All Questions
3,071
questions with no upvoted or accepted answers
12
votes
1
answer
346
views
How can I dispose of Lukoil shares legally?
I have an inherited investment trust account from my father, who died in 2019, which included approximately 10 shares of Lukoil stock, which has subsequently been sanctioned by the US Government. I am ...
- 121
11
votes
1
answer
722
views
With the Fringe Benefits Tax, should I even salary sacrifice for a car?
In Australia, some employers offer an option to salary sacrifice a car purchase. The cost of the car is taken from your pre-tax salary, so your gross income will be less, and therefore, your income ...
- 4,334
9
votes
3
answers
2k
views
Mega Backdoor Roth: Withdrawal consequences for in-plan vs out-of-plan conversion
My employer allows after-tax 401k contributions, and has an option for automatic quarterly after-tax 401k -> Roth 401k in-plan conversions. The other option for executing the mega backdoor Roth is to ...
- 121
8
votes
1
answer
348
views
Does Canada respect the tax-free status of National Savings certificates for residents who left the UK?
I know Canada and the UK have a tax treaty that is designed to prevent double-taxation. But I don't know if it extends to honouring the tax-free status of government-issued savings certificates.
...
- 181
8
votes
1
answer
180
views
Implications of brexit for UK-EU personal purchases and sales
Until December 2020, I was happily in a customs union with a lot of other countries.
If I needed to buy a hard disk for my computer, it was often cheaper (including shipping) or more likely available ...
- 2,586
8
votes
2
answers
1k
views
Are foreign banks in India safe?
This question is about the safety of foreign banks operating in India. I don't know how much people who are not familiar with Indian finance will be able to tell me, but I think it is on topic for the ...
- 317
8
votes
1
answer
8k
views
Tax treatment of dividends paid on short positions
If a retail investor holds a short position when the stock goes ex-div, they must therefore pay a dividend to the buyer of the short. What is the tax treatment for this dividend payment the investor ...
- 798
6
votes
1
answer
171
views
How do I calculate Private Residence Relief for a house I've sold where there was a loss, not a gain?
This question is likely specific to UK rules.
I've sold a flat which I lived in for part of the time I owned it. I'm trying to fill out the Inland Revenue's 'report my Capital Gains Tax' form.
I've ...
- 61
6
votes
1
answer
198
views
529 distribution pro-rata with multiple accounts
With multiple Roth IRA accounts, distribution ordering rules treat all accounts as one. Does this rule generally also apply to 529 accounts?
That is, if I am the owner on multiple 529 accounts, are ...
- 1,261
6
votes
0
answers
546
views
What is my cost basis for a stock I received when my insurance policy was demutualized?
Background:
My brother and I are co-beneficiaries of a trust that held an insurance policy with The Principal Financial Group, which Demutualized on October 26, 2001. At which time the trust was ...
- 52.9k
6
votes
0
answers
768
views
Starting a trust fund in an EU country
I'm in a sudden and unfortunate need of starting a trust fund (money being the only asset) in an EU country (I'm afraid I need to rule out UK as an option) for a minor (not a relative of mine) that ...
- 61
6
votes
1
answer
4k
views
Can closing a covered call and opening a new covered call trigger a wash sale?
In Jan 2019, I bought 200 QQQ (ETF) at about $160 and also wrote two covered calls for June 2019 at 170 (higher than the last day price) netting a small premium. Now QQQ is at about 185 so it will be ...
- 1,237
6
votes
1
answer
171
views
I'm still working but my payments are deferred due to Covid19. Do I qualify for unemployment insurance benefits?
I'm self-employed in California and my biggest client (>90% of my billable hours) is not able to pay due to cash flow disruptions related to Covid19. I've agreed to continue working and billing as ...
- 61
6
votes
2
answers
162
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 ...
6
votes
2
answers
357
views
In which country do I pay capital gain taxes, as a German with a US Internship?
This year, I did an internship in the US, and during that time I bought some stocks. Now I am back in Germany, and got dividend payments on these stocks, and also want to sell some of them soon. ...
- 183
5
votes
1
answer
67
views
I inherited a Roth IRA less than 5 years after a conversion, can I wait then take qualified distributions?
I inherited a Roth IRA from a parent. I am a designated beneficiary but not an eligible designated beneficiary.
IRS Publication 590-B for 2022, Distributions that aren't qualified distributions, ...
- 181
5
votes
1
answer
1k
views
What happens to SIVB put option holders?
As title implies - I own put options (Strike Price $125, exp. March 17 2023). I am wondering what happens to other owners of put options.
