Search found 540 matches

by sil2017
Mon Jan 04, 2021 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 INT and State tax withholding...
Replies: 3
Views: 241

Re: 1099 INT and State tax withholding...

I finally escaped from CA high tax state.....but can't seem to find any information on whether Chase bank will have CA state tax withholding on my 1099 INT since I have moved to Nevada now. This will appear on the 1099 INT form for tax year 2021. Two days before I left CA for Nevada, I applied by p...
by sil2017
Mon Jan 04, 2021 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: CA sent withholding to FTB already and I left CA. What should I do?
Replies: 19
Views: 999

Re: CA sent withholding to FTB already and I left CA. What should I do?

Thanks for your response Bogletaxpro....I have been so stressed with the move to Nevada...and losing my patience.. I sold my primary resident in CA in late December 2020 and moved to Nevada one week later on December 30, 2020. Just to confirm: One tax preparer said I would file a FULL year return f...
by sil2017
Mon Jan 04, 2021 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 INT and State tax withholding...
Replies: 3
Views: 241

1099 INT and State tax withholding...

I finally escaped from CA high tax state.....but can't seem to find any information on whether Chase bank will have CA state tax withholding on my 1099 INT since I have moved to Nevada now. This will appear on the 1099 INT form for tax year 2021. Two days before I left CA for Nevada, I applied by ph...
by sil2017
Mon Jan 04, 2021 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: CA sent withholding to FTB already and I left CA. What should I do?
Replies: 19
Views: 999

Re: CA sent withholding to FTB already and I left CA. What should I do?

This illustrates the potential problem with moving, or in some cases claiming to have moved, out of state on the last day of the year (or next to last day). If you file a full-year resident return for year one, then do not file a return for year two, the state will understandably assume the taxpaye...
by sil2017
Mon Jan 04, 2021 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: CA sent withholding to FTB already and I left CA. What should I do?
Replies: 19
Views: 999

Re: CA sent withholding to FTB already and I left CA. What should I do?

Pasadena----must be all the horror stories I have read about CA FTB...

I guess I am just fed up with CA shut down.....in Nevada for several days and really enjoying my time dining in restaurants and able to go to stores
by sil2017
Mon Jan 04, 2021 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: CA sent withholding to FTB already and I left CA. What should I do?
Replies: 19
Views: 999

Re: CA sent withholding to FTB already and I left CA. What should I do?

Thanks for your response Bogletaxpro....I have been so stressed with the move to Nevada...and losing my patience.. I sold my primary resident in CA in late December 2020 and moved to Nevada one week later on December 30, 2020. Just to confirm: One tax preparer said I would file a FULL year return f...
by sil2017
Mon Jan 04, 2021 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: CA sent withholding to FTB already and I left CA. What should I do?
Replies: 19
Views: 999

Re: CA sent withholding to FTB already and I left CA. What should I do?

Personally, I'd do the Part Year resident form (as a signal to FTB that you've moved out) for 2020, but it won't much matter since 99.9% of your income will be taxable to CA anyway. And yes, if you want your $215 back, you'l need to file a CA NR form for 2021. The lack of a NV tax form is not relev...
by sil2017
Mon Jan 04, 2021 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: CA sent withholding to FTB already and I left CA. What should I do?
Replies: 19
Views: 999

Re: CA sent withholding to FTB already and I left CA. What should I do?

Big dog-

Would it be best to just forget about the $215 refund from CA for tax year 2021?

Would CA FTB question why I didn't file a CA non resident for 2021 as it will show that $215 has been withheld for 2021 tax year?
by sil2017
Mon Jan 04, 2021 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: CA sent withholding to FTB already and I left CA. What should I do?
Replies: 19
Views: 999

Re: CA sent withholding to FTB already and I left CA. What should I do?

Thanks for your response Bogletaxpro....I have been so stressed with the move to Nevada...and losing my patience.. I sold my primary resident in CA in late December 2020 and moved to Nevada one week later on December 30, 2020. Just to confirm: One tax preparer said I would file a FULL year return fo...
by sil2017
Mon Jan 04, 2021 11:37 am
Forum: Personal Finance (Not Investing)
Topic: CA sent withholding to FTB already and I left CA. What should I do?
Replies: 19
Views: 999

CA sent withholding to FTB already and I left CA. What should I do?

