Bogleheads.org

stan1 wrote: ↑Sat Apr 01, 2023 6:10 pm For those who have bought online.

If the glasses need minor adjustments such as bending the frames around the ears do you do that yourself using a warm water bath?

Every pair of glasses I've bought in my entire life has needed adjustments before I left the optician with them.

Yes I learned to do it myself.

windaar wrote: ↑Fri Mar 31, 2023 7:02 pm I bought a pair from eyebuydirect.com. That promised returns with "no questions asked." I didn't like the pair they sent and returned. But then "no questions asked" was dissolved. They wanted to know this and this and wouldn't stop e-mailing me about why I had returned the glasses. I'd skip eyebuydirect.com.

This has not been my experience at all. I always just give them a reason tho, for QA purposes so that they know what the problem was. Never had any questioning of my reason. They always pay for shipping

I like EyeBuyDirect, because they have a one year warranty, and the prices are excellent.

placeholder wrote: ↑Thu Mar 30, 2023 7:28 pm

nalor511 wrote: ↑Thu Mar 30, 2023 7:12 pm

placeholder wrote: ↑Thu Mar 30, 2023 6:33 pm I moved a taxable account out of etrade recently so I don't know if they'd bonus me up for a roth transfer in.

I've been doing a new ET bonus as frequently as each 60 days

What I'm concerned about is having moved assets out within the past few months even though different account types.

Any look back is specified in terms. Ask your rep if you really are concerned. Typically 45-60 days in the account(s) registered for the promo, IIRC

placeholder wrote: ↑Thu Mar 30, 2023 6:33 pm I moved a taxable account out of etrade recently so I don't know if they'd bonus me up for a roth transfer in.

I've been doing a new ET bonus as frequently as each 60 days

I don't know of any software that will let you e-file after you override

leviathan wrote: ↑Thu Mar 30, 2023 9:26 am I participated in public.com promotion and received the cash bonus. I am wondering when I can pull out the assets without any penalty. After 6 months from the date of the asset transfer or the cash bonus payment. Any thoughts?

Read the terms.

Schwab pays my divs at least a day or two after Fidelity does. Today is the 4th business day after 3/23, so maybe I would wait 3 more days and then follow up more seriously. My very short experience with jpmc was that they were extremely disorganized.

You can often cash a rollover check via mobile app if you call ahead and make sure it gets coded properly

Stinky wrote: ↑Sun Mar 26, 2023 9:31 pm
Those who stayed within their guaranty fund limits will get all of their principal, and some interest, back. They will have limited access to their funds for a period of time, and may earn a low rate of interest for a while, but they’ll eventually get their money back in full.

Except in CA with their garbage 80% state guaranty, which guarantees a 20% haircut if your myga defaults

For California residents the best Fidelity MMF you can get for that amount is currently FDLXX; it's almost completely state tax exempt, and the tax-equivalent yield in CA is around 4.5%. You could also look at a CA muni-fund, but the yield is far more volatile. If you have access to Vanguard funds (e.g. at Vanguard, Ally Invest or E-Trade) take a look at VUSXX (TEY in CA currently around 5%). I understand that Fidelity can automatically liquidate FDLXX in a brokerage account but can they automatically sweep uninvested cash into FDLXX too? If so, do you just call them to set that up because FDLXX isn't listed as an available money market fund on https://www.fidelity.com/mutual-funds/fidelity-funds/money-market-funds-fcash ? No auto sweep. W...

LoveTheBogle wrote: ↑Tue Mar 28, 2023 4:38 pm Has anyone used their Fidelity brokerage (or CMA) for your federal or state income tax refund?

Do you just use the routing number ending in 5681 (UMB Bank) along with your 17 digit account number?

Yes. Worked great.

Amount times percentage.

And I guess the countless threads and reports of issues when moving between brokerages is all hearsay, good to know. I have not seen anything like countless threads and most that I have involved an error by the person doing the transfer so I challenge you to provide some evidence. But if you want to waste your time and effort chasing after a few dollars here and there, knock yourself out. But do not pretend that every transfer is 100% risk free and there is no margin of error. So far this year I have made $7800 in transfers although the good public.com one isn't available anymore but I will state that I have never had a problem over the past 15 years of doing this that did more than temporarily hang up the transfer and was subsequently res...

