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23
votes
12answers
11k views

How can I finance a car at 17 years old with no credit or co-signer?

I just turned 17 on March 17th. I will be graduating high school next year. However, I'm looking to purchase my first car or least drop a down payment of $20,000 on a new 2021 cla Mercedes Benz on my ...
1
vote
1answer
35 views

Can a Trailing Stop Limit order extend the upside?

I'm looking to place a trailing stop on a stock IF AND ONLY IF the stock reaches a certain profit level. My goal is to effectively place a sell limit order, but to extend the upside if the stock ...
50
votes
2answers
5k views

What is the difference between shares, stock and stakes?

What is the difference between shares, stock and stakes? For a layman, many times it seems they are used almost interchangeably.
0
votes
2answers
55 views

Differences in return rates on cash accounts across banks

I noticed a massive difference (35x) in the return rate of savings accounts between Bank of America and a Cash account at Wealthfront. This confuses me, how can a Robo advisor offer such a high ...
0
votes
0answers
64 views

Asked or Bid price which one is right

I recently bought shares on a market where I normally buy and we're confirmed at asked price sorry not bid please see attached pictures and number of shares were confirmed and a congratulations note ...
0
votes
1answer
35 views

Put Option Help

As part of a newsletter subscription service, I purchased the following at their recommendation: 4 contracts of USB May 21, 2021 $52.50 Puts at price of $1.33 1 contract of HD May 21, 2021 $295 Puts ...
1
vote
1answer
55 views

Does a foreign tax paid to “United States” on a 1099-DIV make sense?

I've received a form 1099-DIV from a US investment bank at which I hold some investments, with the following entries: 4- Federal Income Tax Withheld 0.00 5- Section 199A ...
14
votes
3answers
2k views

If a mutual fund sell shares for a gain, do investors need to pay capital gains tax twice?

In here it is stated that An investor holding mutual fund shares in a taxable account may owe tax on any net capital gains realized from the sale of his fund shares during the calendar year. In ...
0
votes
1answer
15 views

Net Asset Value for Shares in Startup

Assume a situation where an employee of a privately-held startup exercises a share option and receives 1 share and decides to leave. Per the option agreement the company has an 'option' to purchase ...
2
votes
4answers
226 views

In what ways is the NFT marketplace different from the stock market?

Non-fungible tokens (NFTs) are all the rage. Creators can create works for digital art (and other types of digital assets) and sell them online. The sales occur on a cryptocurrency exchange like ...
0
votes
1answer
33 views

What is meant by stock market showing high index? [closed]

What is meant by stock market showing very high index? For what quantity does it show a high index? Please explain this.
3
votes
1answer
57 views

As a U.S. citizen, how does income tax work for income from non U.S. companies?

I've done freelance work online previously mainly for U.S. companies, and the tax forms were either 1099-MISC or 1099-NEC. 2020 was my first time doing freelance work online for foreign companies. ...
2
votes
2answers
54 views

Can IRS construe a Roth conversion to be a wash sale?

Should I do Roth IRA conversions after a market crash? I have too much money in my traditional IRA and not enough money in my Roth IRA. Both accounts use VTSAX. I have no intention of touching it any ...
0
votes
0answers
77 views

My parents live in England. I live and file taxes in the US. I want to make them an interest free loan to buy a house. Payable at death / house sale

I considered purchasing it as joint tenants in common but that triggers stamp duty on the entire purchase as I’m a non UK resident. I thought they may be able to amend their will to represent the ...
0
votes
0answers
30 views

Investing in Index Fund as a foreigner

I want to invest in index funds like Vanguard / Fidelity. I'm from Indonesia and from what I've checked Indonesia is not one of the eligible country. It is possible to buy the ETF directly from etoro/...
0
votes
0answers
59 views

Giving stocks as a gift to offset losses

Suppose I have accumulated some stock exchange losses in the past. My parents gift me some stocks. Do I get to realize capital gains when I sell those stocks? If my parents bought the stock for $100 ...
1
vote
2answers
43 views

New HSA contribution deadline for previous tax year

I had a qualifying event which resulted in a new High Deductible Health Plan (HDHP) with new HSA active as of 2021-01-01. I've been making contributions pre-tax through my employer every paycheck. Can ...
2
votes
5answers
172 views

I need cash. What funds or stocks should I sell?

