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7 views

What is the cost basis for my RSU? My 1099-B says $0

Block 14 of my W2 says $40,000 RSU. My paystub itemized the $15,000 tax deductions (fed, state, SSA, etc..). Out of the remaining $25,000, twenty thousand dollars were deposited to my E-Trade ...
1
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1answer
21 views

Why are bond ETFs typically recommended for diversifying into bonds?

It seems that the conventional wisdom on portfolio allocation suggests that one should include a bond component in one's portfolio. The usual way that people gain exposure to bonds is by buying a bond ...
2
votes
0answers
42 views

I just mailed my 2020 federal tax return with my NRA spouse's SSN left blank. What outcome should I expect & what course of action should I take?

I am a US citizen living in the UK with my British husband. I file my taxes as married filing separately and my husband is not required to file with the US so has no SSN or TIN. I sealed up and mailed ...
0
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0answers
28 views

Can a 16-17 year old open a PayPal/Paytm/Google pay account without UPI?

I am under 18. I am from India. I do not have a bank account. I only have a phone number(not registered under my name). I also have passport, Aadhar card, etc. What are other requirements for using ...
1
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2answers
622 views

Is it a scam when a contract employer asks me to forward money to other workers through my bank?

I have applied for a job as a translator in a UK based company via Indeed, working from home. Everything about it looked legit - regular contact information, addresses, interview (even though ...
0
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1answer
57 views

Which is more expensive, buying house or condo? [closed]

Which is more expensive, buying house or condo? House seems like but my lover told me that I have to pay tons of bills So I considered changing to condo. Is condo more better than house or not?
0
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0answers
47 views

Transfer 529 Funds from Child's Account to Pay Parent's Existing Student Loans?

We have been saving a little every month into our daughter's 529 account since she was born. She is now 10 years old, and the account balance is about $25,000. We intend to continue to make regular ...
-1
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1answer
126 views

Is it legal and possible for me to start a “tax haven” account in some distant country while still living in Sweden?

I have just realized that if I ever sell my Bitcoin for fiat, the Swedish government is going to tax 30% of it. Yes, it's "only" on the "gains", but since I primarily bought them ...
1
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0answers
47 views

What will happen if a client of mine sends the IRS an incorrect form?

A client is asking me to fill a W9 with my name and the LLC EIN instead of a W8 which seems to be wrong. What’s the worst that can happen if he sends the incorrect form to then IRS and who has to ...
1
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1answer
59 views

LEAPS instead of ETFS

I would like to get 1.5x Leverage of SPY. I want to use options. What is the best way to achieve it LEAPS?
3
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2answers
81 views

Price on dividend reinvestment

I started doing dividend re-investment and as my spouse's brokerage account was at a different brokerage, so I noticed the different price for same ETF e.g. QQQ. One of the brokerage gave reinvestment ...
1
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0answers
21 views

As a new resident alien, can I harvest capital gain losses from previous years when I was a non-resident alien?

In the year 2020, I switched from being a non-resident alien (NRA) to a resident alien (RA) for tax purposes. I'd come to the US in 2015 as an international student (F-1 visa). For NRAs, using the ...
9
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1answer
2k views

Robinhood, daily buying and selling, and cryptocurrencies… What tax concepts to expect?

Robinhood has plenty of docs explaining the tax concepts with trading, and this is not particularly mysterious. But what I am wondering is what sort of documents to expect them to provide come tax ...
2
votes
1answer
31 views

Itemizing charitable deductions on California taxes while taking standard deduction + 2020 charitable deduction on federal taxes

This question is pretty specific, but it's worth a try. Apologies in advance for the length; I'm aiming to be as clear as possible. In 2020, as a provision of the CARES Act, it is possible to take the ...
2
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1answer
117 views

Can I defer capitals gains tax on stocks if reinvest quickly?

I'm working on a loan in California and the bank will offer me a discounted rate if I have more assets on deposit with them. I have the assets on deposit with vanguard in admiral shares (so not ...
1
vote
1answer
32 views

W8 and/or W9 for disregarded LLC?

