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579 views

Have you handled a Health Savings Account on your Alabama/California/NJ state tax returns?

I'm looking at https://www.bogleheads.org/wiki/Health_savings_account#State_taxation_of_HSAs where it says "you are required to keep good records, track the state cost basis manually, and report HSA ...
2
votes
1answer
4k views

Why bid and ask do not match the price at which the stock is being traded [duplicate]

For a particular stock, the stats look something like this: Price: 54.55 $ Bid: 54.54 $ Ask: 54.55 $ Now if I place a market order, will it get executed at the Price (54.55 $)? My guess is yes. Now ...
2
votes
1answer
524 views

Canada: New mortgage qualification rules, 2010: Why, what, & when in effect?

Earlier today, the Canadian federal Finance Minister Jim Flaherty announced new mortgage qualification rules for Canada. Why were new rules introduced? What are the new rules being introduced, vs. ...
2
votes
1answer
369 views

Relation between par value, offering price and trading range

I recently saw a public offering of securities stating the following: We are offering 2,000,000,000 shares of our common stock, par value $0.00001 ("Common Stock"), at an offering price of $0.001 ...
2
votes
3answers
173 views

Tax implications of diversification

I have a question about diversifying some investments. For the purposes of my question you can assume that this is not retirement investing, and that I have a diversified retirement plan already in ...
2
votes
3answers
1k views

Which kind of investment seems feasible to have more cashflow every week or month?

My plan is to make close to $2000 a month/$500 a week through investments. For that, I can risk up to $2000 to start with. The following come in to my mind, even if nothing is for sure. 1) If I ...
2
votes
1answer
6k views

What legal action can Paypal take against me if I don't pay them and I have a negative balance?

I received $500 using Paypal service from a customer for services (not a product). Paypal held my money for 21 days. The customer called their bank and stated that it was an unauthorized payment. ...
2
votes
1answer
234 views

How can I estimate the sensitivity of a bond ETF's price to interest rate changes?

Is there a standard method for estimating the sensitivity of a bond ETF's price to interest rate changes? Some of the information I have includes the average duration and the SEC yield.
2
votes
1answer
567 views

UK income tax relief on pension contributions (higher rate)

My question is regarding UK tax relief on pensions, and there are a couple of questions. Say I earned £52,385, exactly £10k over the UK higher rate tax band of £42,385. My provider would usually claim ...
1
vote
2answers
904 views

Cumulative Return between two dates

I have a table that carries data with cumulative return of some instrument. Data is described with start date, end date and cumulative return for date range (start-end): Start Date|End Date |...
1
vote
1answer
100 views

US NRI investing in India [closed]

I am planning to invest in India. It does not matter whether brokerages offer online or offline options, I am fine with both. I am not looking to invest in India-ETF's or India-funds like MINDX. My ...
1
vote
2answers
189 views

Should I pay off a credit card or a collection balance first?

I have a collection and a credit card with roughly the same balance. I received a bonus and I am able to pay off one of them completely. Which is more beneficial to pay off first?
1
vote
4answers
14k views

What's the difference between Buy and Sell price on the stock exchange [duplicate]

I am new to stock investments. I usually ask for stock broker to write up a quote for me. I can also check the prices on the Malawi Stock Exchange website. However I am not sure which price she quotes,...
1
vote
1answer
130 views

Becoming self-employed alongside a full time job, working abroad in the UK

I am a foreigner working full-time in the UK and studying part time at Uni. I want to study full time. In my old country, I used to draw and fix computers to earn some extra money. What should I do ...
1
vote
2answers
926 views

Selling recently acquired personal items in order to pay down debt?

I was checking my credit cards statements the other day (I have 4), which they amount to ~$2000 USD, plus a car credit. Recently, my car credit bill went up due to my bank automatically renewing my ...
1
vote
0answers
243 views

Dividend Leakage for European Vanguard funds

I recently stumbled upon an article warning European investors about "dividend leakage" when investing in Vanguard funds as a European investor due to a dividend tax within Ireland from which the ...
1
vote
1answer
509 views

Make Visa, hybrid debit/credit card default to credit mode?