Just buy a MMF from the broker you're trading at...

spammagnet wrote: ↑Sun Mar 26, 2023 11:45 pm
Since health insurance premiums are tax-deductible, they may determine whether we itemize deductions or use the standard deduction. Since the ACA subsidy is a credit, does it reduce the ACA insurance premium I can claim? Or can I claim the entire premium, regardless of subsidy received?

It doesn't work like you think it does. Use the KFF calculator. The subsidy it gives you is the entire credit, regardless what premium you pay. If one of us dropped off ACA for Medicare, the other would no longer get any subsidy, because the joint income is still used.

https://www.kff.org/interactive/subsidy-calculator/

If you are married, and only one of you on ACA, the joint income is used which can result in a lower subsidy than you might expect

compddd wrote: ↑Sun Mar 26, 2023 7:55 pm Heads up I can finally see my revised 1099 in the Public app as of an hour ago.

No revised 1099div for me. Nothing in Apex either. Sigh.

I keep checking in with them about this. They tell me each week they hope to send it out soon, they hope to send it out soon. Blah blah blah. I have already input in TurboTax, the missing foreign tax credit to the best of my approximation, and the $2500 bonus. You think it’s safe to be able to estimate the missing foreign tax credit versus the bonus? The bonus is more concrete I would wait, personally Obviously one should report the bonus whether or not they send out a corrected 1099-misc. However, for those of us whose 1099-div seems correct, we’ve received no announcement that a corrected 1099 is coming. Are we sure they are going to reissue 1099’s for everyone? Had this been announced public ally anywhere? Id rather not have to amend my...

It's a part time job. But pays well. All that matters if your wife needs to step in is what you have currently and where it is. True. I’m continuously updating my personal financial inventory document 😁 I really really need to create a document where everything is kept and how to access it. Today I am in: 6 Brokerage accounts 2 banks 5 credit card companies These are the columns of my tracking Google sheet. Account Description Expected Payout Tax Year of Payout Taxable? Date Account Opened Date that Lockup Ends Date Closed Date Payout Expected Date Bonus Paid To do/notes I have something similar. What I was talking about is some form of spreadsheet that shows all my accounts in case I die or become incapacitated. You could fairly easily ju...

bbrock wrote: ↑Sat Mar 25, 2023 6:04 pm I keep checking in with them about this. They tell me each week they hope to send it out soon, they hope to send it out soon. Blah blah blah. I have already input in TurboTax, the missing foreign tax credit to the best of my approximation, and the $2500 bonus. You think it’s safe to be able to estimate the missing foreign tax credit versus the bonus? The bonus is more concrete

I would wait, personally

whodidntante wrote: ↑Sat Mar 25, 2023 2:15 am I wonder if securities lending revenue explains the 1099 div issues. It should still be corrected.

I have lending opted out. They claim I have a short position, which I never have had, to explain their mistake. Utter nonsense

Hybrids (particularly Prius) are a big target for catalytic converter theft

compddd wrote: ↑Sat Mar 25, 2023 12:32 am

whodidntante wrote: ↑Fri Mar 24, 2023 9:58 pm No 1099 here. Maybe Apex quiet quit.

Apex is a bad joke. This is ridiculous.

I filed an SEC and FINRA complaint after they declined to fix my 1099

All you have to do is once tell Fido to put you on the do not call list.

catnamedspot wrote: ↑Wed Mar 22, 2023 1:03 pm I know the the Total Money market is a wider assortment of companies - but can there a case be made for the SP having more stable, reliable companies? What things do you consider when evaluating both these indexes?

Total market adds diversification, SP concentrates into mega cap

Schwab. My main gripe is no fractional ETF shares

sergeant wrote: ↑Fri Mar 17, 2023 9:21 pm The 80% protection is an interesting moral hazard situation. I'm in California and bought some MYGA's. Due to the state not covering the full 100%, I was forced to truly consider the strength of the issuing insurance company. I went with top rated companies that offered slightly lower rates. Had I been 100% covered I would have just gone with the highest rate.