I permanently moved from CA on December 30, 2020 to Nevada. I changed my retirement account to not have CA tax withheld anymore but was told I was too late. Now for 2021 tax year, there will be $215 CA tax withheld and already sent to FTB. No way to revert the change. So for 2021 tax year, CA will s...
by sil2017
Fri Dec 11, 2020 12:30 pm
Forum: Personal Consumer Issues
Topic: will breaking rental lease as in agreement equal negative impact on credit report
Replies: 8
Views: 773

will breaking rental lease as in agreement equal negative impact on credit report

I have not rented a house since college so I don't even recall signing a lease. I am relocating to Henderson and there is a beautiful house in Green Valley Ranch I want to rent. However, it must be a 2 year lease. The lease does spell out that you can break the lease with 60 days notice, paying 2 mo...
by sil2017
Wed Dec 02, 2020 7:15 am
Forum: Personal Consumer Issues
Topic: Please confirm part time and non resident for CA
Replies: 4
Views: 325

Please confirm part time and non resident for CA

There has been a hiccup for my house sale so I am thinking about closing escrow the first week of 2021 instead of December 2020. I have read the criteria for Part time and non resident filing for CA for many hours......but just want to make sure I have it correct so hopefully I will have confirmatio...
by sil2017
Sat Nov 21, 2020 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: FDIC/SPIC insurance for brokerage account
Replies: 11
Views: 639

Re: FDIC/SPIC insurance for brokerage account

Thanks . Will have it in Fidelity cash for now.
by sil2017
Sat Nov 21, 2020 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: FDIC/SPIC insurance for brokerage account
Replies: 11
Views: 639

Re: FDIC/SPIC insurance for brokerage account

here is some info i hope you will find useful re: how Fidelity handles this. looks like there are ways to work with the fdic coverage. and they have apparently bought additional insurance to supplement spic limits. https://www.fidelity.com/why-fidelity/safeguarding-your-accounts Thanks...sounds lik...
by sil2017
Sat Nov 21, 2020 10:40 am
Forum: Personal Finance (Not Investing)
Topic: FDIC/SPIC insurance for brokerage account
Replies: 11
Views: 639

Re: FDIC/SPIC insurance for brokerage account

Those would be my four recommendations. Actually, I do have a fifth one and please don't take this the wrong way but perhaps you can reduce your cash holdings? Why exactly do you need $1.2 million in cash or cash equivalents? 1.2 Million will be cash proceeds from my house sale. I have about 750k i...
by sil2017
Sat Nov 21, 2020 10:38 am
Forum: Personal Finance (Not Investing)
Topic: FDIC/SPIC insurance for brokerage account
Replies: 11
Views: 639

Re: FDIC/SPIC insurance for brokerage account

TD Ameritrade is virtually risk-free, for they're being acquired by Charles Schwab. Even in a remote possibility of TD Ameritrade running into financial trouble (no sign of that), Charles Schwab doing nothing and letting them fail is unthinkable. Oh...didn't realize that Charles Schwab is aquiline ...
by sil2017
Sat Nov 21, 2020 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Over-Improving Your Personal Residence?
Replies: 106
Views: 9148

Re: Over-Improving Your Personal Residence?

I heard through my Arlo that the prospective buyer does not like it and plan to remove it. I also painted 2 bedrooms and bathrooms and also overheard that the buyer wants a different color of paint for their young daughter. Good thing I didn't remodel the 2 bathrooms which I thought about before se...
by sil2017
Sat Nov 21, 2020 9:10 am
Forum: Forum Issues and Administration
Topic: secret santa 2020
Replies: 10
Views: 1123

Re: secret santa 2020

okay thanks.

Now I am wondering who that secret Santa is.
by sil2017
Sat Nov 21, 2020 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Over-Improving Your Personal Residence?
Replies: 106
Views: 9148

Re: Over-Improving Your Personal Residence?

Repair definitely yes to prevent more damages. Unless you are 100 Percent certain your will be staying in the house forever, I would not overdo major renovations. If your house will sell for over one million, chances are that the new buyer will do their own updating. My neighbor sold a house with ov...
by sil2017
Sat Nov 21, 2020 8:50 am
Forum: Personal Finance (Not Investing)
Topic: FDIC/SPIC insurance for brokerage account
Replies: 11
Views: 639

FDIC/SPIC insurance for brokerage account

I have a Vanguard account and realized that in my IRA, I have over 500k in the Federal money market plus my stocks. With the way the economy is heading, I decided to read up on FDIC and SPIC insurance just in case a brokerage firm goes belly up. Am I covered up to 500k in my Vanguard IRA account inc...
by sil2017
Sat Nov 21, 2020 8:41 am
Forum: Forum Issues and Administration
Topic: secret santa 2020
Replies: 10
Views: 1123

