Search found 4674 matches

by HueyLD
Sun Feb 19, 2017 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block...1099-B...Ordinary?
Replies: 3
Views: 312

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: 50
Views: 1756

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: 360

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: 1928

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: 3
Views: 607

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: 1078

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: 1078

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: 402

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: 22
Views: 2585

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: 1078

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: 3397

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: 178

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: 2367

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: 1045

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: 1380

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: 982

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: 264

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: 420

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: 659

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: 988

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: 988

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: 988

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: 1601

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: 2770

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: 1601

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: 2770

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: 699

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: 1938

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...
by HueyLD
Sat Feb 11, 2017 7:10 am
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 192
Views: 12267

Re: Why do you go to restaurants?

I go to restaurants to sample many dishes that I have no idea how to prepare myself. Skip the chain restaurants as most of them are mediocre at best. Try local restaurants that have been around for a while and have good reviews from various sources. However, if you are not adventurous and prefer onl...
by HueyLD
Fri Feb 10, 2017 1:39 pm
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 236
Views: 7738

Re: Your USER NAME...what does it mean?

VictoriaF wrote:My name is a secret.

Victoria

Is your real name Victor instead of Victoria?
by HueyLD
Fri Feb 10, 2017 11:47 am
Forum: Personal Consumer Issues
Topic: Terrible negotiator - need help with words to use [Buying a car]
Replies: 79
Views: 4815

Re: Terrible negotiation - need help with words to use [Buying a car]

Ask a family member or a friend to go with you.

It will work better if that person stands tall and has a loud mouth. Try it because it may work!
by HueyLD
Fri Feb 10, 2017 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Wow, Vanguard Flagship service is bad. Really bad.
Replies: 129
Views: 16560

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

Vanguard still offers very competitive and among the best products. However, its ability to service customers who have accounts directly with Vanguard is the problem. I never thought I needed to call Vanguard until the online system either could not handle the transaction I needed to conduct or dema...
by HueyLD
Fri Feb 10, 2017 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Wow, Vanguard Flagship service is bad. Really bad.
Replies: 129
Views: 16560

Re: New rep: personal bankruptcy an issue?

Well, as part of Vanguard moving me to Flagship Select, I was given a different representative. I checked out the person using the FINRA lookup link posted earlier in this thread and found the person was more junior and less experienced than my last rep, and had filed for personal bankruptcy just b...
by HueyLD
Fri Feb 10, 2017 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Yr. End Dividends, Foreign Tax, and 1099-DIV
Replies: 6
Views: 590

Re: Yr. End Dividends, Foreign Tax, and 1099-DIV

Their explanation makes sense to the extent that it can be comprehended. It appears that they added an additional $0.0007 to the gross dividends to account for the FTP payment made in 2016 for prior year(s). I suggest that you wait until they publish the final distribution and FTP amounts online. Fo...
by HueyLD
Fri Feb 10, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Payment Method for Private Used Car Sale
Replies: 43
Views: 2361

Re: Payment Method for Private Used Car Sale

+1 for Jack's recommendations.
by HueyLD
Fri Feb 10, 2017 8:13 am
Forum: Personal Consumer Issues
Topic: Cost of tax preparation
Replies: 31
Views: 2188

Re: Cost of tax preparation

For a few years I have used an accountant subsidized by my employer. Now there is no subsidy, and the accountant is quoting a cost in the range $2000-$2500, so I want to see how much others are paying for tax preparation. Our tax return is complicated because (1) My wife is a doctor who is self-emp...
by HueyLD
Fri Feb 10, 2017 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Tax deduction for a donated used car
Replies: 3
Views: 321

Re: Tax deduction for a donated used car

If you can document that your vehicle's FMV was at least $500 on the date of donation, you can use $500 as the deduction amount. Deduction $500 or less. If the qualified or­ganization sells the vehicle for $500 or less and exceptions 1 and 2 don't apply, you can deduct the smaller of: (1) $500, or (...
by HueyLD
Fri Feb 10, 2017 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Yr. End Dividends, Foreign Tax, and 1099-DIV
Replies: 6
Views: 590