I wonder if these companies ever strategically default and hose CA holders. 20% uncovered is significant

Do not rejigger. Include with your income tax return a Form 8995 with the Section 199A dividends (if you meet the conditions to use form, some will need to use Form 8995-A). Copy the amount from the last line of Form 8995 to line 13 of Form 1040, and continue with Form 1040 from there. Ahaa! This is what I was needing I think. I will check out this form and read up what needs to be done. Maybe I need to amend last year's taxes as well... though I doubt if it is worth it (I don't think the number was over like $20 or something!) Use tax software. It is much more accurate than asking random strangers on the internet. I respectfully disagree. I would rather understand/learn what I am doing rather than feed stuff as asked by a software. Now th...

Pay attention to your due date on your 7 year CD's. I received an email that they will renew for another 7 year term. Well, the current interest rate on 7 year CD's in .3%. Everything else is 4 - 4.4%. I am already in the process of moving it to Vanguard and buying a brokered CD's. I just finding it a bit questionable having all the rates semi competitive, except all those 7 years taking out 7 years ago. I’m not sure I would ever want to bank with an organization doing something like that. Every bank and credit union does this. Anyone who uses CDs is aware of this. You can never let a CD autorenew and expect to maximize rate. This is no surprise. Fair enough. Anyone who uses CDs -- and is paying attention -- might be aware of this. To me, ...

30west wrote: ↑Thu Mar 16, 2023 8:02 pm Paving the shortcut is the answer. Everything else will likely fail.

Step stones also work, $1.68 ea for 1ft x 1ft at home Depot

inb4space wrote: ↑Thu Mar 16, 2023 3:10 pm

rossington wrote: ↑Thu Mar 16, 2023 1:55 pm How long after you bought VTSAX did you switch to specific ID? Were you using average cost before that?

I'm not sure to either question unfortunately. My best guess is that it was at least a few months after I acquired most of my VTSAX shares. However, note that the average acquisition cost reported in my cost basis (around $94 / share) is not close to the actual average acquisition cost (around $104 / share).

You should be calling vanguard about this account specific question. Any answer here is pure speculation.

aristotelian wrote: ↑Thu Mar 16, 2023 4:04 pm

nalor511 wrote: ↑Thu Mar 16, 2023 3:56 pm

aristotelian wrote: ↑Thu Mar 16, 2023 3:41 pm Apologies, yes it is $250. I believe they charge $75 for any ACATS transfer. If the market goes up I will probably cash in the shares and withdraw cash. I have some gains rolling over so it shouldn't cost me anything.

Is there a button to close your account online for Axos? Or live chat? I hate calling these places, and I'm not going to do a $75 acat-out for a $2k account. Thanks for any info

I don't think so. Like I said, my plan was to withdraw cash to zero and let them close the account. The charge is annoying but you're still coming out ahead $175 even with an ACAT.

Only $85 ahead after fed+state taxes here with ACAT fee, not much left

tj wrote: ↑Thu Mar 16, 2023 3:57 pm If Apex doesn't provide the corrected soon, I'll just file without the foreign tax credit. What a mess.

I certainly wouldn't give up my tax credit because my broker made a mistake. Even if I had to file a FINRA/SEC/IRS complaint.

So I did 3 transfers to Public for myself and family members, they were great about posting the (very generous) bonuses. However, a couple of months later, I set up accounts on Apex to view cost basis data - and it only transferred for some of the positions in one account; the other two accounts had no data transferred over - everything shows as 100% gains! I've messaged Public and am waiting to hear, but did others have experience with getting the information corrected? Will I need statements from the previous brokerage? Yes you likely need previous statements. I had luck getting my cost basis corrected, then it went bad, and they corrected it again. I have *not* had success getting my 1099 corrected (yet, and it's been about 3 weeks sinc...

aristotelian wrote: ↑Thu Mar 16, 2023 3:41 pm Apologies, yes it is $250. I believe they charge $75 for any ACATS transfer. If the market goes up I will probably cash in the shares and withdraw cash. I have some gains rolling over so it shouldn't cost me anything.