I have a Visa, "hybrid" debit/credit card. Is there a way to make it act as a credit card by default so I don't have to hit "cancel" or "ok" when checking out, just to get it to use credit mode?
1
vote
2answers
2k views

Capital Gains Tax with Multiple 'buy' Transactions per Stock (U.S.)

Suppose the following (in the U.S.): On 2014-01-01 I buy a single XYZ stock for $100. On 2014-06-01 I buy an additional single XYZ stock for $500. On 2014-12-01 I sell a single XYZ stock for $900. ...
1
vote
1answer
195 views

Tax implications of virtual currency that cannot be exchanged for money

Backstory: Over the past two years, I've been in an ongoing battle with a phone provider over a promotion they failed to honor in a reasonable amount of time. I had posted a few questions on the Law ...
1
vote
2answers
174 views

social security benefits for green card holder in US

My relative is a permanent resident/green card holder in the US - not a citizen. The person worked and paid federal taxes in the US for ~30 years. (I don't quite understand why they didn't seek ...
1
vote
0answers
208 views

What do the components in Qualified Dividends and Capital Gain Tax Worksheet in instructions of Form 1040 mean? [duplicate]

Qualified Dividends and Capital Gain Tax Worksheet—Line 44 in the instructions of Form 1040 calculates the tax on the taxable income by first decomposing the taxable income in line 1 into lines 7, ...
1
vote
1answer
174 views

Taxation on DRIPs in Canada

I am starting to invest in DRIPs, as I believe they would be the best investment for me at my current point in life. I am reading some other questions here, and people are stating that the income, ...
1
vote
1answer
722 views

How to transfer money more cheaply from Hong Kong to Canada, without HSBC? [closed]

I live in Toronto, Canada. About every 2 months, with HSBC's "Global Transfers" tool, I used to send myself money from my HSBC account in Hong Kong to my HSBC account in Canada. Because I now need ...
1
vote
4answers
2k views

American opportunity credit with foreign country education

I am reporting 2014 tax by TaxAct software. One field is for education. My situation is I took a course for a certification in 2014. It was my first education course in US. I earned my Phd in a ...
1
vote
4answers
742 views

How to withdraw cash from a credit card if the cash advance limit has been reached

I have a German bank account and a Visa credit card attached to it, but left Germany some time ago and live in a non-European country. Last Monday a bank officer from the German bank called me on my ...
1
vote
2answers
513 views

Pay estimated tax using W-4 withholding instead of quarterly payments

I currently have a regular job at my university that provides about 2/3 of my annual income. I also do contract work on the side, and have some minor investment dividends and interest payments as ...
1
vote
1answer
306 views

I may have made an ineligible contribution to a Roth IRA. What should I do?

Early this year (before mid-April) I received in excess of $11,000 in taxable inheritance income. The income was distributed from several annuities. I deposited $5,500 into a Roth IRA for the 2016 tax ...
1
vote
4answers
170 views

Locking in rates during yield curve inversion

While reading multiple articles about yield curve inversion, a common theme is that investors seeing an economic slowdown in the future which generally means lower interest rates so they want to lock ...
1
vote
1answer
891 views

Why can't poor countries just print more money? [closed]

I know this is a really silly question that is really obvious, but what's stopping a country from just printing out a few more billion of their own currency and then using that money to buy goods from ...
1
vote
2answers
82 views

Can I transfer my 401k vesting period between companies owned by the same corporation?

I am leaving my current job at a company owned by a corporation. This same corporation also owns the company where my next job will be. My 401k has not yet vested - the cliff is about a year away. ...
1
vote
2answers
384 views

credit card consolidation pro and con

My credit card is carrying a debt of $11K at 22.99%. Minimum monthly payment $293. The charges on it were authorized by me but were made by another person (a relative), who is also the one paying it ...
1
vote
1answer
920 views

A cash account, the settlement time

I have a question about the way you can trade on a cash account: I know that if you have lets say a $1,000 account and you buy $1,000 worth of ABC stock and sell them on the same day say Monday from ...
1
vote
2answers
103 views

Value stocks appreciating

A value stock bought when undervalued should presumably increase in value and eventually is no longer a value stock. How long should this take and should it then be sold?
1
vote
3answers
1k views

Do I need to pay quarterly 1040 ES and 941 (payroll)?

