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2answers
34 views

LTM Calculations for Wayfair

I'm new to stocks. I'm reading the annual 10-K report of Wayfair for 2020: https://www.sec.gov/Archives/edgar/data/1616707/000161670721000064/w-20201231.htm In p.37 when mentioning the figures of the ...
0
votes
0answers
26 views

How will my 1031 boot be taxed?

In the USA I'm working on a 1031 exchange. I'm having trouble finding information on how a boot (if I take one) will be taxed. I'm closing on my sale for $700k. I will have a capital gain of $550k. I ...
2
votes
2answers
154 views

Failed Iron Condor while market price was under Short Call Spread

Symbol is: SPY. My short call spread was at $412, and market price was $410.50... I was 100% in returns until RH closed my call spread for a negative $5,688... I do not understand what I did wrong ...
1
vote
1answer
35 views

How is it possible for a trade to be executed by a broker but cleared by another broker?

The Interactive Brokers U.S. Microcap Stock Restrictions page says: Execution-only clients (i.e., execute trades through IBKR, but clear those trades elsewhere) may not trade U.S. Microcap Stocks ...
1
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0answers
13 views

Do foreign REITs distribute section 199a dividends?

Do REIT ETFs that exclusively invest in foreign real estate distribute dividends that qualify for the section 199a deduction? Also, do they pass on any foreign tax paid for deductions? And finally, in ...
-2
votes
1answer
84 views

I want to know by an example how prices in stock market changes [closed]

Let us assume there is a listed company x. Currently it has 100 shares issued to trade in free float market. Current price of stock is let say 10. Now please let me know if I purchase one share of ...
0
votes
2answers
64 views

Wash sale rule impact of overall cost basis of long term investment

I'm new to investing and did not know there was a wash sale rule. I bought a stock as I had thought it was at its bottom and sold as it continued to drop. I then bought the stock back later as it ...
0
votes
2answers
137 views

Where can a normal person get the same leverage Bill Hwang got to buy stocks?

Please don't argue about how risky or irresponsible such a trading strategy is. Many financial publications described that Mr Hwang got a leverage of about 1:5 meaning for each $100 of his own money ...
-1
votes
1answer
40 views

Sell a property vs taking a mortgage

I have a property that is rented out, and generating monthly income. I would like to invest in another property, and I have 2 ways to finance it: sell property A take a mortgage on property A as ...
0
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0answers
23 views

UK - Where to get blank EIS claim form

I want to submit EIS claim form, but the form I got from the company is accidentally damaged, so I want to find the blank form, print it and submit. But for some weird reason I just cannot find the ...
15
votes
3answers
7k views

If I short cryptocurrencies, why don't I get the money immediately?

The academic definition of shorting is to borrow someone else's asset such as stocks, sell it now and repay it later. So I assume that when I short the stocks, money is credited to my account from a ...
4
votes
0answers
121 views

Is it even worth working a minimum wage job right now given the government's pandemic response?

The work I was doing prior to COVID got shut down. I have since started a retail job that is close to minimum wage ($14.70/hr). I normally work 30-40 hours per week. Also I have some very part time ...
1
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0answers
18 views

Taxpayers can opt for their total income from employment or other sources to be assessed on an aggregate basis as under salaries tax?

I freelance in HK. I found this paragraph in a letter from Hong Kong's Inland Revenue Department. They didn't embold anything, I embolded all the jargon I don't understand. Can someone translate all ...
0
votes
1answer
27 views

Where Option Credit gets added

I have a question, when you sell options (call or puts) you get credit upfront, but my question is where you can see these credit amounts? In "Stocks & Options" or in "Brokerage ...
1
vote
5answers
116 views

Buying a house vs Building one

In theory what is 'cheaper': buying a home or building one?. For simplicity we could assume that the terrain size is the same, in the same area, using the same house model (to calculate the material ...
1
vote
1answer
64 views

Which is worse for credit score: Bank closure for inactivity, or consumer closure, of a credit card?

Even if a zero-balance credit card is not used, the account age and available credit limit help a person's credit score. If the person decides they no longer wish to use the card (e.g. due to a ...
1
vote
0answers
20 views

Tax-free (or low tax) investments for US citizen residing in the UK?

