All Questions
38,061
questions
0
votes
1
answer
91
views
GnuCash: Should I Record Fraudulent Charges?
I'm catching up on reconciling my checking account in GnuCash, discovered a fraudulent charge on the February 2023 statement, and noticed another fraudulent charge pending. Should I enter the ...
- 103
3
votes
2
answers
162
views
Is overnight rate swap ETF viable alternative to low-risk bank products?
I live in a eurozone country. While the ECBs deposit facility rate is 3.75%, interest rates on savings accounts and similar low-risk products are less than 1% with the best offer being 2%.
Overnight ...
- 31
0
votes
0
answers
44
views
Non Resident Alien with a W2 and a 1099B - What are the obligations here?
I worked in the United States between the 1st of January 2023 and April 15th 2023. In addition to salary I had some RSUs and my company would sell some of the RSUs to cover tax obligations. The broker ...
- 11
3
votes
1
answer
198
views
Can I buy I-bonds with my tax refund, as a non-resident?
I want to own American I bonds, but I'm not a US citizen/resident so I don't have a SSN (I live in Canada). As such, I can't just create a TreasuryDirect account and buy I bonds there.
Here's my plan:
...
- 133
4
votes
2
answers
530
views
Tracking down old IRAs / 401(k)s
How does one go about tracking down 401(k)s from previous companies? Is there a more convenient method than trying to get in contact with HR from these past companies? I wouldn't mind paying for a ...
0
votes
1
answer
26
views
Which category for scholarship money in GnuCash
I use GnuCash for home accounting. In particular I use it to keep track of college expenses. Where should scholarship money received from the college go? One side of the entry will be a reduction of ...
- 261
0
votes
1
answer
79
views
How do we trust power of compounding with mutual fund SIP
When I search for SIP Mutual fund plans, often I see huge money returns in the long run.
But when I research, it's usually mentioned as Power of compounding, that's how they're able to return such a ...
- 109
2
votes
1
answer
35
views
IRA withdrawal for new construction home and 120-day rule
As per IRS Section 72(t)(2)(F) (paragraph (8)) one can withdraw up to $10,000 for a qualified first-time home purchase penalty-free. The withdrawn funds must be used within 120 days.
If one is buying ...
- 121
4
votes
1
answer
567
views
Is the amount invested in stock by a company public information when more than 5%?
Say a large business such as Apple buys 10% of CitiBank. Is that public information? If so, where can that information be found?
- 173
2
votes
1
answer
179
views
Can money be refunded after order cancellation in HDFC multicurrency forex card?
I ordered something online on Amazon while in US using my HDFC multicurrency forex card. A day later the payment was processed and the amount got deducted from my forex card. I had to cancel the order ...
- 23
-4
votes
1
answer
177
views
How do I file a complaint about a bank's dishonest practices to Visa/Mastercard?
How do I file a complaint about a bank's dishonest practices to Visa or Mastercard?
- 111
0
votes
3
answers
163
views
What information is needed for someone to withdraw money from someone else's (US) bank account?
I have a US bank account and a paypal account. I wanted to withdraw money from my bank account to my paypal account. The first step was to link the account. I did that by giving paypal my account ...
- 325
1
vote
2
answers
63
views
ITM option exercise immediately after buying on E*Trade
I bought a put option with strike 453 for 3.23 per share with the current underlying price at 448. This means that I should be able to exercise immediately and make 1.77 per share profit. I’m using ...
- 11
1
vote
1
answer
2k
views
Are banks willing to lend money to one-man APP startups?
I am one person building a social-media-ish APP. I am 2 years along. Let's say that it's 90% finished.
How do you get a bank to lend you money for this APP?
3
votes
4
answers
493
views
When is the stock market a good idea?
I'm your average person. I have an education, with 2 years of college in an area unrelated to finance. I have a 401k, and a disposable income. I'd like to invest some of this income. There are many ...
- 145
1
vote
2
answers
55
views
How to calculate principal and future payments on a historically underpaid loan amortization?
My sister has a seller-financed personal mortgage loan. Unbeknownst to her (and with no word from the seller) she has been mistakenly underpaying that mortgage for some time (e.g. instead of payments ...
- 133
2
votes
1
answer
394
views
Taxes, personal mortgage loans, and interest. IRS Form 1098?
My sister has a personal loan for the purchase of her manufactured home, issued by the owner. She'd like to be able to deduct the loan interest from her taxes.
As far as I can tell from IRS ...
