Search found 186 matches

by Hastibe
Mon May 02, 2016 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Potential Employer was excited to hire me! Then silence... What did I do?
Replies: 60
Views: 6901

Re: Potential Employer was excited to hire me! Then silence... What did I do?

She's going to touch base with her references, make sure they're good to go, and then I guess just keep applying. So much speculation (for good reason)--is there a reason that your wife couldn't just call the school district's HR and politely inquire whether any information could be provided about ...
by Hastibe
Sat Apr 30, 2016 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: I Hate My Job: Politics at Work (Advice Needed)
Replies: 108
Views: 13563

Re: I Hate My Job: Politics at Work (Advice Needed)

I really don't know how to deal with this kind of zero sum game, when I have the odds quite badly stacked against me. Check out the book, Getting to Yes: Negotiating Agreement Without Giving In by Fisher & Ury, it's a quick read and is the gold standard for negotiation in everything from intern...
by Hastibe
Sat Apr 30, 2016 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: How do I gift stock to spouse (in a way the IRS honors)?
Replies: 5
Views: 570

Re: How do I gift stock to spouse (in a way the IRS honors)?

But note: "If you sell or trade at a loss property you acquired from a related party, you cannot recognize the loss that was not allowed to the related party" Gill But, I'm not selling or trading property. I'm gifting. The quote you pulled out is from Related Party Transactions in Publica...
by Hastibe
Sat Apr 30, 2016 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: How do I gift stock to spouse (in a way the IRS honors)?
Replies: 5
Views: 570

Re: How do I gift stock to spouse (in a way the IRS honors)?

You can transfer them to her brokerage account but the loss situation won't work the way you think. Her basis for losses will be FMV on the date of gift. Her basis for gains will be your basis. In other words, the IRS prevents you from giving away losses. Gill I do not think that your wife can clai...
by Hastibe
Sat Apr 30, 2016 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: How do I gift stock to spouse (in a way the IRS honors)?
Replies: 5
Views: 570

How do I gift stock to spouse (in a way the IRS honors)?

I live in Wisconsin (a community property state), and I have an individual brokerage account with several stocks in it that are considered my individual property (they aren't marital property). These stocks have significant losses (one is a "worthless stock" or at least is no longer being ...
by Hastibe
Sat Mar 14, 2015 2:22 am
Forum: Personal Finance (Not Investing)
Topic: Married Filing Separately in Community Property State--help!
Replies: 9
Views: 2330

Re: Married Filing Separately in Community Property State--h

Another question that is pretty minor (I think?), but I can't find an answer to, anywhere: My filing status and state requires the use of Form 8958 as a part of my federal return (see: http://www.taxact.com/support/1662/community-property-states---federal-allocation-record---married-filing-separatel...
by Hastibe
Tue Mar 10, 2015 12:40 am
Forum: Personal Finance (Not Investing)
Topic: HSA deduction when filing MFS in community property state?
Replies: 0
Views: 252

HSA deduction when filing MFS in community property state?

On page 6 of Publication 555 (Community Property), it says that "Deductions for IRA contributions cannot be split between spouses (or registered domestic partners). The deduction for each spouse (or each registered domestic partner) is figured separately and without regard to community property...
by Hastibe
Wed Feb 18, 2015 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting W-2 when Filing MFS in Community Property State
Replies: 0
Views: 244

Reporting W-2 when Filing MFS in Community Property State

This past June, my wife and I moved to Wisconsin, which is a community property state, and we will be filing as married filing separately (MFS) this year (and for many future years), because of how Public Service Loan Forgiveness and Income-Based Repayment of loans work. For filing as MFS in communi...
by Hastibe
Wed Feb 18, 2015 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: How to find historical price of stock that no longer exists?
Replies: 7
Views: 1765

Re: How to find historical price of stock that no longer exi

Hi orlakis--I did hear back from BMO Investor Relations, and they might be able to help you: ---------- Original message ---------- From: Secretary, Corporate <Corp.Secretary@bmo.com> Date: Mon, Feb 4, 2013 at 8:45 AM Subject: RE: Historical stock price of M&I I have some historical share prices...
by Hastibe
Wed Feb 18, 2015 2:45 pm
Forum: Personal Consumer Issues
Topic: Recommend a general U.S. history book
Replies: 22
Views: 1808