Context This is a somewhat hypothetical question, but something I need to plan for now-ish. The general advice in Sweden is to keep 3 months of mandatory expenses in a cash buffer with instant payout ...
-1
votes
1answer
67 views

Effect of savings plans

Putting it very simple, the price for a stock is mostly affected by the demand. There are other factors in play as well, but let's assume for this question it was actually that simple. For ETFs, there ...
0
votes
1answer
31 views

How can I find the VAT Nr of an organisation by looking at a money transfer?

I have an app in multiple appstores (ios, android, windows). I have received money from transactions in these stores, and the VAT is taken care of by the stores. Now I have to do my tax administration ...
15
votes
4answers
7k views

If I sold some stock by mistake and immediately bought it back, is that sale still subject to capital gain tax in USA?

Today I wanted to buy a few shares of Apple (AAPL), let's say 10 shares. When I handled the UI, there was the "By number of shares" and "By dollar amount" and then "Market&...
3
votes
4answers
229 views

How should I pay tax for Bitcoin arbitrage?

I have a good friend in South Korea. He's been my friend for 15 years and I trust him more than I trust my own family. We even lived together once. My friend in South Korea is asking me if I'm willing ...
-1
votes
0answers
24 views

Options Backtesting using Thinkscript

I would like to learn Thinkscript backtesting. I would like to get started by testing simple option strategies such as buy a SPY call option expiring in 90 days, hold it for 30 days and sell it. How ...
3
votes
1answer
27 views

Can unmarried Tenants in Common report investment property income/expenses on their Schedule E's or do they need a partnership entity?

Thank you in advance to whoever decides to read this and offer their insight. A friend and I own residential rental properties as Tenants in Common, 50/50 split under our TIC agreement. We have a ...
0
votes
0answers
26 views

With respect to taxation, multi-asset ETFs such as %75 bonds + %25 equity are better compared to a %100 bond ETFs?

In here, it is claimed that Less than 100% of gains may be taxed. There is a partial exemption (i.e. Teilfreistellung), which causes only part of the gains (e.g., 70%) to be taxed. This exemption ...
0
votes
0answers
21 views

For a German residence, is there a difference between investing U.S-based or Eurozone-based ETFs?

For a German residence, if you compare investing in identical two bond ETFs, one is in the US and one is in the Eurozone area, from a taxation perspective, which one is cheaper?
0
votes
1answer
33 views

Thoughts on this wash sale scenario

I traded options and believe had several wash sales. Does it matter if they're puts or calls or sell to close or expired? Is it possible they're not wash sales as wash sales are not indicated on my ...
0
votes
2answers
212 views

Is this a 'trust fund scam'?

A week ago i received an email from an old lady (i actually submitted an ad on a site to find penpals), it seemed okay at first, she said that she had no children or relatives, and her husband was ...
1
vote
5answers
174 views

What prevents me from being diluted out as a shareholder?

Hi I'm a beginner in stock market investing and I often ask myself this question: "how is it that I am protected from a company diluting me out as a shareholder?". I have seen compagnies ...
-1
votes
2answers
146 views

A doubt in definition of banks

"Banking means accepting money for the purpose of lending or investment,of deposits of money from the public,repayable on demand or otherwise,and withdraw able by cheque,draft,order or otherwise.&...
0
votes
0answers
46 views

Practicalities of pre-market trading

I was interested in pre-market trading and see that Nasdaq for instance has some activity from 4am (hours in the fig below are shifted to GMT+2, 7 hrs ahead, as I live in Israel). The stock shown ...
0
votes
5answers
287 views

Why would a bank not “buy a house for me” if they own the house until I've paid it anyway? [duplicate]

I find myself in a situation where I'm trying to buy a house, but don't have the money readily available. And my bank won't give me a loan, in spite of not having any problems with loans/money in the ...
0
votes
1answer
66 views

Tax on backdoor conversion - 1099R

In 2020, I deposited $7,000 (after-tax) in my Traditional IRA (Vanguard) account and then converted them into Roth IRA. One mistake I made was that for my age, the limit for backdoor conversion was $6,...
0
votes
2answers
87 views

All stock symbols ordered by performance [closed]

I am running a local stock analysis tool. As it is hard to run it on every single stock symbol I only want to analyse stocks that e.g. had at least +10% performance in the last year(s). Is there any ...
0
votes
1answer
104 views

How is digital currency different from that of an e-wallet? [closed]

To quote from the newspaper, Unlike e-wallet Digital currency does not involve a third party. A detailed explanation to this will be most certainly welcome. What is really being referred to here as ...
6
votes
3answers
165 views

Is a gift always a gift on both ends?