I am a US citizen residing in the UK (long-term, possibly including in retirement). My spouse is also a US citizen, and my children have dual citizenships. Are there any investments available to us ...
0
votes
1answer
67 views

Riskless Principal - how does it work?

I've read the Investopedia article on Riskless Principal and my understanding is that a broker/dealer gets an order from a client of buy or sell a security at say 10. Then at the same time the broker ...
7
votes
4answers
2k views

Mid twenties, no debt, maxed out all contributions to “common sense” stuff, what can I do to maximize the value of my money now?

I'm in my mid twenties living in the US, in a relatively inexpensive city (my rent is 930 a month). I max out 401(k), 80% going to Roth 401(k), 20% traditional 401k (I expect I'm going to have to pay ...
1
vote
1answer
47 views

Taxes on shares transferred from one account to another

I recently closed my Edward Jones account and performed an in kind transfer of all my shares to my Ally Invest Account. I see all partial shares (from my DRIP) had been sold for cash before the ...
0
votes
1answer
39 views

Get trade history for specific date [closed]

Nasdaq provides a real-time list of trades which you can navigate for five pages, detailed per second. Is there any way to get this data for previous days ? For example, I'd like to know what trades (...
-4
votes
1answer
87 views

Why is mandatory vehicle test and vehicle lifetime a part of the union budget? [closed]

Why is the vehicle test and vehicle lifetime included here. What has the vehicle to do with the Union Budget? https://thedailyguardian.com/union-budget-2021-voluntary-vehicle-scrapping-policy-and-its-...
1
vote
0answers
10 views

Does a residential address get re-classified as commercial if it used to register a one-person-company? [migrated]

An independent consultant working from home in India wishes to incorporate as a one-person-company to cater to clients who won't contract with individuals. Will his residential address get/have to get ...
6
votes
4answers
867 views

How should I split my contributions to Roth IRA and Roth 401k?

I am in my early 20s and currently contribute ~18% of my income to my retirement accounts, 7% to company sponsored Roth 401(k) (Popular Investment Company) and 11% into my Roth IRA (A "Big 3"...
0
votes
1answer
115 views

What kind of professional should I speak to regarding protecting a house from auto defacto?

I am currently building a house for myself. My partner is moving in with me; first into a rental property, then once the house is built we will move into the house together. I have read a lot of ...
1
vote
1answer
84 views

new roof with insurance claim

i got my roof redone recently and insurance paid 22k and it only cost 18k to replace .my name was on check with the roofing company ,so i signed it and gave the check to the roofing company. i have ...
2
votes
4answers
194 views

Is there any difference between a 2 for 1 stock split and a 100% stock dividend?

A 2:1 stock split, and a 100% stock dividend seem to have the same effect. Is this really the case, even behind the scenes? Is a 2:1 stock split just a synonym of a 100% stock dividend, or are there ...
0
votes
1answer
49 views

What is the difference between having “book entry ownership” and being the “holder of record” of shares?

I am trying to understand the difference between "book entry ownership" of shares, and being the "holder of record" of shares. Apparently, the distinction is important in answering ...
0
votes
2answers
56 views

When buying back a put option, what happens to the buyer?

If I sell a put option and buy it later back, what does that mean for the buyer? Can he now sell the shares to my seller? I don't quite get this relationship. Also, what if I have a very deep ITM put ...
8
votes
2answers
3k views

Should I still pay the minimum amount due even if my outstanding amount is 0?

I'm using an ICICI bank credit card, and there are two amounts of importance that are visible on the online dashboard: Current Outstanding, and Minimum amount due. I did a transaction of Rs. 1500 on a ...
1
vote
1answer
23 views

How to get Price of a Stock in different exchanges using yahoo finance

How to get the Price of a Stock in different exchanges using yahoo finance. For example, consider EEENF For US stocks: https://finance.yahoo.com/quote/EEENF?p=EEENF&.tsrc=fin-srch And I found for ...
0
votes
2answers
184 views

Grindr Sugar Dad Scam? [duplicate]

A few months ago I was on Grindr and a profile claiming to be a sugar daddy messaged me and I think now it's a scam, I should've known before but I was kind of desperate and in need of money at that ...
1
vote
1answer
80 views

Is it normal for a Single error in credit report to make a big impact on one's credit score?

