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by mcshade725
Wed Mar 04, 2015 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Form 1099-D - Block 2A Total Cap Gains Distribution
Replies: 3
Views: 296

Re: Form 1099-D - Block 2A Total Cap Gains Distribution

The number reported in Box 2A of the Form 1099-DIV is the total of the capital gain distributions during the year from the mutual funds/etfs held in the account and they are all long term gains. Your tax software will create the appropriate entry for these in Schedule D. This number has nothing to ...
by mcshade725
Wed Mar 04, 2015 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Estate - Stepped-Up Value of House
Replies: 6
Views: 692

Re: Estate - Stepped-Up Value of House

Alan - I interpreted his question to mean if they sold it now why they were both alive. Pub 523 says, regarding ownership and marriage: Marriage. Married individuals may exclude up to $500,000 of gain if they file a joint return and neither spouse excluded gain on the sale of another home within a ...
by mcshade725
Tue Mar 03, 2015 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Estate - Stepped-Up Value of House
Replies: 6
Views: 692

Estate - Stepped-Up Value of House

Consider that the estate is below the estate-tax exemption. I am married and years ago I had the house title in my name alone in order to get the "stepped-up" house value for my wife if I died. This was when there was a lower or no sale tax exclusion and estate taxes were at amounts much l...
by mcshade725
Mon Mar 02, 2015 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Form 1099-D - Block 2A Total Cap Gains Distribution
Replies: 3
Views: 296

Form 1099-D - Block 2A Total Cap Gains Distribution

I do a lot of trading and receive a CY Tax Reporting Statement listing all the sells (short and long). In Block 2a - Total Capital Gains Distribution - I show a dollar amount. I know that a quirk of the Tax law is that short term gains are reported in "Total Ordinary Dividends". I use an e...
by mcshade725
Mon Aug 12, 2013 11:41 am
Forum: Investing - Theory, News & General
Topic: Ticker Information - BGFV Stock Drop Manipulation
Replies: 5
Views: 372

Ticker Information - BGFV Stock Drop Manipulation

I had a S?L on BGFV executed at far below the price at market opening on 31 July 13. As to the basis, i am not contend with the answer provided by Fidelity as to why so low. The issue I have is - do other trading platforms or financial institutions manipulate those orders (Company reported bad finan...
by mcshade725
Tue Feb 26, 2013 12:48 am
Forum: Investing - Help with Personal Investments
Topic: Switch from Fidelity to Vanguard? (new member)
Replies: 13
Views: 2123

Re: Switch from Fidelity to Vanguard? (new member)

I am familiar with both. I have consolidated my portfolio into Fidelity while I manage my Sister's portfolio in Vanguard. I am an active investor usually trading daily and the Fidelity on-line trading features are far superior to Vanguard. With the Pro Active Launch feature you can see your "Wa...
by mcshade725
Wed Jan 30, 2013 9:34 pm
Forum: Investing - Help with Personal Investments
Topic: MRD-IRA ROTH COntribution
Replies: 2
Views: 377

MRD-IRA ROTH COntribution

I am over 70 and have a IRA MRD commencing. However, I did have a small amount of income last year. Can I still contribute to a Roth IRA for the amount of those earnings?
by mcshade725
Wed Dec 12, 2012 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: ETF PIMCO BOND
Replies: 3
Views: 306

Re: ETF PIMCO BOND

As to distribution - that was the distribution date not the x date or are they the same for BOND?
by mcshade725
Wed Dec 12, 2012 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: ETF PIMCO BOND
Replies: 3
Views: 306

ETF PIMCO BOND

Why did the BOND go down about 1% yesterday - quite a drop for BOND?
by mcshade725
Tue Sep 04, 2012 12:46 am
Forum: Investing - Help with Personal Investments
Topic: What to do with 2.5 mill
Replies: 137
Views: 20898

Re: What to do with 2.5 mill

Have a party.
by mcshade725
Tue Jul 24, 2012 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Any reason I should not cancel my Amex Gold Card?
Replies: 21
Views: 3030

Re: Any reason I should not cancel my Amex Gold Card?

I don't think so. I love Amex since there service is so terrific. I have had numerous different cards. Blue Cash is free and provides usually a 2% return. I only obtain any fee cards for the bonus miles and if the annual fee is waived for a year. As an example, I now have the Amer Business Card whic...
by mcshade725
Tue Jul 24, 2012 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Auto insurance: couple of questions
Replies: 1
Views: 538

Re: Auto insurance: couple of questions

Medical Payments - I would since it is so cheap - Mine is only $6-8 a year Liability Insurance in Canada - Rental Car - I would check with your insurance company as to the scope of your coverage using a rental car. Be very careful about a truck rental. Insurance companies usually do not cover and bu...
by mcshade725
Tue Jul 24, 2012 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited Rental Property - Follow Up
Replies: 2
Views: 411

Inherited Rental Property - Follow Up

Example - I have rental property in my name only. I have taken depreciation over years. When I die, this property will go to my wife. When she receives it and for later sale purposes, what would be the cost basis. Say - Property purchased at $300,000 - depreciated to $250000 - value at time of my de...
by mcshade725
Mon Jul 23, 2012 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited Rental Property - Cost Basis
Replies: 1
Views: 253

Inherited Rental Property - Cost Basis

What it the cost basis for inherited rental property?
by mcshade725
Thu Feb 23, 2012 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse Off-Set - SS Payments
Replies: 1
Views: 260

Spouse Off-Set - SS Payments

I am collecting fully SS payments. My wife will be 62 in Sep and can be collecting SS. She has a part time job. Will those part time job payments be subject to any off-set from SS? How is that identified if we file a joint return? Thanks Bill
by mcshade725
Fri Jan 20, 2012 1:08 am
Forum: Investing - Help with Personal Investments
Topic: Tax Status - Annuity
Replies: 3
Views: 282

Tax Status - Annuity

I have a Variable Annuity w/Fidelity. Value is as follows: Initial Input - $14, 072.17 Current Value $15,571.19 . I asked Fidelity questions as to termination process but also tax consequences - ordinary income - capital gain - long term. The answer I received back was: the After Tax Cost Basis of t...
by mcshade725
Fri Nov 04, 2011 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Company Options - Time to Execute
Replies: 3
Views: 303

Company Options - Time to Execute

I have some stock options for CTL from my prior employment. They are currently under the current CTL price and will expire on 18 Nov 11. Since the stock option price is under the current trading price, I should exercise my options. However, it is my understanding that it is beneficial to wait until ...

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