Re: secret santa 2020

once I received a package of stationary from a company, thought it was a mistake and sent to wrong person so donated for truck pick up. This was last month . Perhaps there was a note from Secret Santa but didn't even look. Yesterday I received an amazon package for cashmere clothing which I didn't p...
by sil2017
Fri Nov 20, 2020 7:15 pm
Forum: Forum Issues and Administration
Topic: secret santa 2020
Replies: 10
Views: 1123

secret santa 2020

I believe i added my name for Secret Santa 2020. I have not received any information on this. I never received a person's name and address for me to be their Secret Santa. However, today i received a gift from Secret Santa. I believe it is from Secret Santa at Boglehead. Anyone have any information ...
by sil2017
Wed Nov 18, 2020 7:10 am
Forum: Personal Consumer Issues
Topic: Estimated tax payment to IRS and CA
Replies: 3
Views: 375

Re: Estimated tax payment to IRS and CA

My house will be sold in mid December. After my exclusion of 250k and adjusted cost basis, I will have approximately 250k to 300k capital gain ( haven't worked out the exact amount yet but will later). Do I need to make an estimated payment to IRS and FTB (CA) by the end of this year or at least by...
by sil2017
Wed Nov 18, 2020 2:32 am
Forum: Personal Consumer Issues
Topic: Estimated tax payment to IRS and CA
Replies: 3
Views: 375

Estimated tax payment to IRS and CA

My house will be sold in mid December. After my exclusion of 250k and adjusted cost basis, I will have approximately 250k to 300k capital gain ( haven't worked out the exact amount yet but will later). Do I need to make an estimated payment to IRS and FTB (CA) by the end of this year or at least by ...
by sil2017
Wed Nov 11, 2020 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: closing escrow in late December or early january 2021
Replies: 11
Views: 975

Re: closing escrow in late December or early january 2021

The way CA handles part-year resident tax is that you compute your total income, and then the CA tax is based on the percentage of income you earned in CA. So if you have $365K total income and $65K with a source in CA, your CA tax is 65/365 of the CA tax on $365K. (Note that not all states do it t...
by sil2017
Tue Nov 10, 2020 9:43 am
Forum: Personal Finance (Not Investing)
Topic: closing escrow in late December or early january 2021
Replies: 11
Views: 975

Re: closing escrow in late December or early january 2021

Your domicile changes on the day you move to the new state with the intention of staying there permanently, not the day you purchase your home. It is very common to be living in temporary housing before moving into a new home, whether you already own the home or not. (For example, you might have pu...
by sil2017
Tue Nov 10, 2020 9:38 am
Forum: Investing - Theory, News & General
Topic: understanding wash sale rule and capital loss
Replies: 7
Views: 520

Re: understanding wash sale rule and capital loss

how much were was the purchase of OAS on 6/16/2020 in IRA #2? Doesn't matter, because it was more than 30 days between the purchase and the sale for a loss. As long as OP didn't buy any OAS between Sept 9 and Nov 8, he is fine claiming the loss of $800 on his taxes. (As noted prior, you can't claim...
by sil2017
Mon Nov 09, 2020 7:28 pm
Forum: Investing - Theory, News & General
Topic: understanding wash sale rule and capital loss
Replies: 7
Views: 520

Re: understanding wash sale rule and capital loss

Please help me understand if I can take a capital loss on buying and selling the SAME Stock. Here is an example but not exact number for easier calculation and understanding 6/16/2020- bought OAS in Individual taxable account for $1000 6/17/2020 - Bought OAS in Individual IRA account for $500 10/9/...
by sil2017
Mon Nov 09, 2020 1:54 pm
Forum: Investing - Theory, News & General
Topic: understanding wash sale rule and capital loss
Replies: 7
Views: 520

understanding wash sale rule and capital loss

Please help me understand if I can take a capital loss on buying and selling the SAME Stock. Here is an example but not exact number for easier calculation and understanding 6/16/2020- bought OAS in Individual taxable account for $1000 6/17/2020 - Bought OAS in Individual IRA account for $500 10/9/2...
by sil2017
Mon Nov 02, 2020 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse diagnosed w/ Cancer
Replies: 103
Views: 10057

Re: Spouse diagnosed w/ Cancer

No financial suggestions to add but my best friend was diagnosed with prostate cancer. Go to healthunlocked.com and go to the Prostate Cancer Forum for questions and information. Don't settle for anything less than the top oncologist with a team he works with. Read up as much as you can and also do ...
by sil2017
Sun Nov 01, 2020 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: closing escrow in late December or early january 2021
Replies: 11
Views: 975

Re: closing escrow in late December or early january 2021

I will be staying at my sister's house . She is not charging rent. How would I prove to CA that I left?
I read that for Washington, by registering to vote will determine your Washington Residency. Then you have to apply for DL within 30 days of residency
by sil2017
Sun Nov 01, 2020 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: closing escrow in late December or early january 2021
Replies: 11
Views: 975

