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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,...
1
vote
6answers
136 views

Why does stock trade for more than the share’s intrinsic value?

In a very basic sense, stock is purchased for the ownership of a company. It’s price grows on the market following supply and demand, and as such the price of a single share may rise as the value of a ...
0
votes
0answers
18 views

Transfer of stocks within USA from resident account to non-resident account as gift

can I transfer stocks from brokerage account(of son/me, US resident) held with broker firm X to brokerage account (of father, non-US resident, in US only) held with broker firm Y? as a Gift Do I need ...
4
votes
2answers
99 views

Is there any insurance company which provides liability policy for app developers? [closed]

Lets say that Ram is a freelancer app developer and takes a contract for app development for $6K from an institution. With help of his friend Shyam he develops the app and delivers it to the client at ...
1
vote
1answer
58 views

What does Turbotax mean by “This account did not have income, deductions, or credits associated with it in [year]”?

I use Turbotax to prepare my taxes in the United States. When declaring foreign financial account, Turbotax asks: What does Turbotax mean by "This account did not have income, deductions, or ...
2
votes
0answers
26 views

If I earn my 40th Social Security credit mid-year, is my Medicare Initial Enrolment Period when I earn the credit or when the credit is filed for?

I'm a doozy of an edge case. I'm above 65 and will become eligible for Medicare mid-year 2024, which is when I'll have earned my fortieth Social Security credit on Form 1040 Schedule C. (I won't have ...
0
votes
0answers
11 views

NPS: SIP or Lumpsum Investment

I am an Indian citizen and my age is around 30. I am planning to invest in NPS tier-1 account to get the tax benefits under section 80CCD and for the retirement plan. I want to invest Rs. 50k per (...
0
votes
0answers
51 views

Tax free for family member living in house owned outright? [closed]

I own a house outright and am letting my daughter and family live it it rent free, I make all the payments. Do I or they have to declare anything on their year end tax form?
30
votes
8answers
9k views

My landlord claims I didn't pay rent even though I can prove I did - What can I do? [closed]

I got a letter from my landlord saying I missed 3 month rent. The letter said if I do not pay those 3 month rent in cash, she will take me to the court and evict me. I paid rent every month and never ...
1
vote
3answers
57 views

Do options contracts give you cash or the underlying?

Whenever I read about options valuation, it's phrased in terms of payoff diagrams. For European options, the value at expiry is the difference between the strike and the market price of the underlying ...
0
votes
2answers
60 views

What type of orders fit my strategy in a way that two triggers might be needed?

As a newbie on trading cryptocurrencies, I found Stop-Limit Order does no longer fit my strategy in a situation like this: Ater a huge price pump, the market price has stabilized at around $450 now. I ...
0
votes
1answer
52 views

What is this index all about? [closed]

Why did this index touch so high when our finance minister annouce the privatisation of 2 PSBs and one insurance bank?A detailed answer to this will be most welcome. She did not name any but why would ...
4
votes
1answer
44 views

HSA amount contributed by employer missing on W-2

I received my W2 and there is nothing listed for HSA contributions. I did not contribute anything; however, my employer did contribute $3500 to it. Do I need to report anything when I file my taxes?
2
votes
2answers
47 views

How to track money used for shared expenses against a personal loan?

I've recently (3 months ago as of writing this) got into proper double entry bookkeeping for my personal finances. I've been using GnuCash, though this pertains more to double entry practices than ...
0
votes
1answer
98 views

Candlestick chart doesn't seem to make sense

This is a candle stick chart I saw in the market. The question is about the part I annotated. In the red bar, it opened at the top of the rectangle and closed at the bottom of the rectangle. How come ...
1
vote
0answers
77 views

Bitcoin exchange fees [closed]

Where would you go to sell a large quantity of Bitcoin? The major exchanges (such as Coinbase, Gemini, etc.) charge exchange fees in the neighborhood of 1.5% of the amount being exchanged. Are there ...
2
votes
2answers
158 views

How do people with LOTS of itemized trades list them on US tax forms?

Assume it is given that you need to itemize trades on, say, Form 8949 (+ any state form(s)). These forms only allow so many transactions per page (14 entries for Form 8949). How exactly do people who ...
-2
votes
1answer
202 views

What can you do if money is missing/stolen from a wallet?

