WilliamKF
  • Member for 11 years, 4 months
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Why are big companies like Apple or Google not included in the Dow Jones Industrial Average (DJIA) index?
13 votes

Traditionally, the Dow Jones Industrial Average (DJIA) was only comprised of stocks that were traded on the New York Stock exchange. Neither Apple (AAPL) nor Google (GOOG) are traded on the New York ...

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What is the difference between a stock and a bond?
9 votes

A stock is an ownership interest in a company. There can be multiple classes of shares, but to simplify, assuming only one class of shares, a company issues some number of shares, let's say 1,000,000 ...

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Building Credit for a Young Person with No Credit
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6 votes

Good credit is calculated (by many lenders) by taking your FICO score which is calculated based upon what is in your credit report. Building credit generally means building up your FICO score. Your ...

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Received 1099-C from Discover for Bankruptcy Chapter 7
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4 votes

You have to file form 982 as explained on these pages: http://www.bankruptcylawnetwork.com/in-bankruptcy-dont-fear-the-1099-c/ http://community.intuit.com/posts/debt-cancellation-1099-c-and-form-982-...

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Could excess 401(k) contributions be used to game/maximize matches from different employers?
3 votes

If you end up contributing too much to your 401(k)s due to having more than one employer, you could end up with double taxation, once on the excess contribution in the year you contributed and once on ...

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Under federal rules, does a non-taxable IRA Roth Conversion impact school financial aid?
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2 votes

The FAFSA instructions read: Subtract the total of lines 15b from the total of lines 15a. Then subtract all rollover amounts from the remainder. In the example above, while 15a minus 15b is $1,000,...

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How to allocate Roth conversion income across states when moved during year?
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2 votes

I found this on the California Franchise Tax Board web at https://www.ftb.ca.gov/professionals/taxnews/2011/February/Article_4.shtml: If a taxpayer chooses to defer to 2011 and 2012 and the ...

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How to reconcile final payment on installment sale for IRS form 6252?
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1 votes

Reading IRS Regulations section 15a.453-1(c) more closely, I see that this was a contingent payment sale with a stated maximum selling price. Therefore, at the time of filing prior years, there was no ...

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Can I elect for a deductible Traditional IRA contribution to be treated as non-deductible?
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1 votes

The answer is in IRS Publication 590 on page 17 When you file, you can even designate otherwise deductible contributions as non deductible contributions. On IRS Form 8606 you may enter the non ...

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How do I recharacterize Traditional IRA contribution to Roth that was converted to Roth?
0 votes

Only one form is needed (according to Wells Fargo). It is the WellsTrade IRA Recharacterization Form. Item B is filled out for a partial recharacterization with the from account being the Traditional ...

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