Re: Yr. End Dividends, Foreign Tax, and 1099-DIV

Let's use the Class A as an example. In year 2015, the actual distribution was $0.0947. The gross dividend was $0.1132 including FTP of $0.0185. So, the numbers work out. The 2016 1099-DIV is not yet available online, but the actual distribution shows $0.1313 of income distribution and $0.1403 of to...
by HueyLD
Thu Feb 09, 2017 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Car for Business Travel
Replies: 15
Views: 759

Re: Personal Car for Business Travel

When I used my own car for business travel on a regular basis, I had to inform my insurance company. And I believe that my insurance rate went up as a result.
by HueyLD
Thu Feb 09, 2017 7:48 pm
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 236
Views: 7738

Re: Your USER NAME...what does it mean?

Take a look at my avatar. It is self explanatory. :D
by HueyLD
Thu Feb 09, 2017 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting "Attendance Grant" on taxes
Replies: 18
Views: 1045

Re: Reporting "Attendance Grant" on taxes

Box 7 of 1099-MISC is usually reserved for compensation for services provided by nonemployees. In your case, the payment was more like an award because no service was really required. I think you should just report it as Other Income on Line 21 of Form 1040. Too bad you cannot deduct education relat...
by HueyLD
Thu Feb 09, 2017 7:12 pm
Forum: Investing - Theory, News & General
Topic: Is Guam in Ohio? [Tax-exempt bond fund holding]
Replies: 37
Views: 2932

Re: Is Guam in Ohio?

AFAIK, interest from obligations issued by Guam, Puerto Rico and the U.S. Virgin Islands is tax-exempt in most states.
by HueyLD
Thu Feb 09, 2017 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Overpaid SS taxes
Replies: 12
Views: 851

Re: Overpaid SS taxes

Same EIN = same employer And if one employer overwithheld FICA, you need to ask the employer for correction. https://www.irs.gov/taxtopics/tc608.html "Employer's error - If any one employer withheld too much social security, Tier 1 RRTA tax, or Tier 2 RRTA tax, you can't claim the excess as a c...
by HueyLD
Thu Feb 09, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Electronic Ibonds, Registration
Replies: 4
Views: 295

Re: Electronic Ibonds, Registration

Thanks for the additional info.

Fortunately, it is very easy for anyone to open a new TD account.
by HueyLD
Thu Feb 09, 2017 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Electronic Ibonds, Registration
Replies: 4
Views: 295

Re: Electronic Ibonds, Registration

From the TD website: Electronic bonds – primary owner with secondary owner. Only the first named owner may make transactions (such as redeeming the bond). The first named owner may give the second owner the right to view a bond or rights to view and conduct transactions in a bond. The registration r...
by HueyLD
Wed Feb 08, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting "Attendance Grant" on taxes
Replies: 18
Views: 1045

Re: Reporting "Attendance Grant" on taxes

Which box is the $500 shown in form 1099-misc? Never mind, the $500 was paid by someone other than the employer. So, you may have income and the line to report depends on which box the $500 is shown. Your qualified education expenses are deductible to the extent that you itemize and that the total m...
by HueyLD
Wed Feb 08, 2017 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting "Attendance Grant" on taxes
Replies: 18
Views: 1045

Re: Reporting "Attendance Grant" on taxes

As a resident in a specific medical specialty, I attend a meeting of the specialty's society yearly. All residents who attend and send a W-9 ahead of time are given a $500 check at the meeting. They do NOT, in fact, send a 1099-Misc, but my understanding is that the $500 must be reported to the IRS...
by HueyLD
Wed Feb 08, 2017 10:55 am
Forum: Personal Finance (Not Investing)
Topic: UPDATED: Confirmed H&R Block chokes on Line 29
Replies: 20
Views: 2559

Re: H&R Block chokes on Line 29

Have you considered using the "simplified calculation method?" See IRS pub 974 for instructions.

I don't know how TT or TA handles line 29 for self employed health insurance premium with related PTC.

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