I have found out just now that my mother has lost a decent lump of money (in my terms, $55 to $70) and it couldn't have just randomly disappeared. I am kind of concerned as my mother is and kind of ...
1
vote
0answers
40 views

Why is a separate fiscal year needed different from that of a calendar year? [duplicate]

What is even a separate fiscal year different from that of a calendar year? A detailed answer to this is most welcome. I am asking this particularly in Indian context.
7
votes
5answers
1k views

Are new dividend investors severely disadvantaged by ongoing rising dividend growth stock prices?

If popular dividend stocks such as those on the "dividend aristocrats" like JNJ and MMM continue to climb over time, won't new investors like myself be severely disadvantaged buying into ...
1
vote
1answer
81 views

do the covid-based rules affect when you inherit an IRA?

Given that a traditional IRA owner that died in 2019 (at 95) and had multiple beneficiaries (all people), normally the rules states that the inherited IRA would have to be inherited by all of the ...
1
vote
2answers
40 views

Can base currency influence absolute value for quoted currency

I am approaching this question from a Computer Science perspective (Developer, Programming etc.), so apologies if the question is trivial. I have been searching the web for a while, but I am afraid I ...
0
votes
0answers
29 views

how does the IPO cost reflect in the financial report [closed]

I know IPO can be expensive. But how does the IPO cost reflect in the financial report? For example, in which sections in the financial report could I find this information?
-1
votes
1answer
28 views

Company EPS differs from 10-Q and 10-K

I'm reviewing the 10-K filing of a company I'm thinking about investing in, and I came across some confusing information in my research. For FY20Q1/2/3 the EPS you can get from Fidelity, Yahoo, etc., ...
4
votes
2answers
321 views

Do central banks really dispose of old currency the way it's shown in movies?

I have watched many movies where people who want to rob a load of money, Just wait until the federal reserve pulls money back to them and right in between them removing the serial numbers from their ...
1
vote
1answer
31 views

Which state income taxes apply on executor income (executor resident state, or state in which probate occurs)?

I am a beneficiary and executor of estates of two relatives that died in WV. I reside in another state, which also has state income taxes. Do I claim the executor income in my state of residence? or ...
0
votes
3answers
118 views

Are there any legal restrictions on “artificially” changing the price of a stock?

I understand that stock prices change partly based on supply and demand. In theory, could you convince a large group of people to buy a large portion of the stock so that the price would "...
1
vote
1answer
53 views

What is the meaning of the phrase “National Asset Monetisation Pipeline”?

Tabling the Union Budget for 2021-22, Ms. Sitharaman said: Monetising operating public infrastructure assets is a very important financing option for new infrastructure construction. This has been ...
10
votes
3answers
4k views

Why a bank would propose a depositor to invest part of their money to mutual funds, instead of bank doing it itself?

Currently, some banks in Greece propose their depositors (via financial consultants) to invest their money in foreign mutual funds. Their main argument is that deposit interest rates are close to zero ...
-1
votes
1answer
170 views

Is it possible to own an unlimited number of companies?

Is there a limit to how many companies you can create or own? Such as Google owns Facebook, YouTube, Twitter, Google Play Store, Google Games, etc. But those are all branches of Google and not actual ...
21
votes
6answers
7k views

Landlord making up charges

We recently moved out of an apartment. Our lease term was completed with no dues on utilities etc. I was never late on paying rent etc. The lease was ending on Feb-27th, but we returned keys on Feb-...
0
votes
1answer
48 views

wash sale rule for multiple lots

I am a bit confused by this specific scenario of buys, sells and how to calculate the cost basis for the lots I'm holding. This question is for USA tax purposes. Day1, buy 100 shares at $10 Day2, ...
1
vote
2answers
179 views

Will home prices ever stop rising or go down? [closed]

I'm from EU and home prices in my city went up by 10% each year before pandemic, when pandemic started everyone said that home prices will go down, but it didn't, quite opposite it keeps rising. Stock ...
21
votes
11answers
6k views

Why can't my LLC get a credit card when the owner has credit history and a good credit score?

