Search found 4696 matches

by HueyLD
Fri Feb 24, 2017 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard 1099B - when is it safe to import for taxes?
Replies: 9
Views: 395

Re: Vanguard 1099B - when is it safe to import for taxes?

canderson wrote:
livesoft wrote:Why not just file for an extension, then file for real in October?

I'm weird and want it just done with. :)

Go ahead and file before you roam the world.

The worst case scenario is that you might have to file an amended return. No biggie.
by HueyLD
Fri Feb 24, 2017 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Worksheet Question
Replies: 5
Views: 228

Re: Tax Worksheet Question

You made a mistake on the IRS worksheet. I came up with the same tax liability using both methods at $25,338.
by HueyLD
Fri Feb 24, 2017 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Worksheet Question
Replies: 5
Views: 228

Re: Tax Worksheet Question

Two problems:

(1) The linked IRS worksheet is for year "2015."

(2) The personal exemption for 3 is 12,150, not 12,000.
by HueyLD
Fri Feb 24, 2017 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Tax info from Vanguard to Turbo Tax
Replies: 14
Views: 700

Re: Tax info from Vanguard to Turbo Tax

I was never able to download my brokerage trust data from VG to TT. I called both and they finger pointed at each other so I entered the data manually which was annoying. All the Mutual Fund data transferred just fine and for all other accounts (Schwab etc) I had no problems with importing. I had t...
by HueyLD
Fri Feb 24, 2017 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax importing Vanguard funds
Replies: 6
Views: 611

Re: TurboTax importing Vanguard funds

I downloaded Vanguard's 1099-DIV and it populated 100% of the tax exempt muni dividends. But I had to go into the input screen for each muni fund to enter my state's percentage. And yes my state allows a deduction for any percentage of in-state muni dividends. So glad it is not NJ.
by HueyLD
Fri Feb 24, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Filing For Extension?
Replies: 8
Views: 216

Re: Filing For Extension?

A late payment penalty applies if you didn't pay additional taxes owed by April 18, 2017. The late payment penalty is 0.5% of the balance due per month, up to a maximum of 25%. The late payment penalty applies with or without extension. In addition, interest accrues on any unpaid tax from the due da...
by HueyLD
Fri Feb 24, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: HSA
Replies: 3
Views: 360

Re: HSA

I noticed when doing my taxes that when converting TIRA, you can elect to move $ to an HSA, one time only. Has anyone done this and if so, how does it work? We are both retired and medical expenses going up, thanks Are you currently an eligible individual for HSA? Definition of an eligible individu...
by HueyLD
Fri Feb 24, 2017 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Lousy Customer Service
Replies: 24
Views: 1604

Re: Vanguard Lousy Customer Service

Andro,

Transfer your money out to a brokerage that is competent to handle your needs.

Good luck.
by HueyLD
Fri Feb 24, 2017 10:18 am
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 54
Views: 7424

Re: Vanguard opens special offices for $1 million clients

Glamdring56 wrote:On a more mundane level will I get some form of information on my 1099 from Vanguard that might allow me to deduct some or all of my PAS .3% fee as a deductuble investment expense?

Yes, as a misc. itemized deduction subject to the 2% AGI floor.
by HueyLD
Fri Feb 24, 2017 8:15 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax importing Vanguard funds
Replies: 6
Views: 611

Re: TurboTax importing Vanguard funds

Importing is just that. It does not know that your NJ muni fund is exempt from NJ income tax. It also does not know that part of the VWIUX is exempt from NJ taxes.

You need to go to the individual screens and tell TT the percentages exempt from NJ.
by HueyLD
Fri Feb 24, 2017 8:09 am
Forum: Personal Consumer Issues
Topic: Drones in arizona
Replies: 34
Views: 2598

Re: Drones in arizona

You can drone anywhere you see fit as long as you follow the law in AZ. PHOENIX — Cities and towns will be barred from making their own rules regulating drone use under legislation signed Wednesday by Arizona Gov. Doug Ducey that was designed to prevent a patchwork of regulations that would make it ...
by HueyLD
Thu Feb 23, 2017 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Wow, Vanguard Flagship service is bad. Really bad.
Replies: 142
Views: 19174

Re: Wow, Vanguard Flagship service is bad. Really bad.

JPH wrote:As a bonus she scolded me for trying to log onto my wife's account. I liked that too as it showed that she really is looking after our security.