Re: Recommend a general U.S. history book

Triple digit golfer wrote:There are hundreds of books out there. Any recommendations?

by Hastibe
Fri Sep 12, 2014 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Married Filing Separately in Community Property State--help!
Replies: 9
Views: 2330

Re: Married Filing Separately in Community Property State--h

flyingbison wrote:Might be easier to get a divorce. :twisted:

Haha, I know, right!?! :shock: ...Only three questions left, though!
by Hastibe
Mon Sep 08, 2014 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Married Filing Separately in Community Property State--help!
Replies: 9
Views: 2330

Re: Married Filing Separately in Community Property State--h

It sounds like you may need to find a CPA to help you with your taxes this year. That certainly may be the case! Thanks to help here and elsewhere, though, I've actually been able to answer several of my questions (I've updated my first post with a list of the questions I've had that have been answ...
by Hastibe
Sun Sep 07, 2014 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Married Filing Separately in Community Property State--help!
Replies: 9
Views: 2330

Re: Married Filing Separately in Community Property State--h

...And another related question that has come up: ⋅ When splitting community income 50/50 between my wife's and my married filing separately tax returns, do we use nominee procedures for interest and dividend income of ours? Or do we just use Form 8958 (Allocation of Tax Amounts Between Ce...
by Hastibe
Sat Sep 06, 2014 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: How do I report income held in a joint account?
Replies: 7
Views: 788

Re: How do I report income held in a joint account?

In some states a joint account belongs to the joint owners in proportion to their contributions, while in other states it belongs to them equally. You'll have to check to see which way it works in the applicable state. Thanks for your response--do you have any suggestions about where I can find thi...
by Hastibe
Sat Sep 06, 2014 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: How do I report income held in a joint account?
Replies: 7
Views: 788

Re: How do I report income held in a joint account?

Raladic wrote:If your state is a community property state then its 50/50 split.

Ohio isn't a community property state, unfortunately.
by Hastibe
Sat Sep 06, 2014 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: How do I report income held in a joint account?
Replies: 7
Views: 788

Re: How do I report income held in a joint account?

What does the IRS say? Try the instructions for form 1040. Or IRS pub 17. I'm sure someone could point you to the right document with this information. Ah, I always forget about Publication 17--good idea! Just looked, and this is what it says under chapter 7 (interest income), on page 57: "Joi...
by Hastibe
Sat Sep 06, 2014 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: How do I report income held in a joint account?
Replies: 7
Views: 788

How do I report income held in a joint account?

My wife and I are in one of those unusual situations where it is advantageous for us to file as married filing separately (MFS) this year. My wife and I have earned interest in a savings account held in both of our names (it's a "Joint Account with Right of Survivorship") and this income w...
by Hastibe
Sat Aug 30, 2014 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Married Filing Separately in Community Property State--help!
Replies: 9
Views: 2330

Re: Married Filing Separately in Community Property State--h

One additional question (I thought a Google search would yield an obvious answer, but apparently not!)... ⋅ Throughout the year, my wife and I have earned interest in a savings account held in both of our names (it's a "Joint Account with Right of Survivorship"). This past June, ...
by Hastibe
Sat Aug 30, 2014 2:13 am
Forum: Personal Finance (Not Investing)
Topic: Married Filing Separately in Community Property State--help!
Replies: 9
Views: 2330

Re: Married Filing Separately in Community Property State--h

The people who make TurboTax (intuit.com) have the following general advice... Thanks for your response! I appreciate this, though -thanks to those publications that I mentioned at the bottom of my first post, ouf!- I do already have a general understanding of how married filing separately in a com...
by Hastibe
Sat Aug 30, 2014 1:13 am
Forum: Investing - Help with Personal Investments
Topic: New job, HSA, where to begin
Replies: 5
Views: 844

Re: New job, HSA, where to begin

For an individual, $3,300 this year and $3,350 next year for the limits. That's a federal limit, so it shouldn't matter where you put it. I would just add to make sure to check out IRS Publication 969 (Health Savings Accounts and Other Tax-Favored Health Plans), and what it says on page 3 about qua...
by Hastibe
Fri Aug 29, 2014 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Married Filing Separately in Community Property State--help!
Replies: 9
Views: 2330

Married Filing Separately in Community Property State--help!