Suppose some person with a lot of cash jumps into a Twitch stream they like and gives the streamer $20000. (This would be on the high end for Twitch donations, but nowhere near record-setting.) From ...
0
votes
1answer
45 views

how to avoid share dilution when you negotiate the contract [closed]

I am about to join a project and two people started this project are willing to give me some shares about the company besides cash payment. How do I negotiate the contract to avoid share dilution? ...
2
votes
1answer
91 views

My 2021 withholding has already paid 100% of my 2020 tax liability. Can I skip paying estimated taxes on self-employment income for the rest of 2021?

My unique situation is as follows: My 2020 AGI was around $20k. My 2020 total tax (Form 1040 line 24) was only $700. My 2021 income will be much higher. I had a W-2 job from January through April of ...
0
votes
3answers
123 views

Someone I know via Facebook and who lives in Pakistan wants me to send him money - should I?

A Facebook friend of mine named "Eve Amar Saab" has asked me to send him money via Moneygram to him. He lives in Pakistan. However, he gives me a different name-"Shaban Masih Karamat ...
2
votes
3answers
111 views

Difference between a checking and savings account

I'm aware that savings accounts in the US are restricted to 6 withdrawals per month, but what differences exist aside from that? From what I understand, both are FDIC insured, meaning there's ...
0
votes
2answers
114 views

Life insurance as a way to avoid taxes?

My parents want to get a million dollars of life insurance and put it in a trust as a way to avoid taxes for the inheritance. They think that taxes will be raised by significant amounts in the future. ...
0
votes
2answers
137 views

Making large payment on Mortgage not lowering maturity date

I recently began a 30-year fixed rate mortgage on my new house on April of 2020. The maturity date for this mortgage was then 04/01/2050. In their website, they had an amortization schedule with ...
1
vote
1answer
48 views

If I sell two rental properties in same tax year with one at a loss and the other a gain do they partially cancel each other?

I will have a profit on one rental property and a somewhat smaller loss on another one. Will the loss on the second be deducted from the gain on the first before determining capital gains? Do they ...
1
vote
1answer
29 views

what tax form do you get for settlements?

I was just reading about how Uber was ordered to pay $1.1M for denying rides to a blind person. No doubt the litigant will only get a portion of that, with the rest going to lawyer fees, but, anyway, ...
3
votes
0answers
35 views

Diversification vs VTSAX

What advantage do I gain by holding a mix of mutual funds over just VTSAX? One oughtn't put all one's eggs in one basket. One mitigates risk by holding multiple distinct asset classes in multiple ...
0
votes
2answers
45 views

How home prices behaves during and after great inflation 1970s in USA

Is there any chart/data or research on average home prices during 1970s in USA in big cities (NY, LA etc.). I'm particularly interested in average price per square meter between 1970 to 1985.
0
votes
0answers
39 views

Do foreign sanctions on US individuals compell US banks and businesses to cut ties with them or not doing business with them? [closed]

I have an interesting question. Can a foreign country's sanctions on a US individuals compell the US banks or companies to cut ties or not do business with them (even on US soil)? For e.g. China, in ...
3
votes
4answers
466 views

How much of my mortgage do I need to pay off for the FICO “Proportion of loan balances to loan amounts is too high” reason code to disappear?

I have a FICO 8 score that is fluctuating from 810-830 and the only reason code given is: Proportion of loan balances to loan amounts is too high The only balance I have from month to month is my ...
0
votes
0answers
23 views

Why are loans and various schemes under the central government classified as capital disinvestment? [closed]

Why are loans and various schemes under the central government classified as capital disinvestment?Firstly why is not considered a revenue in general and a capital asset.I am asking this in the ...
0
votes
3answers
128 views

Must I to pay a 2% commission if I invest in a mutual fund via an online broker?

If I invest in mutual funds via one of the online brokers; such as Interactive Brokers, Fidelity, Vanguard, etc.; do I need to pay a 2% commission to the exchange in which the shares are bought? If so,...

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