Is there a button to close your account online for Axos? Or live chat? I hate calling these places, and I'm not going to do a $75 acat-out for a $2k account. Thanks for any info

So I did 3 transfers to Public for myself and family members, they were great about posting the (very generous) bonuses. However, a couple of months later, I set up accounts on Apex to view cost basis data - and it only transferred for some of the positions in one account; the other two accounts had no data transferred over - everything shows as 100% gains! I've messaged Public and am waiting to hear, but did others have experience with getting the information corrected? Will I need statements from the previous brokerage? Yes you likely need previous statements. I had luck getting my cost basis corrected, then it went bad, and they corrected it again. I have *not* had success getting my 1099 corrected (yet, and it's been about 3 weeks sinc...

GreendaleCC wrote: ↑Thu Mar 16, 2023 11:21 am

Rob5TCP wrote: ↑Thu Mar 16, 2023 11:19 am Pay attention to your due date on your 7 year CD's. I received an email that they will renew for another 7 year term. Well, the current interest rate on 7 year CD's in .3%. Everything else is 4 - 4.4%. I am already in the process of moving it to Vanguard and buying a brokered CD's.
I just finding it a bit questionable having all the rates semi competitive, except all those 7 years taking out 7 years ago.

I’m not sure I would ever want to bank with an organization doing something like that.

Every bank and credit union does this. Anyone who uses CDs is aware of this. You can never let a CD autorenew and expect to maximize rate. This is no surprise.

I didn't know about schd B. Turbo Tax has a handy worksheet 'Foreign Tax Credit Carryovers' that I reference, and takes care of it for the next year. Why did you have only $313 of credit. Didn't you have any other significant income on 2020? Do you think you'll have enough allowed credit for 2021 (to cover the $3,287 )? I always assumed that you can choose where to apply where to apply the remaining credit. 1 year backwards and 10 years forward, but you can choose between those 11 years as you wish. e.g. I had some FTC left on 2020 but I didn't bother filing an amendment for 2019 to simplify my life. Is my assumption correct? No. You must carry back 1 year, then forward up to 10 years, that's the rule. Whether you follow the rules is alway...

I didn't know about schd B. Turbo Tax has a handy worksheet 'Foreign Tax Credit Carryovers' that I reference, and takes care of it for the next year. Why did you have only $313 of credit. Didn't you have any other significant income on 2020? Do you think you'll have enough allowed credit for 2021 (to cover the $3,287 )? I always assumed that you can choose where to apply where to apply the remaining credit. 1 year backwards and 10 years forward, but you can choose between those 11 years as you wish. e.g. I had some FTC left on 2020 but I didn't bother filing an amendment for 2019 to simplify my life. Is my assumption correct? No. You must carry back 1 year, then forward up to 10 years, that's the rule. Whether you follow the rules is alway...

To better understand 1116 you have to think in reverse of normal terms. The form is trying to make sure you don't get credited back more foreign tax than the US tax you paid on the same income. Did you mean "The form is trying to make sure you don't get credited back more foreign tax than the US tax you paid on the foreign income"? I am using HR block premium (online) and the tax software calculates a foreign tax credit of zero. I don't understand why my foreign tax credit is 0. For 2022 I held an international stock fund at Vanguard. The stocks in the international fund earned $5k in dividends, and foreign tax withheld was $400 of those dividends. My effective federal tax rate is 24% and my marginal federal tax rate is 35%. You ...

Anovice wrote: ↑Tue Mar 14, 2023 9:01 pm

nalor511 wrote: ↑Tue Mar 14, 2023 8:53 pm Carry back first is the rule. Rules are not optional. You can file 1116 even if it doesn't help you, so, yes I would file it (it has a carry line, which you need populated). It can't hurt you.

So, that means a 2019, 2020, and 2021 amended return?

If you want to (and can) carry back. If you had no foreign income, carry back won't work. Otherwise just 20/21

Carry back first is the rule. Rules are not optional. You can file 1116 even if it doesn't help you, so, yes I would file it (it has a carry line, which you need populated). It can't hurt you.