This past June, my wife and I moved to Wisconsin, which is a community property state, and we will be filing as married filing separately (MFS) this year (and for many future years), because of how Public Service Loan Forgiveness and Income-Based Repayment work (if you want more on this, please see...
by Hastibe
Fri Aug 22, 2014 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for financial planning pointers for buying a house
Replies: 9
Views: 1304

Re: Looking for financial planning pointers for buying a hou

Thank you for your responses, retiredjg, cvaneuro, and Mike! They are very helpful and I really appreciate it--we'll be pursuing some of the steps y'all recommended.
by Hastibe
Sat Aug 16, 2014 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for financial planning pointers for buying a house
Replies: 9
Views: 1304

Re: Looking for financial planning pointers for buying a hou

Thanks for the feedback, Mike, LongerPrimer, and retiredjg--this information and input is really helpful. While you are saving for the house, you will want to make sure your credit is good. Subscribe to Credit Karma to get your FICO score. Go to annualcreditreport.com and make sure there are no erro...
by Hastibe
Fri Aug 15, 2014 10:47 pm
Forum: Investing - Help with Personal Investments
Topic: Help with portfolio review/contribution plan (3 questions)
Replies: 11
Views: 1832

Re: Help with portfolio review/contribution plan (3 question

I think the guideline is a good one. But with interest rates so low, people seem to be impatient with it and want to juice their returns by using something more aggressive. This increases your risk that your money might take a bit of a dive at the worst possible time. Thanks again for your response...
by Hastibe
Fri Aug 15, 2014 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for financial planning pointers for buying a house
Replies: 9
Views: 1304

Looking for financial planning pointers for buying a house

My wife and I feel fairly confident that we'll want to buy a house in about 5 years (so, ~2019), and where we are looking, the market for a house seems to currently be around $250K. Currently, we are trying to figure out what we need to do, so that we will be financially ready to make this move when...
by Hastibe
Thu Aug 14, 2014 2:32 am
Forum: Personal Consumer Issues
Topic: "Russan Gang Amasses Over A Billion Stolen Passwords"
Replies: 87
Views: 11145

Re: "Russan Gang Amasses Over A Billion Stolen Passwords"

For those who have been enjoying learning about passwords, encryption, and decryption, you also might find these articles enlightening/fascinating (at least, I did!): ⋅  What is password hashing? and How Hashes are Cracked ⋅  Anatomy of a hack: How crackers ransack passwords like...
by Hastibe
Fri Aug 08, 2014 1:11 am
Forum: Personal Consumer Issues
Topic: "Russan Gang Amasses Over A Billion Stolen Passwords"
Replies: 87
Views: 11145

Re: "Russan Gang Amasses Over A Billion Stolen Passwords"

What was interesting was when I googled "test security passwords" I got a whole pages of sites which allow you to enter your proposed password (better yet a proxy for it) to see how strong the password is. I tried about half a dozen. The difference of opinions was ridiculous. Some of them...
by Hastibe
Wed Aug 06, 2014 1:34 am
Forum: Personal Consumer Issues
Topic: "Russan Gang Amasses Over A Billion Stolen Passwords"
Replies: 87
Views: 11145

Re: "Russan Gang Amasses Over A Billion Stolen Passwords"

Whoops, I just made a thread about this, and then saw this one, so I deleted my duplicate thread and pasted below what I had written there. Good time to change passwords (over a billion stolen!) Just a heads-up. In case you haven't heard about this ( Russian Crime Ring Amasses Over a Billion Interne...
by Hastibe
Tue Aug 05, 2014 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Help with portfolio review/contribution plan (3 questions)
Replies: 11
Views: 1832

Re: Help with portfolio review/contribution plan (3 question

The "rule of thumb" you probably saw was something like -for money needed in less than 5 years, use cash, money market, CDs - things that do not lose value -for money need in 5 to 10 years, bring in some bonds -for money needed in more than 10 years, bring in some stocks This was common a...
by Hastibe
Sun Aug 03, 2014 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor ROTH IRA Process.
Replies: 42
Views: 4923

Re: Backdoor ROTH IRA Process.

