Unanswered Questions
1,895 questions with no upvoted or accepted answers
12
votes
0answers
551 views
What are the appropriate forms to file when using a mega-backdoor?
For the backdoor (IRA -> Roth IRA, generally up to $5500 per year) conversion, we need to file Form 8606.
Are there any equivalent forms that must be filed for mega-backdoor (After-tax 401k -> Roth ...
10
votes
0answers
276 views
Are banks discontinuing single-use virtual credit card numbers (like BofA's ShopSafe)?
I found this old question / answer that refer to the same problem: I used to generate a new virtual credit card number with BofA's ShopSafe service, set the credit limit / expiration date and I could ...
7
votes
0answers
180 views
Can I legally file zero tax return as non-resident to get ITIN?
I want to obtain an ITIN number to get a credit card / open bank account in the US. I know, IRS does not issue this number unless for tax reporting purposes. I visit the US from time to time on a ...
7
votes
1answer
136 views
Can I defer starting Medicare if 65 and on COBRA after a lay-off? (HSA, COBRA, and Medicare)
I turned 65 in February, am still working full-time, and have medical insurance through my company that qualifies me to defer signing up for Medicare. I've been contributing the maximum to my HSA ...
7
votes
1answer
125 views
Will Poland tax my SIPP?
I am UK resident for tax purposes and have a SIPP. If I become resident in Poland for tax purposes then will Poland tax my SIPP? If so then in what way?
My SIPP holds a single fund which does not pay ...
7
votes
3answers
1k views
Mega Backdoor Roth: Withdrawal consequences for in-plan vs out-of-plan conversion
My employer allows after-tax 401k contributions, and has an option for automatic quarterly after-tax 401k -> Roth 401k in-plan conversions. The other option for executing the mega backdoor Roth is to ...
7
votes
1answer
523 views
With the Fringe Benefits Tax, should I even salary sacrifice for a car?
In Australia, some employers offer an option to salary sacrifice a car purchase. The cost of the car is taken from your pre-tax salary, so your gross income will be less, and therefore, your income ...
6
votes
1answer
132 views
In which country do I pay capital gain taxes, as a German with a US Internship?
This year, I did an internship in the US, and during that time I bought some stocks. Now I am back in Germany, and got dividend payments on these stocks, and also want to sell some of them soon. ...
6
votes
0answers
80 views
Tax deduction for legal fee in defending my current job related to a threatening letter?
I paid around 750 dollars last year to consult lawyers regarding a threatening letter from a former employer related to company confidential information where they asked me to sign additional ...
6
votes
0answers
243 views
Starting a trust fund in an EU country
I'm in a sudden and unfortunate need of starting a trust fund (money being the only asset) in an EU country (I'm afraid I need to rule out UK as an option) for a minor (not a relative of mine) that ...
6
votes
0answers
87 views
State Income tax when splitting a day between states (in the USA)
First of all, I realize that when traveling to another state for employment it is commonplace to owe taxes in that state for the work performed+sourced in that state.
Example: you work/live in ...
6
votes
1answer
483 views
Tax question - Inheritance from UK living in USA
I am a Green Card resident in Nebraska USA, and I am a UK citizen. Is it correct that I need to report to the USA Government if I inherit more than $10,000 from my father’s Will (he too was a UK ...
6
votes
1answer
37k views
How to understand “Money Market Purchase” and “Money Market Redemption” transactions in stock account?
In my stock account (TDAmeritrade if it matters), there are many transactions with description "MONEY MARKET PURCHASE", "MONEY MARKET REDEMPTION", "MONEY MARKET REDEMPTION (MMDA1)". What are they? ...
6
votes
1answer
5k views
Tax treatment of dividends paid on short positions
If a retail investor holds a short position when the stock goes ex-div, they must therefore pay a dividend to the buyer of the short. What is the tax treatment for this dividend payment the investor ...
5
votes
1answer
157 views
how can I travel to to open a US bank account as an EU tourist?
Am a German citizen and I would like to open a checking account in USA, no matter which bank, important is the fact that I can have a Zelle service and that I actually can handle to manage the account ...