As we all know now, SIVB is in receivership. I do not own ...
- 51
5
votes
1
answer
320
views
Automatically combine transfers between my own accounts
I am using Gnucash for personal use, as a new user, and whilst I have managed to arrange my accounts as I wish I have an issue with importing my bank transaction data.
With my bank I have a set up ...
- 151
5
votes
0
answers
77
views
Social Security, expat, and small side business
I plan to retire soon. I am an American and I expect to get about half my retirement income from Social Security. I have not reached full retirement age. (I'll be 63.) I own a tiny side business that ...
- 22k
5
votes
0
answers
92
views
Do foreign debts require special treatment in a bankruptcy petition?
I have foreign debts, and I'm aware that while they cannot be discharged in the USA where I am filing, they still need to be declared.
My question is simply if they should be included with the ...
- 51
5
votes
0
answers
138
views
I just mailed my 2020 federal tax return with my NRA spouse's SSN left blank. What outcome should I expect & what course of action should I take?
I am a US citizen living in the UK with my British husband. I file my taxes as married filing separately and my husband is not required to file with the US so has no SSN or TIN. I sealed up and mailed ...
- 51
5
votes
0
answers
91
views
For 2021, What is the most Tax-Advantageous Way to Make a Charitable Donation that is Larger than my AGI?
I may be making a charitable donation this year (2021) to my school; it will be about 1.5 times my AGI.
What is the most tax-advantageous way to make this donation? If I make the donation in stock ...
- 1,890
5
votes
0
answers
444
views
Can a company cancel vested employee stock options on acquisition?
My company stock option plan contains the following language:
In the event that the company is subject to an Acquisition,
outstanding awards acquired under the plan shall be subject to the
agreement ...
5
votes
0
answers
102
views
What taxes does an Eritrean-American-Canadian citizen Canadian resident pay first?
I am a Canadian born to an American-born Canadian father and an Eritrean mother. We live in Canada, where I was born. I am a citizen of all three countries mentioned.
Because of insane laws, I am ...
5
votes
0
answers
218
views
Can I set GnuCash to denominate everything in a security (Bitcoin)?
I have all my personal finances in GnuCash. EUR is now my main currency.
The menus allow me to set the main "currency" to, naturally, currencies. I have bitcoin as a security. Can I set my ...
- 51
5
votes
0
answers
81
views
I'm a Canadian citizen and now a US resident. How do I close my Canadian RRSP and TFSA?
I am a Canadian citizen who moved to the US in 2009. I am now a US resident and Canadian non-resident. I still have a Canadian RRSP, TFSA, and bank account. I've filed FBARs since becoming a US ...
- 51
5
votes
0
answers
72
views
Is preschool closure (due to the pandemic) a qualifying event for Dependent Care FSA?
I'm trying to figure out of closure of my daughter's preschool meets the qualifying event criteria so that I can reduce my dependent care FSA contributions. I've read a few places online that change ...
- 233
5
votes
0
answers
563
views
Is there non taxable investment account (like UK ISA) equivalent in Switzerland? How does one make tax-efficient Swiss investments?
While we were living in the UK, we were using our extra money to invest in index funds via ISA accounts.
On these specific accounts, you do not pay Captial Gain Tax and they are excellent for long ...
5
votes
0
answers
68
views
Using an estate agent's solicitor
I know using a mortgage advisor connected with an estate agent is a bad thing to do. It reveals to them how much money you have and means you risk paying more.
However, I've now reached a state where ...
- 232
5
votes
0
answers
2k
views
Donating winning lottery ticket to 501(c)3 Private Foundation: cost-basis deduction + full tax free redemption for foundation?
US 501(c)3 Private Foundations are typically controlled by the primary donator, so that is a nice perk, but in exchange for that perk I realize the tax deductions for donating are significantly ...
- 20.2k
5
votes
0
answers
157
views
Euro rental income earned in Spain but can it be paid in Sterling in UK
I am a UK national with a property in Spain. The tenants of this property currently pay the monthly rental in Euros to my Spanish bank account but have asked if they can change this arrangement and ...
- 51
5
votes
0
answers
78
views
County tax credits for living and working in different states
I moved mid-year to Indiana, from Illinois. My employer remains in IL. For the entire year, my employer withheld IL state taxes. For the second half of the year, my employer also withheld local (...
- 277
5
votes
0
answers
133
views
Is there any reason I'd prefer having my school not report a 1098-T?
I didn't get a 1098-T from my school this year. I contacted them about it, and they said it wasn't required in my case, but they went ahead and issued it anyway since I asked. They also told me they ...
