Search found 34 matches

by vexed
Wed Jan 27, 2016 11:03 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax Premier (for tax year 2015): Will it run on XP?
Replies: 14
Views: 745

Re: TurboTax Premier (for tax year 2015): Will it run on XP?

ENOUGH! about the perils of XP, cyber crime, Russian teenagers, etc, etc, etc... As I indicated in my original post... I am only looking for owners of TT Premier to relay their experience in loading/using TT Premier on XP machine, period.
by vexed
Tue Jan 26, 2016 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Premier (for tax year 2015): Will it run on XP?
Replies: 14
Views: 745

Re: TurboTax Premier (for tax year 2015): Will it run on XP?

Thanks... That's encouraging. It sounds like TurboTax is being run by the Microsoft Software Sales Office. There are still millions of XP users out here, many of us who have used TT for years. If TT wants to echo the well publicized risks of XP that's fine but if they are expecting me to contiune to...
by vexed
Tue Jan 26, 2016 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Premier (for tax year 2015): Will it run on XP?
Replies: 14
Views: 745

Re: TurboTax Premier (for tax year 2015): Will it run on XP?

I need the Premier version. That's why I am hoping to find someone who has actually loaded it (or tried unsuccessfully) so I know whether to fork out the ~$55.
by vexed
Tue Jan 26, 2016 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Premier (for tax year 2015): Will it run on XP?
Replies: 14
Views: 745

TurboTax Premier (for tax year 2015): Will it run on XP?

I've been using TT for years so all my records are in the previous editions and accessible when I load the next year's version. I was getting ready to make my annual purchase when I noticed that the box specifically excludes XP support. I've done some websurfing to investigate this troubling develop...
by vexed
Sat Jan 02, 2016 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Maximizing the tax advantage of Qualified Dividends
Replies: 6
Views: 668

Maximizing the tax advantage of Qualified Dividends

I am confused about the tax advantages of Qualified Dividends (QD) when QD income is included in the marginal tax rate structure. Let’s suppose my taxable income in 2016 is $50k. Of that total $5k is QDs. As I understand the marginal tax rate structure my first $9275 is untaxed; the next $28,375 ($9...
by vexed
Sun Sep 06, 2015 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Fed Retiree with FEHB-SAMBA and Medicare B
Replies: 33
Views: 3110

Re: Fed Retiree with FEHB-Enroll in Medicare Plan B or Not?

It appears to offer reasonable coverage and... and this is the big deal for me... They waive copays and deductibles when Medicare is your primary. As I understand it that would mean that I would essentially have zero out-of-pocket costs even in the event of a calamity. My understanding is that GEHA...
by vexed
Sat Sep 05, 2015 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Fed Retiree with FEHB-SAMBA and Medicare B
Replies: 33
Views: 3110

Re: Fed Retiree with FEHB-Enroll in Medicare Plan B or Not?

It seems like my original concern regarding Drs refusing to take on new Medicare patients may not be as significant as I initially believed. After reading comments here and elsewhere I thought I had found a good plan in GEHA. Fortunately, I stumbled upon a posting that indicated that GEHA had refuse...
by vexed
Mon Aug 31, 2015 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Fed Retiree with FEHB-SAMBA and Medicare B
Replies: 33
Views: 3110

Re: Fed Retiree with FEHB-Enroll in Medicare Plan B or Not?

I am doing my do-diligence in trying to avoid those 'surprises' after I have signed on the bottom line and enrolled in a new plan. I hope others provide us with the benefit of their individual investigations and experiences into FEHB health plan options for those Medicare eligible. Regarding your c...
by vexed
Mon Aug 31, 2015 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Fed Retiree with FEHB-SAMBA and Medicare B
Replies: 33
Views: 3110

Re: Fed Retiree with FEHB-Enroll in Medicare Plan B or Not?

I am doing my do-diligence in trying to avoid those 'surprises' after I have signed on the bottom line and enrolled in a new plan. I hope others provide us with the benefit of their individual investigations and experiences into FEHB health plan options for those Medicare eligible. Regarding your co...
by vexed
Mon Aug 31, 2015 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Fed Retiree with FEHB-SAMBA and Medicare B
Replies: 33
Views: 3110

Re: Fed Retiree with FEHB-Enroll in Medicare Plan B or Not?

Last year, Aetna introduced a plan for annuitants that is specifically designed to play nice with Medicare. Recommend you check it out during open season. Full disclosure: I am not yet 65; DW is not close to 65. We have BCBS. I was introduced to the new Aetna plan at a NARFE meeting last fall, and ...
by vexed
Fri Aug 28, 2015 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Fed Retiree with FEHB-SAMBA and Medicare B
Replies: 33
Views: 3110

Re: Fed Retiree with FEHB-Enroll in Medicare Plan B or Not?