You can fill out the agent authorization form for each other so that you can transact on behalf of each other.
by HueyLD
Wed Feb 22, 2017 7:49 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 54
Views: 7424

Re: anguard opens special offices for $1 million clients

Livesoft, You misunderstood me. The linked article says that vanguard will have three offices where flagshipers can meet face to face with their reps. However, those three locations a are too far from the vast majority of their FS customers. I heard from a FS rep in Scottsdale that the vast vast ma...
by HueyLD
Wed Feb 22, 2017 6:14 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 54
Views: 7424

Re: anguard opens special offices for $1 million clients

Livesoft, You misunderstood me. The linked article says that vanguard will have three offices where flagshipers can meet face to face with their reps. However, those three locations a are too far from the vast majority of their FS customers. I heard from a FS rep in Scottsdale that the vast vast maj...
by HueyLD
Wed Feb 22, 2017 5:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 54
Views: 7424

Re: anguard opens special offices for $1 million clients

I don't understand the point of having offices in just three locations to meet certain clients. Malverm, Scottsdale and Charlotte are very far away from the vast majority of Vanguard's customers.
by HueyLD
Wed Feb 22, 2017 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Loss on Foreign Currency CD
Replies: 11
Views: 550

Re: Loss on Foreign Currency CD

Everbank is a U.S. bank, not a foreign bank and the functional currency of Everbank is USD, not any of the foreign currencies. Your account with Everbank is an investment, not a business transaction(e.g. multinational corporations) or a personal transaction (e.g. you exchanges USD $100 for Euro on a...
by HueyLD
Tue Feb 21, 2017 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Loss on Foreign Currency CD
Replies: 11
Views: 550

Re: Loss on Foreign Currency CD

For an investment, report the loss as a capital loss on Schedule D.
by HueyLD
Tue Feb 21, 2017 1:29 pm
Forum: Personal Consumer Issues
Topic: Help on I-10 west from FL to NM
Replies: 13
Views: 775

Re: Help on I-10 west from FL to NM

Are you going to travel in the winter or outside of the winter?

The northern route (most I-40) is better suited for the non winter seasons. And this route is a lot easier to drive.
by HueyLD
Tue Feb 21, 2017 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Transfer more than 10k from chase to ally
Replies: 3
Views: 373

Re: Transfer more than 10k from chase to ally

The OP's account at Chase is a savings account - no checks.
by HueyLD
Tue Feb 21, 2017 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Transfer more than 10k from chase to ally
Replies: 3
Views: 373

Re: Transfer more than 10k from chase to ally

Yes, set up the bank at Ally and initiate the transfers (both push and pull) from Ally.
by HueyLD
Mon Feb 20, 2017 2:12 pm
Forum: Personal Consumer Issues
Topic: Amazon free shipment down to $35
Replies: 14
Views: 2024

Re: Amazon free shipment down to $35

Yes, competition is indeed good. My purchases at Amazon decreased after they raised their minimum purchase amount for shipping charge waiver. And I did purchase a bit more on WMT partly due to their lower minimum purchase requirement. In addition, WMT has an added advantage of no shipping charge for...
by HueyLD
Mon Feb 20, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Rental property sale (conversion) - loss question
Replies: 8
Views: 415

Re: Rental property sale (conversion) - loss question

When I asked about depreciation recapture tax, my CPA told me it doesn't apply because I had a loss. He said depreciation recapture tax would only apply for a gain. Is that incorrect? Your CPA is correct. You should learn to trust your paid professional as (s)he has done everything correctly as you...
by HueyLD
Sun Feb 19, 2017 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block...1099-B...Ordinary?
Replies: 3
Views: 364

Re: H&R Block...1099-B...Ordinary?

Here is a link to the actual form 1099-B from the IRS: https://www.irs.gov/pub/irs-pdf/f1099b.pdf You didn't see a box 2 on Vanguard's form because you didn't have any gain that is subject to special ordinary income rule. The IRS' 1099-B instructions provide some explanation to this ordinary income ...
by HueyLD
Sun Feb 19, 2017 11:27 am
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 10TH BIRTHDAY BOGLEHEADS FORUM
Replies: 62
Views: 2595

Re: HAPPY 10TH BIRTHDAY BOGLEHEADS FORUM

Congrats on Jack's 21st birthday. Best wishes for another 21 years.

Thank you so much for your contribution to the investment community and to humanity.
by HueyLD
Sun Feb 19, 2017 12:16 am
Forum: Personal Finance (Not Investing)
Topic: 1095-C from ex employer; don't think we are covered?
Replies: 3
Views: 374

Re: 1095-C from ex employer; don't think we are covered?