I am self employed with an LLC that I elect to pay S-corp taxes on. I am the only employee. When you're self employed, if your taxes are greater than $1000, you have to pay quarterly taxes estimated ...
1
vote
1answer
788 views

What happens to internal stock when a company goes public?

If you hold stock in a company that is not publicly traded, what will happen to that stock if the company becomes publicly traded?
1
vote
1answer
801 views

How are market orders matched? [duplicate]

I'm trying to gain some insight into how orders on an exchange are matched to design a proof of concept matching system. Am I correct in assuming market orders are immediately executed against the ...
1
vote
2answers
4k views

Can I roll my HSA into my 401K?

I am 66 years old and enrolled into Medicare Part A. I am no longer eligible to contribute to my company's HDHC (HSA type) healthcare plan. Can I roll my current HSA into my 401K?
1
vote
3answers
209 views

Mistakenly filed as Exempt from income tax witholdings for entire year 2019

I am a basic 30 year old filing Single, W2, healthy working individual. No dependents, no additional schedules, capital gains or losses other than Student Loan interest expense. I started a new job ...
1
vote
2answers
988 views

Filing Taxes for Two Separate Jobs Being Worked at the Same Time?

I have a standard office job and I am looking to Uber at the same time. I just recently started the office job and plan to start working as a driver in the next few days. I am curious how am I ...
1
vote
3answers
2k views

What portion of my rowing club membership fee is tax-deductible?

I am part of a rowing club in the US and pay a membership fee. The rowing club is a 501(c)(3) non-profit, open to the public, and offers learn-to-row classes. The benefits that I receive for my ...
1
vote
3answers
117 views

Preventing tax underpayment penalty

I had some short term capital gains in 2017 which resulted in underpayment penalties both in my Federal and State taxes. I have about $5K in crypto-related short term capital gains for 2018 to report ...
1
vote
1answer
725 views

Will this trading activity flag my account as PDT (Pattern Day Trader)?

I've read several definitions of PDT and I think I get the gist regarding round trips. But just to be certain, I'd like to offer an absurd/contrived example... Monday (9:31 AM) : Buy 100 shares of ...
1
vote
1answer
56 views

Indian Income Tax - EVC done before payment was reflected

I filled in the ITR-1 form and paid the income tax amount. However, I went ahead and filed the ITR and also immediately did the e-verification before the income tax paid amount was reflected in the ...
1
vote
3answers
166 views

Does an owner of a bond etf get an income even if he sells before the day of distribution?

Suppose an investor owns a bond ETF for 1 month and sells without waiting for the date of income distribution, will he still get paid an income for owning the bond ETF for 1 month? This does not work ...
1
vote
1answer
571 views

offshoring work and tax dilemma

My friend in USA who is a US citizen wants to hire her cousin from her native country and will be paying the relative as independent contractor. Dilemma: She does not have a registered business ...
1
vote
1answer
2k views

Transfering money from NRE account in India to family member

I am a US citizen and I want to transfer some amount 10 lakhs+ to my brother from my NRE account in India to his account. My brother is going to purchase something for his business. He is going to ...
1
vote
1answer
180 views

How do I report “rent” payments from a domestic partner in TurboTax?

I own a condo which I live in with my domestic partner. She pays < $1500 per year in "rent" which I use toward the HOA + property taxes. How do I report this income in TurboTax? I am not really ...
1
vote
3answers
3k views

Does a bid and ask price exist for indices like the S&P500?

When buying a stock (say Google or Apple) at day 1 you pay the ask price of that day. When selling the stock at day 6, you get the bid price of that day. The return you made is given by [ ...
1
vote
3answers
881 views

Leased Vehicle Return and Re-purchase

My lease term is coming up in a few months. The car has around 20k miles, whereas the lease was for 36k miles. I like the car, and I intend to buy it, however the lease end purchase price is a bit ...
1
vote
1answer
128 views

How should I utilize my money as I begin grad school?

I'm 21 years old, and I'm about to start grad school. I currently have $45k liquid cash and $6.7k in mutual funds. I feel like I need to do more with the $45k as I have no loans and my car is paid ...

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