I incorporated an LLC as a nonresident non etbus sole owner and one of my clients is asking for a W9. When I offered a W8 instead, they declined and stated I need to provide them the W9. I’m looking ...
0
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2answers
140 views

At what age can I withdraw from my 401k

I am 61 years old and I don't want to withdraw money from my 401k too soon. I am wondering at what age can I take money from the 401K without being subject to penalty? Thanks
1
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0answers
38 views

Effect of new tax plans on inherited assets?

I was reading this article on Biden's new tax plans and had a few questions. They propose the following situation where these new laws would come into play. Consider, for example, an entrepreneur who ...
0
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1answer
87 views

Is Nike paying income taxes as news media reports? [closed]

There have been articles written, Nike paid no Federal Income tax in 2020. However, looking at its Annual Report below, I see income taxes. So how are these news articles saying this? No Federal ...
2
votes
1answer
48 views

What's the difference between a buy vs an acquisition, and a sale vs a disposition?

The image below shows the recent insider transactions in Chipotle Mexican Grill, Inc. stock (NYSE: CMG). What is the difference between a "buy" and an "acquisition"? What is the ...
2
votes
1answer
51 views

Bond Chart Prices and Very High Yields [closed]

Two questions on bonds: Why is finding stock prices and charts so easy whereas for corporate bonds is so hard? Do you know a good website like TradingView that does the same for corporate bonds (a ...
-1
votes
1answer
97 views

How to get the basic financial literacy about money, banks, etc [closed]

I am just under 18 and I want to become rich but I do not know much about money. Being from a developing country, I don't know how banks and other financial institutions actually work, and what are ...
0
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1answer
57 views

What is the time zone of the events featured by the SEC?

The SEC Edgar Filing Tracker is the official place to track official company filings. Let us take the example of Apple reports. You see a long list of filings and a Date with a rather exact hour of ...
1
vote
1answer
66 views

Total income between job and self-employment will exceed Social Security cap

This is similar to another question (here)... but I'm not sure if the answer is the same. I work in the oilfield and I mine cryptocurrency. Because of the current crypto bull cycle the income from ...
31
votes
4answers
6k views

Why do banks seem to be indifferent about identity theft?

Several years ago, I was in a terrible relationship in which my girlfriend fraudulently opened a credit card in my name. I forget the specifics, but she ended up transferring the full cash advance on ...
0
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2answers
165 views

Trading strategy with high probability of small profits and low probability of complete loss

What are some trading strategies that have high probability of small profits and low probability of catastrophic loss? I believe there is an academic term to describe a trading system that shows small ...
6
votes
1answer
875 views

How to monitor director or owner buy/sell in UK markets

In the US, when a director, officer or 10 percent owner buys or sells shares in the company they work for (insider buy/sell), a Form 4 or Form 5 must be submitted to SEC, and can be found on the EDGAR ...
0
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2answers
92 views

Long term capital gains on SOME not all cryptos?

What happens if you daytrade some cryptos, while keeping others for a year? Will the CoinBase report to the IRS that you owe short term capital gains on some but long term on others?
1
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0answers
71 views

How can I automate recurring cash payments to an individual?

(US-based question) I currently give cash to several people on a regular basis: small cash gifts to help out unemployed relatives, tutors for my child, neighbors' children doing some yard work, and so ...
-2
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1answer
57 views

Is the value of a country's currency affected by it's economic status? [closed]

I always thought that since US was the best economy in the world, it's currency ($) would be the most 'expensive' - i.e holds the most worth all over the globe. But apparently, swiss francs (CHF) are ...
2
votes
2answers
61 views

Backwardation or Contango?

I was looking for graphs of backwardation and contango but I've found seemingly contradictory image results: For instance this image and this one show contago on top, but this one shows it on the ...
0
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0answers
26 views

What time and time zone is the open and close based on for yahoo finance historical data for currencies?

On yahoo finance you can download historical data for a currency as a CSV. As currency markets are open 24 hours in the week (except Friday) - is the open and close time taken as 00:00 each day? What ...
5
votes
3answers
1k views

Do I make more money if I combine 2 VTI investments (me and my spouse) into one investment?

