New answers tagged pennsylvania
1
It simply depends on the type of loan.
Typically, with a "personal loan" from a bank, yes, you can do precisely this.
I have indeed done this a couple times for various reasons and repaid the whole thing after just days, and paid only a trivial amount of interest on the whole affair (like "a dollar" or such).
So yup, no problem.
But, very ...
1
Not just when you sell. You owe taxes already, and more if you sell in the future.
https://www.irs.gov/pub/irs-drop/n-14-21.pdf
First, the tokens Brave gives you are immediately taxable income.
A taxpayer who receives virtual currency as payment for goods or services
must, in computing gross income, include the fair market value of the virtual currency, ...
2
I live in the state of Pennsylvania and work from home full time for a
company in Virginia.
That means that you are not a resident of Virginia, because even though the company is located in Virginia you do almost all the work while sitting in Pennsylvania. Therefore you will not owe Virginia income state income tax.
Even if you came into the Virginia office,...
0
Yes, in fact as long as you pay in legal tender they cannot refuse your payment. It is quite common that people who intend to build a credit record open clothing accounts at big retailers buy clothes on credit and pay them off the next month.
0
It depends on the type of loan.
A mortgage, personal loan, etc. will typically start accruing interest immediately. If you pay it back the same day, there may not be any interest, but if you pay it back 29 days later, you will likely owe most of one month's interest. Depending on your unstated goal, it may still be worth it. For instance, I recently took a ...
13
I think you're describing credit cards.
It's literally a 30-60 day (depending on when you make the purchase) interest-free loan that you should pay back on time to avoid interest.
If not credit cards then a HELOC (Home Equity Line of Credit).
Just about any line-of-credit loan will fit your description.
If you explicitly want a "personal loan" then ...
5
This is commonly allowed on margin loans. I use this from time to time either when replacing one security with another or when selling a security to cover an expense.
The loan covers the time period between when then funds settle for the security sold and when the expense is paid for or the funds are provided for the security bought. If settled within the ...
23
"Immediately" per the title, mortgage refinance loans and many other consumer loans are covered by the Truth in Lending Act providing a Federal 3 day "right of rescission", where you can cancel the loan within 3 days and owe nothing.
Pennsylvania separately provides a 3 day right to rescind for any contract over $25 where a salesperson ...
84
It will depend on the terms and conditions of the loan you take. Some loans have penalties on early repayment while others do not.
1
For me, that was enough. My dad died about 5 years ago, and I was the beneficiary of his IRA. The custodian transferred the money to me, no probate involved, and it was all very easy.
Your mileage may vary...
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