- 133
0
votes
0
answers
18
views
Wash Sale Period Confusion [duplicate]
I am a bit confused by the language in the Wash Sale regulations regarding the purchase of the same security 30 days before or after.
All the explanations that I read seem to agree that divesting of a ...
1
vote
2
answers
115
views
Will I lose any Principal if I cash in a CD early?
I've had a 35 month CD for 11 months and thinking about cashing it in now. Will I lose any principal if I cash it out now or would it vary by institution?
- 1,715
1
vote
1
answer
238
views
How does this (presumed) recruitment scam work?
Over the last several days, I've been bombarded with private messages on LinkedIn. Each one comes from someone I have no prior history with, and all of them follow the same template:
Open Job ...
- 2,187
3
votes
1
answer
2k
views
How can the purchase cost of a treasury bill be more than its face value?
I'm considering (non-competitively) purchasing a 52-week Treasury bill through Treasury Direct. As I understand, the purchase price is reduced by the discount rate and therefore is always less than ...
- 153
0
votes
1
answer
82
views
How does paying off pending credit card charges effect credit score?
I pay off my credit cards online almost daily. Usually while charges are still pending so my account almost always shows a zero balance. I have a great credit score but I'd love to reach the 850 mark. ...
2
votes
2
answers
375
views
Does the distribution of an index ETF depend on the day of inception?
My question is this: for ETF or mutual fund such as VTSAX, VTI, VOO, SPY, or even QQQ, a lot of time, it has the top 10 holdings such as Apple or Microsoft, and it is because these stocks have grown ...
- 859
2
votes
1
answer
45
views
Coverdell ESA income limits - whose income matters?
My children are fortunate enough to be gifted money each year by their grandparents for their birthdays. The grandparents want the money placed in each child's Coverdell ESA, but they give the money ...
- 141
7
votes
1
answer
643
views
Will my FSA money roll over each year if I stop contributing
My employer offers a Vision & Dental FSA that I have contributed money to. However I would like to stop contributing to it. Up to a certain amount of money ($570) in the FSA rolls over to the next ...
- 173
0
votes
1
answer
79
views
Which REIT dividends are eligible for QBI deduction?
There seems to be a lot of conflicting information about this so I thought I would ask here.
I am wondering if all REIT dividends are eligible for QBI deduction. And by ALL, I literally mean ALL.
I ...
- 5
0
votes
0
answers
29
views
Gnucash imported QIF file not working the same as Quicken - all debits
Good morning:
I am a first time poster, long time user of gnucash...
I am trying to import a QIF file into gnucash. Gnucash is entering everything as a debit. I can't verify this but am being told ...
- 1
0
votes
1
answer
87
views
Change an HSA to HRA?
Hi How do I stop my HSA and start an HRA? I will be getting Medicare next February. I am on SS disability. I have a High Deductible health plan and want to keep it.
0
votes
2
answers
75
views
Can an IRA contribution with after tax money be deductible?
I am trying to make an amendment for 2020 tax year. In December 2020 I contributed $6000 for Roth Ira and $6000 for traditional Ira (I did not know any better). I used after tax money in both ...
- 71
1
vote
1
answer
153
views
Are there any banks that don't require mobile phones for 2FA in the UK? [closed]
I have a current account with Santander, and when I make card payments over the internet they send me a one-time-passcode (OTP) in a text message, as a form of two-factor authentication (2FA). My ...
- 121
0
votes
2
answers
67
views
Question about the specifics of the safe harbor rules for underpayment penalties
For the safe harbor rule for underpayment penalties, you don't have to pay a penalty if:
You expect your withholding and tax credits to be less than the smaller of:
a. 90% of the tax to be shown on ...
- 145
3
votes
1
answer
230
views
Insurance taken out when payed 3 times in a month
I worked at a company where I got payed every 2 weeks. Insurance would be taken out out of each check. On the months we got 3 checks they would still deduct insurance out of the 3rd check. Is that ...
- 31
1
vote
2
answers
68
views
Claiming Federal Tax Withholding Exemption for first year in US
I am a student, and it is my first-year present in the United States. According to sources, I am eligible to claim exemption from federal withholding if the following two conditions are met:
You owed ...
- 113
1
vote
1
answer
50
views
New US tax resident 2022 - from Canada. RRSP/bank-accounts/income questions
I moved from Canada to USA on May 30 2022 and work here as a full-time W2 employee. That makes me a US tax resident (alien) for 2022. Here's my detailed situation:
I earned a salary until May 26 2022 ...