I've started an LLC (US-based) and have an EIN that I'm bootstrapping myself and self-funding. All my addresses and details are registered in the US. I'm the sole employee, but have zero revenue as it ...
-1
votes
0answers
35 views

Doubt in two topics from “AtmaNirbarBharat” launched by Mr Modi

I have come across two terms where I am getting stuck up,they are ,"Redefinition of MSMEs", typically they have been used as a component of the AtmaNirbarBharat Yojna taken by our Prime ...
0
votes
1answer
41 views

What does “trading in portfolio” mean?

On this Wikipedia page about value at risk, at the end of the second paragraph, it says "This assumes mark-to-market pricing, and no trading in the portfolio." What exactly does "...
1
vote
3answers
95 views

How some broker make revenue without collecting commission?

I am stock Broker who helps other stock investor by selling and buying their stocks with an exchange some amount of commission (like 5% on their profit). But I don't understand how other stock Broker ...
1
vote
1answer
94 views

Where would my futures contracts go if the counterparty gets liquidated?

What would happen to my futures contracts such as S&P500 futures if the counterparty of my contracts gets liquidated due to a heavy use of leverage? Since futures contracts are made between two ...
0
votes
0answers
8 views

Sharing competing offer letter marked as “confidential” [migrated]

A friend of mine (for real, not me) received an offer letter from two tech firms in SV. Let's called one X and the other Y. X's offer letter as a better salary and sign-on bonus. However, my friend ...
1
vote
1answer
101 views

Wash sell issue. I’m a bit confused new to trading. Question is do I pay taxes on that disallowed as profit?

Do I pay taxes on only the $6000 or on both the 1.2mill and the 6000? USA
1
vote
2answers
228 views

Is it illegal to transfer money to my girlfriend in Taiwan?

I am working in America. My girlfriend is in Taiwan. Every month, I will transfer 800 USD to her via Bank of America. Is it illegal? Will it be considered money laundering?
-2
votes
1answer
100 views

Why is this stock's chart so special? [closed]

I am learning about the stock market. I found a special chart for a stock ZOM. Why it is so special? It is the result of AI traders?
10
votes
2answers
2k views

Do capital gains taxes need to be paid throughout the year to avoid underpayment of estimated tax penalty?

I made a decent amount in short-term capital gains in 2020. As I was filing my taxes this year, Turbotax informed me that I needed to pay a penalty for underpayment of estimated tax. I don't totally ...
2
votes
1answer
21 views

How to calculate perpetuity when interest calculation interval is different from the cashflow interval

I’m trying to calculate the present value of an investment scheme I was suggested with. The scheme is, I have to invest say $100 in every quarter perpetually. Now I know how to calculate it (the ...
0
votes
1answer
34 views

Wash Sale Rule While Holding Initial Investment

I have a question for those familiar with the wash sale rule. I understand what it is, basically, if you sell shares of XYZ at a loss and buy it again within 30 days, you can't claim those losses on ...
1
vote
0answers
46 views

Change State Income Tax

During 2020, my permanent address from January 2020 to August 2020 was in New York City. From September 2020 to December 2020, my permanent address was in Pennsylvania. Here are some notes: From ...
1
vote
1answer
35 views

Rolling over funds from a traditional IRA into an Individual 401(k) to avoid the pro-rata rule

I expect that in 2022, my income will exceed the deduction limits for a traditional IRA, so any contributions I make to it will be non-deductible. My understanding is that once I make a non-deductible ...
0
votes
2answers
44 views

Is this the right way to calculate capital gains when cashing out a mutual fund?

I cashed out a taxable mutual fund in January. It is a long held fund. I got an activity history of all the transactions so that I can figure out an estimated tax to send in to the IRS as currently, I'...
2
votes
1answer
68 views

What does this mean,“Reinvigorating Human Capital”?

This was one of the six pillars of the Union Budget for the year 2021 for my country.It would be great if someone can explain me this.
0
votes
1answer
48 views

Goodwill and Amoritization when buying a small business [closed]

When buying certain small businesses goodwill is the largest intangible asset. For an example company, Purchase Price: 1,000,000 Tangible assets: 200,000 Goodwill: 800,000 If the company's value stays ...

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