I just generated my credit report and it gave a score in the orange. Looking through the details in the report, I see only one "red mark" -- so presume this is the only thing that is ...
2
votes
2answers
114 views

How can I research some paper shares I found?

I recently found old paper shares, but I couldn't find any information online about the companies. Where to find data, and how? Companies: Tally-Ho Ventures (TLYH), 7500 shares, 2006 May COA ...
0
votes
1answer
18 views

Can I use the standard single deduction amount on form 1040 line 9 (12,200) if I am filing a 2555?

I need to amend my 2019 taxes as I filled out the deductions incorrectly (need to submit 1040x). I have filed 1040s and 2555s for the past 5 years with a tax home in Germany. Can I use the standard ...
-2
votes
2answers
133 views

What is so special about “NIFTY bank”?

What is so special about "NIFTY Bank"? I have heard the name of this bank occurring when the Share Index shows up on any screen. Firstly what are the indices present there and what do we ...
2
votes
1answer
53 views

What is QYLD ? (NASDAQ: QYLD)

What is QYLD ? Please explain it to me. From my understanding QYLD is similar to ETF. But how do they make money ? How can they pay so much dividend ? I read this and still have no idea, can somebody ...
1
vote
2answers
108 views

Can I get a home equity loan on a fixer?

I purchased a home requiring major repairs. it has been done now but now the basement slab needs to be redone that was not anticipated . Along with two other huge unexpected costs I lack funds to ...
26
votes
11answers
8k views

I gifted money to my girlfriend for a down payment on a house and we broke up. Am I entitled to my money back? [closed]

I'm writing to ask a question about gifting my fiancé a down payment for the home we currently live in and bought. So when I gave her 14,000 for the down payment of our home we were engaged. At this ...
1
vote
3answers
63 views

Filing my Taxes and Paying later

I plan to file my US 2020 Income tax return in the next few days. However, I am not planning on paying the amount due to around May 15. I plan to do the same for the state of NJ. Is there any issue ...
2
votes
4answers
109 views

Foreign tax credit does not seem to prevent double taxation

The foreign tax credit is intended to relieve you of a double tax burden when your foreign source income is taxed by both the United States and the foreign country. The IRS limits the foreign tax ...
-1
votes
2answers
137 views

How much tax on net zero income?

I start an S Corp in January and borrow 1 million dollars. By the end of the year I manage to make 1 million dollars and repay the loan pocketing zero dollars. How much tax do I have to pay this year? ...
0
votes
1answer
23 views

is mark to market accounting has to be FIFO?

I am thinking to file for the mark to market trading account but I do not like FIFO. Is FIFO part of mark to market accounting?
2
votes
1answer
129 views

My bank did not withdraw the funds for a check I wrote

My bank didn't withdraw funds for a rent check I wrote over 4 months ago. However, my apt. manager received those funds. What do I do?
1
vote
0answers
42 views

Can a transaction in double entry bookkeeping have an odd number of entries? [closed]

I'm a software developer, and I'm writing a bookkeeping app for my personal finances and freelance work. It's working pretty well, but one point about double entry bookkeeping confuses me. The ...
0
votes
0answers
88 views

Vehicle Trade-In

An ex-girlfriend and I took out a car together. After breaking up, she decided to trade in the car and get a new one. The dealership sent me a Power of Attorney form to fill out to have our car used ...
5
votes
5answers
2k views

What kind of scam is this message for package tracking, and do I need further steps to protect myself?

I received a strange SMS which my Android phone classified as spam (first time that has ever happened to me): It says Hello [My surname and name, misspelled] Your package is still pending. Confirm ...
-3
votes
2answers
142 views

Bid and asked confusion on a scam site? [duplicate]

Which price is for the buyer here?
0
votes
3answers
118 views

In USA, is there a particular date in a month, on which if I pay off the total balance for credit cards, so that my credit score can get increased?

In USA, I was told that if I pay off my credit card in the middle of the month, or even pay off more than the statement balance to make it a $0 balance, it can increase my credit card score. But ...
0
votes
0answers
15 views

When does it become compulsory to change account status to NRI?

These days, especially in IT, employees are given onsite assignment with no clarity of duration. In my case, I am an employee of an Indian IT company and was sent for 3 months assignment and am now ...

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