loses a case, or had data breach etc.. etc.. and has to pay money to others. Will you, as a stock owner be liable to pay ...
- 145
1
vote
0
answers
35
views
Trying to identify where fees where deducted in seemingly domestic transfer
I use a gaming website (Sorare) that allows me to hold funds in USD. I decided to initiate a withdrawal and the fee shown on their site for the withdrawal was $0.25 and they use MangoPay as their ...
- 1,283
0
votes
1
answer
76
views
How much does having an installment loan in your credit history matter vs simply having a good credit score?
Let's say you want to buy a starter home (at a reasonable budget for your income level) and have an excellent credit score of ~800, but you have zero history of taking an installment loan (student, ...
- 178
4
votes
2
answers
3k
views
The last letter of my name is missing on my bank account information, should I keep trying to fix it?
I live in Mexico and I've got my first debit card. I have three names, in total (counting spaces) I need 21 characters to write them. After realizing that the last letter of my last name is missing on ...
- 143
1
vote
0
answers
46
views
Can I be held liable for tax obligations by simply accepting Ordinary Shares without further action?
I've been granted the opportunity to accept a certain number of Ordinary (voting) shares with a nominal value of £0.01 each, along with an exercise option. This option allows me to exercise these ...
- 111
1
vote
2
answers
74
views
How can I know the historical returns for a Vanguard bond fund, disregarding changes in share price?
This question is really about bond funds in general, but Vanguard funds are what I have experience with, so the details of my question and screenshots will be specific to them. But I hope this ...
- 141
0
votes
1
answer
109
views
Is it a good idea to take a loan just to build borrowing history? (United States)
Context
My current car, a hand-me-down from a family member, is 10+ years old with ~100k miles and starting to have enough problems that maintenance costs are quickly piling up. Over the last 2 years ...
- 178
5
votes
1
answer
1k
views
Can $3000 of already existing capital losses be used in next year instead of current year?
Let's say for someone who has modest ordinary income this year, but next year expects significantly more income - is it possible to defer usage of capital loss to the next year? Or, is this person ...
- 709
0
votes
0
answers
19
views
How to do bulk import .csv to Portfolio in Google Finance?
Google Finance has a nice and free of charge Portfolio monitoring tool https://www.google.com/finance/portfolio
How to do bulk import of my operations instead of clicking '+ Investment' hundred times?
...
- 171
0
votes
1
answer
26
views
How to Calculate Excess Real Estate Taxes with two home offices?
My wife and I each have a home office in our home. I am using Turbo Tax to do our taxes, and it seems that our property taxes exceeded the $10,000 deductible limit.
We get asked the same question for ...
- 143
0
votes
1
answer
27
views
FICA refund on H1B as a non-resident while performing work outside the US
My question is similar to the one here and concerns my 2022 US tax return: Federal income tax as nonresident alien working outside of USA remotely for US employer
For 2022, I filed as a non-resident (...
0
votes
0
answers
33
views
When do proceeds from futures settle?
When does my money I used to buy a futures contract and the proceeds I got from that contract convert back into buying power. Is it then end of each session, the next day, or two days after I sold my ...
0
votes
2
answers
203
views
2023 Fed Tax - I am owed a refund, but I am unable to file on time, do I need to file extension
For 2023 Federal Tax I am owed a refund but I am unable to file on time
Do I need to request an extension?
When I google this, non-IRS websites say no, I don't need to file extension if I am owed a ...
- 373
0
votes
1
answer
81
views
I've been offered to join a company with a base salary plus shares but i have no experience in this. Can someone please help?
I've been offered to join a small company with a base salary plus share and the current owners are willing to negotiate the terms. Company is a pty ltd (Australian).
Knowing the above, can someone ...
- 1
0
votes
0
answers
52
views
How can I buy out co-inherited property from sibling who is the executor of the will? [closed]
Excuse me for the long drawn out introduction.
This property was willed to myself and my sister in 2010, at which time we were supposed to both become executors of the will. However, at that same time ...
0
votes
0
answers
55
views
What are the tax implications of having a rent-free lodger
First, this is all for a piece of fiction I am writing and takes place in summertime Colorado, not far outside Denver.
A young woman (eighteen) has been kicked out of her parents house after her ...
- 101
0
votes
0
answers
35
views
Received a 2023 W-2 from a former employer with retirement Plan box checked
I switched jobs in Nov. 2022. The former employer provided 401(K), and the new employer (a small firm) required 1 year waiting period for 401(K) plan participation and can only enroll in January and ...
0
votes
0
answers
52
views
How does China maintain the soft peg?
As a central bank, if you want to keep your currency low you can just keep buying foreign currencies (which is selling your own currency) to satisfy all the demand for your currency and prevent ...
1
vote
1
answer
108
views
Why is the IRS asking about digital assets?
I noticed the IRS is always asking about digital assets for income tax but doesn't appear to do anything with it in any of the forms, at least the ones I deal with. On the 1040 we see the following ...
- 1,431
-1
votes
0
answers
56
views
What is an average living cost for a foreigner living in Japan?
I plant to move to Japan and start my new life there, but I need plan my expense, I have nothing in Japan, I don't need very accurate figure, and I know it depends on a lot. I am single and you can ...
- 1
-1
votes
0
answers
24
views
Inexpensive source for hourly OHLC data [closed]
Can anyone reccomend an inexpensive but reliable source of hourly historical OHLC (or, I believe equivalently, hourly candlesticks) for the ES ETF emini S&P 500 index future?