Thanks so much for your response, Alan! I must have added the additional update to my previous post just as you posted. I appreciate you looking over my hypothetical 8606 forms a lot. After reviewing what you and others wrote here and in the threads that I linked to in my previous post, it seems lik...
by Hastibe
Sun Aug 03, 2014 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor ROTH IRA Process.
Replies: 42
Views: 4923

Re: Backdoor ROTH IRA Process.

Now, for 2014, same thing, except for 2014, I will pay taxes on the conversion to ROTH which would be on 30 dollars. Actually, you will pay tax on $40, not $30. Your wife, on the other hand, will have $10 "credit" on paper so at some point in the future, the first $10 of a conversion will...
by Hastibe
Fri Aug 01, 2014 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: Help with portfolio review/contribution plan (3 questions)
Replies: 11
Views: 1832

Re: Help with portfolio review/contribution plan (3 question

And if all of that is not complicated enough, there are exceptions which might do away with the penalties.... The obvious way to avoid a problem with this is to avoid letting that $500 ever accrue. The way to do that is to convert to Roth immediately (not wait to try to avoid the possible step doct...
by Hastibe
Wed Jul 30, 2014 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Help with portfolio review/contribution plan (3 questions)
Replies: 11
Views: 1832

Re: Help with portfolio review/contribution plan (3 question

Thanks so much for your feedback, retiredjg--I really appreciate it! The emergency fund is not too large in my opinion. Yes, it is unlikely that all that stuff will happen at once, but that is not really the point. One good car wreck could put a serious dent in $18k if you had to replace the vehicle...
by Hastibe
Tue Jul 29, 2014 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: Help with portfolio review/contribution plan (3 questions)
Replies: 11
Views: 1832

Re: Help with portfolio review/contribution plan (4 question

Series EE bonds haven't paid 4% since the ones issued in 2007, so I assume yours are that old. You could count them as part of your emergency fund. Since they're more than five years old, you wouldn't lose any interest by cashing them. Thanks for your feedback! Yes, the Series EE bonds are old, but...
by Hastibe
Tue Jul 29, 2014 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Please confirm my back door Roth understanding
Replies: 15
Views: 2280

Re: Please confirm my back door Roth understanding

Thought you might find these articles by The Finance Buff helpful, Traveller:

by Hastibe
Mon Jul 28, 2014 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Help with portfolio review/contribution plan (3 questions)
Replies: 11
Views: 1832

Help with portfolio review/contribution plan (3 questions)

I've really appreciated the advice and insight I've gained from participating on this forum over the years, and I look forward to reading responses to this post and my questions. Thank you for your time and consideration! Emergency funds: 3 months for just regular living expenses @ 0.9% APY Debt: $2...
by Hastibe
Tue Jun 17, 2014 10:57 pm
Forum: Personal Consumer Issues
Topic: TV show recommendations?
Replies: 435
Views: 179862

Re: TV show recommendations?

Just finished watching Exile (on Netflix)--it's a British mini-series that aired on the BBC, and I thought it was excellent--great, suspenseful story about a journalist returning home to face a family mystery.
by Hastibe
Mon Feb 17, 2014 2:40 am
Forum: Personal Finance (Not Investing)
Topic: Question about filing amended return
Replies: 20
Views: 2036

Re: Question about filing amended return

But it wasn't a waste. Look at all we have learned! Thanks for getting us started on the road to knowledge. :) Thanks for the positive outlook (and help)--haha, oye, well, I hope this thread at least spares someone else hours and hours of delightful tax amendment preparing time at some point... :P
by Hastibe
Mon Feb 17, 2014 2:01 am
Forum: Personal Finance (Not Investing)
Topic: Question about filing amended return
Replies: 20
Views: 2036

Re: Question about filing amended return

So, I just need to secure the approval of the Secretary, eh? *sigh* See my links above, too (that I edited into my previous post). From the first link: "Rev. Rul. 55-655 The election provided by section 454 of the Internal Revenue Code of 1954 for a taxpayer to treat as income in a taxable year...
by Hastibe
Mon Feb 17, 2014 1:31 am
Forum: Personal Finance (Not Investing)
Topic: Question about filing amended return
Replies: 20
Views: 2036