Last year, Aetna introduced a plan for annuitants that is specifically designed to play nice with Medicare. Recommend you check it out during open season. Full disclosure: I am not yet 65; DW is not close to 65. We have BCBS. I was introduced to the new Aetna plan at a NARFE meeting last fall, and ...
by vexed
Thu Aug 27, 2015 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Fed Retiree with FEHB-SAMBA and Medicare B
Replies: 33
Views: 3110

Fed Retiree with FEHB-SAMBA and Medicare B

I am starting a new thread to an old discussion because some of the previous posts may contain outdated information. I am a federal annuitant with a health plan provided by FEHB. I am fast approaching 65 so I need to make some decisions regarding Medicare coverage, soon. Plan A appears to be a no-br...
by vexed
Thu Feb 20, 2014 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: MLP UBTI - Same Units but different UBTI in IRA/Broker Accts
Replies: 10
Views: 756

Re: MLP UBTI - Same Units but different UBTI in IRA/Broker A

I am sorry I didn't make it clear but the units in the brokerage account and the units in the IRA account were purchased in different months in 2009. Then they will be different. I don't own individual MLPs, but I did look into this and what you're describing is par for the course. I'm sticking to ...
by vexed
Thu Feb 20, 2014 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: MLP UBTI - Same Units but different UBTI in IRA/Broker Accts
Replies: 10
Views: 756

Re: MLP UBTI - Same Units but different UBTI in IRA/Broker A

I just reviewed Line 20V on two K-1's issued by the same partnership but held in different accounts. The first K-1 is for 300 units and is held in a brokerage account. The other is for 600 units and is held in a traditional IRA. Line 20V for the units held in the brokerage account lists a UBTI of $...
by vexed
Wed Feb 19, 2014 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: MLP UBTI - Same Units but different UBTI in IRA/Broker Accts
Replies: 10
Views: 756

MLP UBTI - Same Units but different UBTI in IRA/Broker Accts

I just reviewed Line 20V on two K-1's issued by the same partnership but held in different accounts. The first K-1 is for 300 units and is held in a brokerage account. The other is for 600 units and is held in a traditional IRA. Line 20V for the units held in the brokerage account lists a UBTI of $-...
by vexed
Sun Feb 02, 2014 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: MLP Cost Basis Calculations
Replies: 1
Views: 933

MLP Cost Basis Calculations

I started a topic yesterday but it really went in a direction that was not particularly responsive to the assistance I was seeking. So, I am making another attempt here... First, I am not looking to sell my MLPs. I want to learn how to calculate when all of my cost basis has been returned to me and ...
by vexed
Fri Jan 31, 2014 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: MLP-Which K-1 Boxes are used to adjust the cost basis?
Replies: 14
Views: 1858

Re: MLP-Which K-1 Boxes are used to adjust the cost basis?

The K1 will show your adjusted cost basis in the box labeled "Partners Capital Account" each year. The only kicker is the amount of ordinary income that you report on a sale. There's no easy way to determine that ahead of time. Am I correct that when the Partners Capital Account reaches z...
by vexed
Fri Jan 31, 2014 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: MLP-Which K-1 Boxes are used to adjust the cost basis?
Replies: 14
Views: 1858

MLP-Which K-1 Boxes are used to adjust the cost basis?

I have resurrected this post from the past (sorry, I don't know how to properly "quote" it) because I need clarification on the K-1 numbers used to adjust the cost basis of my MLPs. The below post references lots of K-1 line items and it's unclear to me whether they all serve to reduce the...
by vexed
Mon Jan 27, 2014 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Tax liability when I sell an MLP at a loss from an IRA
Replies: 2
Views: 300

Tax liability when I sell an MLP at a loss from an IRA

I want to sell an MLP currently in my IRA. If I were to sell these from my brokerage account I believe I could work thru the cost basis calculation without too much hair pulling and arrive at an adjusted cost basis and then my corresponding tax liability. Given the tax deferred nature of the IRA ear...
by vexed
Sun Feb 10, 2013 10:13 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable income, Capital Gains and Qualified Dividends
Replies: 18
Views: 3754

Re: Taxable income, Capital Gains and Qualified Dividends

Take your taxable ordinary income, and pay tax on that amount at the appropriate rate. If you have not used up the 15% bracket, any LT gains and QDI which would take your taxable income to the top of that bracket are taxed at 0%. If you have not used up the 25%, 28%, and 33%, and 35% brackets, any ...
by vexed
Sat Feb 09, 2013 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable income, Capital Gains and Qualified Dividends
Replies: 18
Views: 3754

Re: Taxable income, Capital Gains and Qualified Dividends

livesoft wrote:Have you tried to plug some scenarios into tax software? Taxcaster is an excellent "What if?" tool. Find it online.