- 111
0
votes
0
answers
129
views
What is this stock-certificate-like document and is it worth anything?
I found this paper document amongst my things when moving out of my childhood home. I'm trying to determine if this means there is an account somewhere in my name that holds stock in "I C ...
- 288
0
votes
1
answer
211
views
As a young person in Austria, what steps should I take so that I can buy a house someday
As the title states I am a 21 year old living in Austria.
I'm currently working in software engineering and make a decent living (34k/year net)(I also expect that figure to go up by ~30% over the next ...
- 1
14
votes
2
answers
13k
views
Is my algo trading illegal?
I have algo trading program (written by myself) and when it detects that price are going down it's going to sell shares (if I have one) wait a couple of sec/min and buy the shares on lower price.
Last ...
- 445
1
vote
1
answer
47
views
How to compute TTM of fundamentals? (trailing twelve months) yahoo finance uses secret sauce?
Anyone knows how the TTM column is computed on yahoo finance?
I would have thought that the TTM column would be the sum of the four last available quarterly reports, based on the definition, but it ...
- 481
0
votes
5
answers
402
views
Renting my first Apartment at 61
I am 61 years of age, retired and I have never rented an apartment or bought a house. I currently live in a single family home (which I will be inheriting soon) which I plan to sell next year and move ...
- 1,420
0
votes
1
answer
64
views
IRR -> Reinvestment Assumption Or Myth (And What It Actually Means)
I've been trying to wrap my head around a downside of using IRR - the reinvestment assumption. I don't really understand the concept on how IRR assumes that we reinvest at the IRR, if IRR is for ...
- 1
2
votes
1
answer
95
views
If I buy and hold my ISOs pre-IPO, what access do I have to shareholder/board meetings?
Let's say I have some vested incentive stock options with the startup that I work at (company and I are both in the USA). The company has not gone public at this point in time.
If I buy and hold my ...
- 143
11
votes
2
answers
2k
views
Figuring out the tax basis of property inherited 15 years ago
In 2008 my father died. 15 years later I just sold the property that I inherited from him. Now I need to pay capital gains on that property, but what do I use as the tax basis?
I could just assume the ...
- 3,811
0
votes
1
answer
29
views
Calculating Canadian Capital Gain or Loss After Loan and Investment
Consider the following hypothetical scenario involving trading with margin in Canada w/ made-up exchange rates:
I take out a $100,000 USD loan on Jan/01 - ($150,000 CAD)
I lose all of it immediately ...
- 1,350
2
votes
1
answer
103
views
Do I have to wait until a Treasury Bill auction date to buy a 52-week non-competitive bill, and will reinvesting give me the same rate a year later?
I am considering purchasing through TreasuryDirect, a 52-week Treasury bill which is scheduled for auction Aug. 8th (2023). When can I actually submit my purchase? Should I wait until the latest in ...
- 153
2
votes
2
answers
77
views
Is a stock ISA simply the account one uses to invest in investment platforms?
No matter what I read/watch, it isn't quite clear to me if a stocks/shares ISA is one of the following two:
an account where I can put some money into, and then invest that same money (by linking it ...
- 121
0
votes
1
answer
47
views
How does the definition of expense ratio and gross return fit into the net return on investment equation?
I am currently reading an investopedia article about expense ratios in funds. This article uses the following numerical example about expense ratios and returns.
A fund has a gross return of 10% and ...
- 3
2
votes
2
answers
151
views
Capital loss carryover in low-income years with capital gains
Let's say I bought 100k worth of a stock a long time ago. Over the years, I've received (and paid income tax on) 50k in dividends. The stock tanks, and my shares are now worth only $50k. I decide ...
- 143
1
vote
1
answer
59
views
When is interest incurred while trading on margin deductible in Canada?
To clarify my understanding of margin loans in Canada: the interest expense incurred while trading on margin is deductible, as long as the stock pays dividends, right? Also, if it is deductible, would ...
- 1,350
1
vote
0
answers
16
views
Calculating Foreign Exchange Capital Loss on Margin Loan Repayment
Let's assume I convert 10,000 CAD to 5,000 USD and hold it for one year. During that year, I also make some trades using money borrowed from the brokerage firm (i.e. trading on margin). Afterward, I ...
- 1,350
0
votes
1
answer
85
views
Which stock to sell?
Situation
I am based in the USA and own two stocks from the same company, one that I bought at a price of $50, and one that I bought at a price of $70. I have held each one for over a year, to avoid ...
- 3