Myself and my wife own some VTI ETF. I own more and she owns less. We are planning to make some additional monthly investments into VTI. Question -- Which account should we put more VTI in, mine or ...
1
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1answer
83 views

Homeowners insurance - dwelling replacement cost

When shopping for homeowners insurance you would most likely get quotes from different companies that have different dwelling replacement cost. They use publicly available information about the home ...
0
votes
1answer
65 views

Condominium Reviews [closed]

I am looking to buy a condo, but I am having trouble finding out information about the condominium complexes I am looking at, and knowing what information to trust. Several of the places I am looking ...
0
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0answers
65 views

if i change my bank password will venmo lose access to the bank?

After I learned that Venmo uses Plaid and monitors all transactions, I wanted to remove all access to the bank, but Venmo decided to put account on lock preventing me from doing that, and to remove ...
0
votes
1answer
117 views

Are there good ways to hedge against a combination of high inflation & rising rates?

I have saved some money that I would like to use in the next 1-3 years to start a company. In the meantime I would like to make sure that inflation does not eat up into my accumulated capital. I am ...
0
votes
1answer
154 views

Why would banks offer negative interest rates?

I recently saw news that Danish bank Danske Bank is going to be offering -1% return on balances over $16,000. Obviously nobody wants a negative return on their balances so nobody is going to want this....
0
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1answer
94 views

Is value investing applicable to precious metals?

Is it possible to apply value investing to precious metals? Value investing seeks to exploit discrepancies between price and value. The price of precious metals is widely known, but what about its ...
-3
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0answers
115 views

You know! I don't! Please help. Total Stock Market Funds [closed]

Advice please: I am considering going all in with the following TOTAL STOCK MARKET index funds on the stock portion of my portfolio. Good idea? Here is "my plan": Vanguard Institutional ...
-1
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0answers
39 views

Market neutral strategy with leverage and perpetual swaps?

What is a "perpetual swap"? In cryptocurrency exchanges, there is a financial product called "perpetual swap". (It is also called as "perpetual futures" or "...
1
vote
1answer
80 views

What are non-banking financial companies?

I read in the book Indian Economy by Ramesh Singh that,"NBFCs are fast emerging as an important segment of Indian financial system. It is an heterogeneous group of institutions performing ...
19
votes
3answers
8k views

Do I have to pay income tax if I don't get paid in USD?

If I were a freelance worker getting paid in cryptocurrency, would I have to claim my earnings as income? What if I never convert it to dollars?
0
votes
1answer
39 views

Early termination of rental property lease [closed]

How much could charge if the signed lease doesn't specify how much could be the early termination fee..?
1
vote
1answer
93 views

Wash sale rule for me?

I am in US. First of all I didn't knew wash sale applies for multiple accounts. That is completely my silliness. I purchased 100 shares of company X at $10 each in account 1 on January 1. I sold 30 ...
1
vote
1answer
47 views

UK tax when selling service through my website (via monthly subscriptions)

I live in UK and only pay taxes here. Every year I need to submit my self assessment but until now I only had my regular job, so all taxes were paid at source and I simply had to report this in the ...
0
votes
2answers
40 views

Schedule 1, Other Income: How to override in TurboTax

I have other income that is listed on Schedule 1. Schedule 1 Form line 8 state list type and amount. Turbo Tax enters "other income 1099-misc". I want to override the text and put my text in ...
0
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2answers
70 views

Why does an option have the term “weekly”?

I am new to option trading. I created a paper account in TD Ameritrade, and I noted some options are termed with "Weekly". Eg "May 15, 2021 (13 days) Weekly 100" "May 22, 2021 ...
0
votes
3answers
102 views

What are the disadvantages of copying the consensus stock picks of hedge funds?

Suppose I have made a list of hedge funds that are known to successfully follow a particular style of longer-term investing (e.g. long-term momentum, or value, or ...). I notice that this group of ...
1
vote
1answer
62 views

What kind of ETFs can be used by individual investors to defer capital gains taxes by investing in it?

I read (mirror 1, mirror 2): Kerry's huge stock portfolio was largely held through a trust affiliated with his wife Teresa Heinz Kerry, heiress to the Heinz food processing fortune. He reported ...

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