For my purposes I ...
- 109
3
votes
1
answer
339
views
Late IRA contribution with changing filing status and income limits
My wife and I got married in February. She has a Roth IRA, but she did not hit the contribution limits for 2023. I am considering making a late contribution to make sure we are taking full advantage ...
- 133
-1
votes
0
answers
47
views
Keeping my solo 401k but hiring an employee [closed]
My wife runs an in-home preschool which is licensed as a daycare. She has a solo 401k for herself. Every year she contributes the maximum value to this 401k which is currently $23,000 for personal ...
- 1,294
0
votes
1
answer
64
views
How much tax do I pay if my deductions are more than my taxes owed?
To begin, I would like to say that I am 19 years old and this is my first time paying taxes for myself, so please inform me if I am not approaching this correctly. Be wary of a little bit of math.
I ...
0
votes
1
answer
76
views
Content creator tax obligations
I create music and upload to YouTube. I bought equipment, editing software, etc for my band last year (2023) but I just started releasing the videos on Youtube this year (2024).
Can I still claim the ...
- 105
2
votes
1
answer
90
views
FBAR reporting for accounts held for a part of the previous year
I should know the answer to this but (obviously) don't even though I have been filing FBAR for a few years. This is a new situation this year --
Do I have to include accounts that I held for only a ...
- 271
0
votes
1
answer
48
views
Should I convert my rental unit into an LLC for tax purposes?
I have a rental unit (condo). I would like to know if it's better to just keep it as a rental unit or put it under an LLC and if the tax implications change?
Currently, it's fully a rental unit (owner ...
- 105
0
votes
1
answer
46
views
How to mail quarterly estimated taxes using multiple money orders?
How would one make a quarterly estimated tax payment using money orders when the amount to be paid that quarter is greater than the limit on a money order? Let's assume other options such as online ...
- 123
0
votes
0
answers
19
views
What are the settlement times trading futures in a cash account
So I’ve been trading options for almost a year now and have decided to give futures a try. I have a cash account not a margin and know that with options once I trade all the settled cash in my account ...
-3
votes
0
answers
47
views
What percentage of all US dollars in existence are exchanged on an average day? [closed]
I've seen estimates that approximately $8.27 trillion exist in the USD money supply. What I'm trying to determine is what percentage of all USD in existence is exchanged on a given day. I'm ...
0
votes
0
answers
32
views
What are the consequences of breaking a lease and leaving the country as non-citizen in Ohio
I have a lease until the end of September 2024 in Ohio. I’m a non-citizen who is going back to his home country in the beginning of May. I might have a cancer and I don’t have an insurance in the U.S ...
0
votes
1
answer
58
views
Credit Expenses when someone contribute to my expenses. Is it right to do that?
I rent out my flat. The renter pays rent plus certain amount of money to cover some part of common charges.
I receive the sum of rent and provisions for common charges in my bank.
I split the amount ...
- 1
0
votes
1
answer
59
views
Transferring assets to child
I am a US citizen. I would like to transfer my financial institution account (with all assets) from my name to my adult child’s name. Can I do this and file 709 to show the value as a gift? What are ...
- 171
1
vote
1
answer
33
views
How can I withdraw from ATM by my VakifBank card in the Philippines?
I have a VakifBank debit card. That is a Turkish bank, and my bank account involves US dollar, Euro, and GBP accounts too. And I can change the money in these currency to Turkish Lira through my bank ...
- 111
0
votes
1
answer
57
views
how to invest in short term UK government bonds at x-o.co.uk brokers?
I have some money idle at my x-o.co.uk ISA. as interest rates are quite healthy,
I'd like to invest in UK government bonds of a few months terms.
no idea how to do this, as I'd need the ticker codes, ...
- 21
2
votes
1
answer
118
views
Am I owed another paycheck for the month of March?
I am paid on a semi monthly basis. My original pay dates were the 15th and last day of the month. On March 1 our pay dates changed to the 5th and 20th of the month. I didn’t receive another check ...
- 21
1
vote
0
answers
32
views
UK SIPP allowance
If I have 10k of rental income and 10k of earnings from employment? What is the maximum amount I can pay into a SIPP?
I assume this would be 8000 and claim 25% tax so paid 100% of earnings into ...
- 193
0
votes
4
answers
111
views
how do in the money options work
if i buy a call with a strike price below the current market price, could I sell it immediately for a profit? How does a strike price below the current market price work.
- 1
1
vote
1
answer
172
views
How to pay quarterly estimated taxes when IRS doesn't let me pay online?
I moved to the US in 2023. I'm a citizen. I started earning income in 2023. I work as a software engineer as an independent contractor. This means I need to pay quarterly estimated taxes. I don't ...
- 123
0
votes
0
answers
74
views
Does an adult child living at home still gets the standard tax credit?
If someone, age 19, lives with their parents, works part time, do they still qualify for the standard tax credit? The person earned $2584 last year. The tax preparer says she owes $390 in taxes.
- 1
0
votes
2
answers
77
views
Equipment purchase for client
I have a small business. In FY2023, I (my small business) purchased an equipment on behalf of a client for which the client reimbursed me, therefore, the payment appears as income. The equipment is ...
- 1
1
vote
1
answer
34
views
NJ Employer health insurance offerings
How do you find out what health insurance plans are offered by employers in NJ to their employees? Is there a website I can look at? Thankyou.
- 11