As long as she was enrolled in a qualified insurance in 2016 (thru megacorp 2), you can ignore that info from megacorp 1.
by HueyLD
Sat Feb 18, 2017 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: How to Split $10K Fed Tax Bill Between Husband and Wife
Replies: 38
Views: 2009

Re: How to Split $10K Fed Tax Bill Between Husband and Wife

If you live in a community property state, it may not matter.
by HueyLD
Sat Feb 18, 2017 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Advantage Check Fraud
Replies: 4
Views: 858

Re: Vanguard Advantage Check Fraud

Read pages 35 - 57 of the Advantage Account Agreement. https://personal.vanguard.com/pdf/s335.pdf?2210092750

Basically, it is not a bank account, you must notify them in a timely manner and they may or may not reimburse you depending on how good the forgery is.
by HueyLD
Sat Feb 18, 2017 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax only reading 1st page of 1099-INT
Replies: 14
Views: 1103

Re: Turbo Tax only reading 1st page of 1099-INT

Read what I wrote again. I said: "I think the problem is Ally's and the OP should report the import problem to Ally."
by HueyLD
Sat Feb 18, 2017 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax only reading 1st page of 1099-INT
Replies: 14
Views: 1103

Re: Turbo Tax only reading 1st page of 1099-INT

I think the problem is Ally's and the OP should report the import problem to Ally. Ally's 1099-INT shows interest by account and each account has its own 1099-INT and the layout only allows two 1099-INT's per page. As a result, the third account's 1099-INT is pushed to the next page. However, instea...
by HueyLD
Fri Feb 17, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Non IRA CD per stirpes???
Replies: 4
Views: 421

Re: Non IRA CD per stirpes???

This may be bank specific. Ask the bank you plan to open such accounts.
by HueyLD
Fri Feb 17, 2017 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Service problems in the news
Replies: 24
Views: 3103

Re: Vanguard Service problems in the news

I don't expect great service from a very low cost provider, but I demand adequate service. Routine changes should not take months and that should be a minimum standard. For example, your mother recently passed away and you want to change the account ownership to yourself, the designated beneficiary....
by HueyLD
Fri Feb 17, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax only reading 1st page of 1099-INT
Replies: 14
Views: 1103

Re: Turbo Tax only reading 1st page of 1099-INT

tfb - True that is just as easy to simply enter the data from the 1099-INT. I was basically testing the import feature since it was the first time I have actually used TurboTax. I tried the product one year and gave up on it but I thought I'd try it again. MisterBill - I have a savings account and ...
by HueyLD
Fri Feb 17, 2017 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Web Site Down?
Replies: 98
Views: 3592

Re: Vanguard seems to have gone off the grid

That's why it is a good idea to not put all your eggs in one basket.
by HueyLD
Thu Feb 16, 2017 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Filing Childs Form 8615 W Parents Income Estimated
Replies: 4
Views: 179

Re: Filing Childs Form 8615 W Parents Income Estimated

1. Is there a consequence of checking "Estimated" for parental income? Might this cause "nastygrams" from the IRS or worse? Per instructions for Form 8615. No. The IRS specifically allows it. "If the parent's taxable income, filing status, or the net unearned income of the ...
by HueyLD
Wed Feb 15, 2017 11:25 am
Forum: Investing - Help with Personal Investments
Topic: Never-Ending Foreign Tax Credit Problem
Replies: 33
Views: 2389

Re: Never-Ending Foreign Tax Credit Problem

Which Vanguard foreign funds do you own?

Do you own country specific foreign funds or ETFs in high tax countries?
by HueyLD
Mon Feb 13, 2017 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Reporting "Attendance Grant" on taxes
Replies: 18
Views: 1049

Re: Reporting "Attendance Grant" on taxes

Ask the organization to send you a 1099-MISC so that you can fill out a Schedule C.
by HueyLD
Mon Feb 13, 2017 9:08 am
Forum: Personal Finance (Not Investing)
Topic: American in Japan: Roth IRA Not Worth It Unless Retiring in America?
Replies: 13
Views: 1399

Re: American in Japan: Roth IRA Not Worth It Unless Retiring in America?

You can revoke your choice to take FEIE, but to get back to FEIE within five years you will need the IRS consent. Revocation of the Foreign Earned Income Exclusion You can revoke your choice for any tax year. You do this by attaching a statement that you are revoking one or more previously made choi...
by HueyLD
Mon Feb 13, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: What triggers a wave of credit offers?
Replies: 8
Views: 991

Re: What triggers a wave of credit offers?

How to stop them (at least reduce them): If you decide that you don't want to receive prescreened offers of credit and insurance, you have two choices: You can opt out of receiving them for five years or opt out of receiving them permanently. To opt out for five years: Call toll-free 1-888-5-OPT-OUT...
by HueyLD
Mon Feb 13, 2017 8:09 am
Forum: Investing - Help with Personal Investments
Topic: UTMA Questions (TLH/ Kiddie Tax)
Replies: 3
Views: 267

Re: UTMA Questions (TLH/ Kiddie Tax)