Form 1116 sch B tracks carryover, but was not created until 2021. So for 2020 you track the carryover yourself, and for 2021 you amend with a 1116 sch B Thank you for your post. From what I posted, does it appear that I have $3,287 foreign tax credit remaining? In other words, is $3,287 the amount to carryover? I have a friend preparing my taxes and at the moment, I do not know if he filed my 2022 taxes. If he has filed my 2022 taxes, does he amend my 2021 and 2022 tax returns with Schedule B (Form 1116)? If he has not filed my 2022 taxes, he amends my 2021 taxes and does he use Form 1116 for 2022? Lastly, we know that my 2021 taxes were filed and assuming that my 2022 taxes were also filed, is it acceptable not to amend my 2021 and 2022 t...

MrJedi wrote: ↑Mon Mar 13, 2023 6:50 am No. If you redeem on 1st of the month, you get interest from the last month. But if you hold until the 31st, it's not anymore interest. That's why it's advisable to redeem early in the month if you are planning a redemption, since holding longer through a partial month has no benefit to you.

The reverse logic applies for buying them. I.e. buy at the end of the month and you get a full month of interest when the next month rolls over.

Thank you for your answer. I just wanted to confirm the mechanics. So if you cash out jan1.2023, you get interest thru Dec, and a 1099 for the previous tax year (2022), nothing for 2023

The last 3mo interest penalty for early redemption is what I'm trying to factor

Form 1116 sch B tracks carryover, but was not created until 2021. So for 2020 you track the carryover yourself, and for 2021 you amend with a 1116 sch B Thank you for your post. From what I posted, does it appear that I have $3,287 foreign tax credit remaining? In other words, is $3,287 the amount to carryover? I have a friend preparing my taxes and at the moment, I do not know if he filed my 2022 taxes. If he has filed my 2022 taxes, does he amend my 2021 and 2022 tax returns with Schedule B (Form 1116)? If he has not filed my 2022 taxes, he amends my 2021 taxes and does he use Form 1116 for 2022? Lastly, we know that my 2021 taxes were filed and assuming that my 2022 taxes were also filed, is it acceptable not to amend my 2021 and 2022 t...

need403bhelp wrote: ↑Tue Mar 14, 2023 6:58 pm Somewhat tangential to this thread, but I’ve ended up with quite a lot of transactions in Coinbase last year from using the Coinbase debit card and selling XLM to USD. Does anyone have a website or program they recommend to convert the Coinbase transactions to a format that I can input into TurboTax download edition?

Also, I have about three non Coinbase crypto transactions (SoFi Crypto for a bonus and Paxful -> Kraken to cash out a gift card from a credit card rebate). Any good links to step by step instructions for entering them into TurboTax download?

Thanks again!

Cointracker has a free plan for coinbase customers, generates a csv that you can import into TT or HRB

Has anyone had the issue of needing a voided 1095-A because they already have employer coverage (1095-Bs and 1095-C's) showing coverage for the full year? I tried to e-file a couple weeks ago and TT rejected it for a lack of 1095-A/Form 8962 which is showing a grant for full premium tax credit (~$3600). I am trying to dispute it with the marketplace because I would never have been eligible for any of the credit based on my high income alone and I also had employer coverage throughout the year. I would otherwise be getting a much larger refund. Also I usually do my own taxes through TT but not sure if I should file an extension and try to get someone this year. Thanks in advance for any thoughts. It's not a grant. 1095a is reconciled in you...

Form 1116 sch B tracks carryover, but was not created until 2021. So for 2020 you track the carryover yourself, and for 2021 you amend with a 1116 sch B

yosemite_mountain wrote: ↑Tue Mar 14, 2023 2:19 pm

livesoft wrote: ↑Tue Mar 14, 2023 2:03 pm But in your OP you did not state what your tax bracket was. more likely that you didn't fill out your tax return correctly. Is that clear?

Here are my tax brackets:

Effective federal tax rate: 24%

Marginal federal tax rate: 35%

You need to post your tax line from 1040, and your whole 1116, or it's impossible for anytime to tell you where you're going wrong

If you don't have US tax, there's nothing to credit. If your 1116 ratios are off in the wrong direction, same effect.