Thanks for this suggestion. I just pulled it up and I will do some forecasting when I pull all my numbers together.
by vexed
Sat Feb 09, 2013 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable income, Capital Gains and Qualified Dividends
Replies: 18
Views: 3754

Re: Taxable income, Capital Gains and Qualified Dividends

Got it this time... hmmmmm, another misconception dispelled. Until I looked at those bar charts I was under the impression that once my taxable income exceeded the 15% tax bracket threshold ALL of my QDIVs and LTCGs were taxed at the 15% rate even that portion that were under the 25% tax bracket flo...
by vexed
Sat Feb 09, 2013 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable income, Capital Gains and Qualified Dividends
Replies: 18
Views: 3754

Re: Taxable income, Capital Gains and Qualified Dividends

see the stacked bar chart by tfb here for an intuitive way to understand/remember this concept: http://www.investopedia.com/articles/tax/08/file-seperately.asp#axzz2KDxRhnt8 [/quote] Thanks. I need to think about your response for awhile. I am still puzzled as to why Ord Dividends (Line 9a 1040) are...
by vexed
Sat Feb 09, 2013 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable income, Capital Gains and Qualified Dividends
Replies: 18
Views: 3754

Taxable income, Capital Gains and Qualified Dividends

I am confused regarding the calculation of taxable income and the impact the resulting tax bracket has on what I pay in federal income tax on my Qualified Dividends (QDs) and Long Term Capital Gains (LTCGs). In reviewing the IRS-1040 I note that QDs are placed in a column to the left of the column u...
by vexed
Tue May 19, 2009 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with my windfall?
Replies: 4
Views: 1105

What to do with my windfall?

I've been contacted by a barrister from Africa who is going to cut me in on a sweet deal that will net me over 1 million bucks... I can't say too much about it because the barrister has told me to keep the details of our transaction secret. Anyway, I'm wondering how I should invest this money. Any s...
by vexed
Fri May 01, 2009 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: MLP UBTIs inside an IRA are keeping me awake at night...
Replies: 2
Views: 2351

I think I'm getting sleepy... All of the MLPs I found attractive were pipelines, except one MLP which is coal... I'd definitely get a good nights sleep if one or two others shared similar experiences to yours relative to pipeline MLPs...

Thanks Al, you are a great source of info.
by vexed
Fri May 01, 2009 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: MLP UBTIs inside an IRA are keeping me awake at night...
Replies: 2
Views: 2351

MLP UBTIs inside an IRA are keeping me awake at night...

I’m not sleeping well because I bought MLPs in my IRA without realizing the implications of UBTI (and the possibility of my broker assessing me hefty charges to prepare the 990T). When I started buying MLP recently, the yields were all over 8% with some in the double digits. Within a month the value...
by vexed
Wed Apr 29, 2009 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Which edition of TurboTax is best at dealing with MLP K-1's
Replies: 3
Views: 2102

Which edition of TurboTax is best at dealing with MLP K-1's

I've been reading the TurboTax literature and can't decide which edition [Deluxe; Premier; Home & Business; Business] of Turbo Tax works best for my situation... I've invested in a number of MLP's this year in a taxable account... I'll have some income from the purchase/sale of stocks... I have ...
by vexed
Sat Apr 25, 2009 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: MLP Investing...
Replies: 15
Views: 3798

Al, one last thing...

What version of TurboTax will I need to purchase so my MLP data gets properly computed?

Thanks for all your help.
by vexed
Sat Apr 25, 2009 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: MLP Investing...
Replies: 15
Views: 3798

Thanks AL and all for the good info... If any of you have additional info or are aware of any additional tax forms that need to be filed by MLP owners please feel free to chime in... Looks like I'll be buying TurboTax next year and filing an extension request too! Ahhhhhh, the joys of trying to make...
by vexed
Sat Apr 25, 2009 11:28 am
Forum: Investing - Help with Personal Investments
Topic: MLP Investing...
Replies: 15
Views: 3798

I understand that I'll be receiving a K-1 and it will require me to transfer numbers from that form into my IRS forms... Everywhere I go to find out EXACTLY WHICH IRS FORMS need to be completed, I get vague, generic answers... If there is someone out there who has actually owned an MLP (pipeline), t...
by vexed
Sat Apr 25, 2009 9:11 am
Forum: Investing - Help with Personal Investments
Topic: MLP Investing...
Replies: 15
Views: 3798

Good info provided here guys, THANKS! I have a followup for you Al (that link to Invstr Village was great by the way) or anyone else who has first hand knowledge/experience... What tax forms and schedules will I need to file each year to capture all of the complexities of MLPs owned in a non-IRA bro...
by vexed
Fri Apr 24, 2009 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: MLP Investing...
Replies: 15
Views: 3798

It will take a very savvy investor to answer my questions...

and if they don't now that 'MLP" is Master Limited Partnership and "UBTI" is unrelated business taxable income I'm afraid I've wandered onto the wrong site in search of my answers... My questions are very technical because the tax code and attendant tax form requirements are complex. ...
by vexed
Fri Apr 24, 2009 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: MLP Investing...
Replies: 15
Views: 3798

MLP Investing...

I've been reading the pros, cons and cautions regarding MLP investments in IRAs but a couple of critical facts elude me: Most everyone characterizes the UBTI to be a negligible component of the quarterly partnership payout, yet I am unable to get a clear understand on exactly how insignificant this ...

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