- 191
5
votes
0
answers
4k
views
NY State Sales Tax on Lease Transfer
I am hopeful that someone can help me understand New York State (NYS) Sales Tax with regards to a lease take over, in what seems to be paying tax twice.
So here is the scenario:
Person A leases a ...
- 51
5
votes
1
answer
412
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 ...
- 16.9k
5
votes
1
answer
338
views
State income tax : full resident, spouse part-year resident: joint return possible?
In 2018 I was a resident of New Jersey the whole year, but my spouse was a part-year resident: he permanently moved to Germany on August 1st and established his domicile there. After that date, he ...
- 151
5
votes
1
answer
365
views
Write off accrued interest from interest income
My mother purchased a US government bond maturing 2019/04/15. The purchase date was 2018/04/13, so there were 2 interest payments attributed to 2018 (2018/04/15 and 2018/10/15), but the interest ...
- 417
4
votes
0
answers
2k
views
I know it's a scam, but what is it?
From time to time I receive a message on Twitter like the following:
tavis
Login URL...eth0033.c o m
login name...Adam1986
password...1986Adam
assets≈41BTC
Help me transfer 0.7btc to your brother
...
- 895
4
votes
0
answers
97
views
Does someone going to college in another state need to file Virginia Taxes?
Our son (19) goes to college in MA while we live in VA. This year for the first time we did not include him as a dependent in our 1040. During 2022 he had an internship & research ...
- 151
4
votes
0
answers
77
views
What counts as different sources of income?
I'm a freelance writer (in US), but I also do some freelance video editing, programming, and virtual assistance along the side. I'm wondering if each of this counts as a "separate source of ...
- 301
4
votes
0
answers
112
views
How to report losses on Treasury Bill sales?
I have an account at Fidelity. Last year I sold some Treasury Bills before they matured. Some of the sales were gains and others were losses.
When I got my Fidelity tax package, it showed the gains as ...
- 141
4
votes
0
answers
71
views
Consequences of small bank debt in EU as citizen of another country
I have a bank account in France that I created when I lived there about 10-8 years ago. A year ago this account started charging a monthly fee that didn't exist before, and then I started trying to ...
- 141
4
votes
0
answers
101
views
What resources exist to measure a company's integrity?
I have been on a search for companies with integrity. I have seen the (MSCI) ESG rating which is good, but I'm looking for indicators of integrity in a company separate from environmental factors.
I ...
- 141
4
votes
0
answers
108
views
Hostile takeover bid to turn company private - how does it work (current context: Musk / Twitter)?
With regard to the current coverage of Musk announcing his wish to turn Twitter into a private company, I'd appreciate some clarification:
Twitter stock, according to Yahoo Finance, is owned by ...
- 487
4
votes
1
answer
128
views
When does a self-employed tax payer have to make quarterly tax payment? (Safe harbor rule)
My question is about when does a self-employed tax payer have to make quarterly tax payments.
I understand that there is a safe harbor rule that says if you owed less than $1000 in taxes then you do ...
- 1,420
4
votes
2
answers
308
views
In GnuCash, how can I create a line item in an invoice that uses an expense account as the transfer account instead of an income account?
I am a freelancer; some of my clients pay me as an employee and some as a contractor. I have separate expense accounts for expenses I incur as a contractor and as an employee because as an employee, ...
- 41
4
votes
0
answers
202
views
Pre-qualification screening for apartment rentals on apps like Zumper. How honest should I be?
I'm looking to move from one - expensive - rental apartment to another, similar priced.
Now my circumstances are that I am semi-retired, starting a business and with more than enough money in the bank ...
4
votes
0
answers
86
views
How is long-term vs short-term capital gains calculated for USA resident aliens?
Let's say I am a foreigner who bought $1,000,000 worth of Microsoft in 2010.
I have just arrived in the USA on May/01/2021 and after 6 months pass the substantial presence test and qualify as a ...
- 1,360
4
votes
0
answers
62
views
Does the distribution of a dynasty trust count as income for purposes of chapter 7 bankruptcy?
Assume a person is one of the beneficiaries of a dynasty trust fund. The dynasty trust is irrevocable and perpetual, set in a US state that allows perpetual trusts. Annual distribution of the trust to ...
- 1,527
4
votes
0
answers
37
views
West Virginia Taxpayer aged 61 with IRA distribution from Puerto Rico
I am a permanent resident of West Virginia age 61 unemployed and receiving health and food assistance from the State...thankfully. I have very limited investment income, not enough to pay taxes of ...
- 41