1. If I TLH by selling VSMAX in my taxable account, and my son's UTMA has a purchase of VSMAX (from reinvestment or a new purchase), is that considered a wash sale? (I know if it were a spousal account it would be, but I can't find anything regarding UTMA). If so, it may be better to then have his ...
by HueyLD
Mon Feb 13, 2017 7:48 am
Forum: Personal Finance (Not Investing)
Topic: paying points for refinancing a mortgage and tax implications
Replies: 5
Views: 424

Re: paying points for refinancing a mortgage and tax implications

I received the tax statement from my bank regarding the mortgage on my house for 2016. I refinanced my existing mortgage in 2016 to lock in a lower rate. I paid points to get the lowest rate possible. I was surprised to see that in the tax statement the entry for points was 0. I asked the bank and ...
by HueyLD
Sun Feb 12, 2017 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: transfer from vanguard
Replies: 8
Views: 665

Re: transfer from vanguard

I need to transfer a large sum of money (approx 250k) from my vanguard taxable account to my checking account for my house downpayment and escrow. I need these funds to be available within 10 days. It sound like if i do an ACH transfer I should expect a week or so for the funds to be available but ...
by HueyLD
Sun Feb 12, 2017 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Legal Expenses Taken Against Settlement
Replies: 8
Views: 994

Re: Legal Expenses Taken Against Settlement

I think MarkNYC asked a timing question: "anyone knows of a provision in the law that would allow legal fees to be deducted in full in the year of the lawsuit settlement even though some of the fees were paid in earlier years, please provide a reference."

That is the main question here.
by HueyLD
Sun Feb 12, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Legal Expenses Taken Against Settlement
Replies: 8
Views: 994

Re: Legal Expenses Taken Against Settlement

MarkNYC's point on cash basis is a good one.

Question to the OP - Did you pay all accrued legal expenses in 2016, or did you pay the ongoing bills every year?
by HueyLD
Sun Feb 12, 2017 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Legal Expenses Taken Against Settlement
Replies: 8
Views: 994

Re: Legal Expenses Taken Against Settlement

The Jobs Creation Act of 2004 added IRC section 62(a)(19)(20), which allows taxpayers to deduct from adjusted gross income attorney’s fees and costs associated with cases involving unlawful discrimination - See more at: http://www.journalofaccountancy.com/issues/2005/may/contingentattorneyfees.html#...
by HueyLD
Sun Feb 12, 2017 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Adult Child 18 + SSI + 529
Replies: 32
Views: 1615

Re: Adult Child 18 + SSI + 529

SSDI is a form of social security benefits and a form 1099-SSB will be generated.

SSI is a welfare benefit and you will not see any 1099 generated.

When in doubt, ask the client because they almost always know more about benefits than the volunteers do.
by HueyLD
Sun Feb 12, 2017 10:09 am
Forum: Forum Issues and Administration
Topic: [Bogleheads Sites Are Ad-Free]
Replies: 45
Views: 2821

Re: [Bogleheads Sites Are Ad-Free]

Mel (and Alex and Larry),

How about a wikipedia style of fundraising?
by HueyLD
Sun Feb 12, 2017 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Adult Child 18 + SSI + 529
Replies: 32
Views: 1615

Re: Adult Child 18 + SSI + 529

According to the IRS Pub 4012 page C-3 (in the footnote section), benefits provided by the state to a needy person are generally considered support provided by the state. IOW, such benefits are not considered support provided by the person one tries to claim as a qualifying child/relative. State pro...
by HueyLD
Sun Feb 12, 2017 8:45 am
Forum: Forum Issues and Administration
Topic: [Bogleheads Sites Are Ad-Free]
Replies: 45
Views: 2821

Re: [Bogleheads Sites Are Ad-Free]

I vote for the site to be ad free. For example, a well intended website full of insurance company and money management ads taking up half of the screen makes me unsure about the value of its blogs related to insurance or money management. I also think that Wikipedia's fund raising model should be at...
by HueyLD
Sat Feb 11, 2017 10:40 am
Forum: Personal Consumer Issues
Topic: Honest Discrete Computer Assistance for Widow
Replies: 5
Views: 708

Re: Honest Discrete Computer Assistance for Widow

Do you have children, nephews, nieces, trusted neighbors, etc.? If not, you may want to gradually get out of "online" only companies and make sure she knows the phone numbers and street addresses of the businesses she needs to visit/call. At her age, she is not going to become computer lit...
by HueyLD
Sat Feb 11, 2017 8:08 am
Forum: Investing - Help with Personal Investments
Topic: ACH problem with Vanguard
Replies: 15
Views: 1945

Re: ACH problem with Vanguard

A while ago I had kind of similar issue: for the first time I wired $10,000.00 to Vanguard, but the account was credited with $50.00 less (forgot the exact amount).. Vanguard clearly states they don't charge fees for incoming wire, and my bank doesn't charge fees for outgoing wire. So I was puzzled...

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