Re: Question about filing amended return

I also posted this question on this thread in the Fairmark forum, and someone wrote back saying that "So sorry, you can only change from a tax deferred status to paying annually on savings bonds in a timely filed return." Foo--I would be so bummed if this is the case, but -a ton of Google ...
by Hastibe
Mon Feb 17, 2014 1:25 am
Forum: Personal Finance (Not Investing)
Topic: Question about filing amended return
Replies: 20
Views: 2036

Re: Question about filing amended return

sscritic wrote:Where did you read to write all over your Schedule B with a confession of the error of your previous ways? :)

Haha, okay, I guess that looks like it's unnecessary--I got this silly idea from this thread: viewtopic.php?f=1&t=116975
by Hastibe
Mon Feb 17, 2014 12:34 am
Forum: Personal Finance (Not Investing)
Topic: Question about filing amended return
Replies: 20
Views: 2036

Re: Question about filing amended return

While I was working on putting together my amended tax return today, I realized that if I took the Lifetime Learning Credit, instead of the Tuition and Fees Deduction (it didn't make a difference before), I wouldn't owe any additional tax, after all! :D ...Now, I know it will probably take about a c...
by Hastibe
Sun Feb 16, 2014 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Question about filing amended return
Replies: 20
Views: 2036

Re: Question about filing amended return

That's for certain reimbursements of hurricane-related losses. Here is IRS Notice 2008-95, referred to in the instructions to Form 1040X: http://www.irs.gov/irb/2008-44_IRB/ar09.html. The Notice refers to the applicable statute, section 3082(a) of the Housing and Economic Recovery Act of 2008. Oh, ...
by Hastibe
Sat Feb 15, 2014 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Question about filing amended return
Replies: 20
Views: 2036

Re: Question about filing amended return

Thank you so much for our helpful responses, damjam and MarkNYC! No penalty, but isn't there interest on the unpaid balance? Bruce I was assuming that there would be, but I just read this on page 4 of the Instructions for 1040X , which implies that there might not be, in this case ( whoops, the quot...
by Hastibe
Sat Feb 15, 2014 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Question about filing amended return
Replies: 20
Views: 2036

Question about filing amended return

I recently realized that it would ultimately save me several hundred dollars of taxes if I filed an amended 2012 income tax return in order to report the accrued interest on U.S. savings bonds that I have (this is because I am now in a higher tax bracket, so reporting the accrued interest in 2013 or...
by Hastibe
Fri Sep 13, 2013 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Hobby or Self-Employment on Income Tax Return?
Replies: 17
Views: 2123

Re: Hobby or Self-Employment on Income Tax Return?

mptness wrote:What if you deduct the loss from selling the personal items and call it a wash?

That'd be nice, but "you may deduct capital losses only on investment property, not on property held for personal use" (see here), unfortunately.
by Hastibe
Thu Sep 12, 2013 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Hobby or Self-Employment on Income Tax Return?
Replies: 17
Views: 2123

Re: Hobby or Self-Employment on Income Tax Return?

Get a grip on yourself man. I woudn't mention this to anyone. You sold something to someone at sometime somewhere and made a little money? And you want to report it as income. What you need an audit in your future or something? Don't mention this as anything to anyone --cchobby or whatever you want...
by Hastibe
Thu Sep 12, 2013 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Hobby or Self-Employment on Income Tax Return?
Replies: 17
Views: 2123

Re: Hobby or Self-Employment on Income Tax Return?

stingray5688 wrote:the worst part is that this post is now saved on the internet forever :oops:

Wait... What? :confused
by Hastibe
Thu Sep 12, 2013 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Hobby or Self-Employment on Income Tax Return?
Replies: 17
Views: 2123

Hobby or Self-Employment on Income Tax Return?

I occasionally sell items on Amazon and Ebay--in the past, these items have been personal-use property (which I sell for less than what I bought them for and thus have no tax liability). I enjoy selling items on Amazon and Ebay, because it's nice to get rid of an item that I'm not using, which someo...
by Hastibe
Thu Sep 12, 2013 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Two Capital Gains Questions (selling on Amazon / Ebay)
Replies: 4
Views: 498

Re: Two Capital Gains Questions (selling on Amazon / Ebay)

Aptenodytes wrote:I can't tell if this is a troll or sincere, but the answer is "don't worry about it."

What can I say? I like doing things by the book, I guess. :P Well, thanks for the advice and for humoring me!

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