Re: closing escrow in late December or early january 2021

https://www.ftb.ca.gov/forms/misc/1100.html (Taxation of Nonresidents and Individuals Who Change Residency ) The sale of your California property is considered California source income and will be taxed by California in its entirety no matter where you actually reside/domicile at the time of sale. ...
by sil2017
Fri Oct 30, 2020 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: closing escrow in late December or early january 2021
Replies: 11
Views: 975

closing escrow in late December or early january 2021

Hope you can help me with my decision- Wondering which is the best option on a tax level and domicile without any hiccups A. Close escrow by the end of December and leave for Nevada to rent a place .Most likely it will be December 20th to December 29th. I won't be able to register for my Nevada DL t...
by sil2017
Thu Oct 29, 2020 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: How to avoid paying California tax on capital gain (legally)?
Replies: 74
Views: 6366

Re: Avoid paying capital gain tax (CA state tax)?

In California, capital gain is taxed as regular income. If you sell stocks and make $1M, you are taxed at 13% (California Tax) in addition to the federal capital gain tax. What if you moved to Texas where is no state income tax and then sell your stocks? Do you still have to pay California capital ...
by sil2017
Sat Oct 24, 2020 4:38 pm
Forum: Personal Consumer Issues
Topic: which listing agent should I hire?
Replies: 30
Views: 1500

Re: which listing agent should I hire?

I decided on the first realtor for 4 1/2 per cent commission. She is a broker/owner of her company with her own staff. She will split the cost for the staging which would be about $750 to 1k maximum for my share. The other realtors who charges 5 percent did not answer my text till 4 hours later. I d...
by sil2017
Sat Oct 24, 2020 12:58 pm
Forum: Personal Consumer Issues
Topic: which listing agent should I hire?
Replies: 30
Views: 1500

Re: which listing agent should I hire?

There are NO listing for a house with 3 bedrooms 2 bathrooms one story in my neighbourhood. I spoke to someone several streets from here who had her house listed for 1.275 Million and she said that there were 8 buyers the first weekend and she accepted an offer over 1.3 Million. Her house is 400 sq...
by sil2017
Sat Oct 24, 2020 12:32 pm
Forum: Personal Consumer Issues
Topic: which listing agent should I hire?
Replies: 30
Views: 1500

Re: which listing agent should I hire?

There are NO listing for a house with 3 bedrooms 2 bathrooms one story in my neighbourhood. I spoke to someone several streets from here who had her house listed for 1.275 Million and she said that there were 8 buyers the first weekend and she accepted an offer over 1.3 Million. Her house is 400 squ...
by sil2017
Sat Oct 24, 2020 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: safe to withdraw 2 months after leaving CA?
Replies: 10
Views: 855

Re: safe to withdraw 2 months after leaving CA?

I have realized gain in my IRA account which I plan to withdraw AFTER I leave CA. If I should withdraw the gain in March or even later, do I need to pay CA capital gain tax ? I'll leave it to others to comment on CA state taxes. But when you sell stocks for a gain in an IRA, I thought that there wa...
by sil2017
Sat Oct 24, 2020 10:10 am
Forum: Personal Finance (Not Investing)
Topic: safe to withdraw 2 months after leaving CA?
Replies: 10
Views: 855

safe to withdraw 2 months after leaving CA?

As I have posted, I am selling my house in California. I am already going to pay a lot of state tax for year 2020 based on my short term capital gains on stocks. I plan to vacate CA in January or February 2021 to Washington or Nevada (no state income tax for both). I understand that I still have to ...
by sil2017
Sat Oct 24, 2020 8:23 am
Forum: Personal Consumer Issues
Topic: which listing agent should I hire?
Replies: 30
Views: 1500

Re: which listing agent should I hire?

My concern is about the commission. The first realtor who I like will charge me 4 1/2 percent with 2 1/4 percent to the buyer's agent. The other 2 realtors will give 2 1/2 percent to the buyer's agent. Will giving 2 1/4 percent as opposed to 2 1/2 percent to the buyer's agent result in less showings...
by sil2017
Fri Oct 23, 2020 9:02 pm
Forum: Personal Consumer Issues
Topic: which listing agent should I hire?
Replies: 30
Views: 1500

Re: which listing agent should I hire?

If I’m choosing on this one the price differences are immaterial to me. If I had met all three I could choose one based on the entire package of all tangible and intangible factors, and hopefully you have the skill set to accomplish same. If pressed to narrow down my criteria, I’m going with someon...
by sil2017
Fri Oct 23, 2020 7:39 pm
Forum: Personal Consumer Issues
Topic: which listing agent should I hire?
Replies: 30
Views: 1500

Re: which listing agent should I hire?

If they feel like you would have an offer in two weeks, then there is no need to sign a commitment for three to six months. For a 50k commission I would expect staging at the agent’s cost. Its 60k and realtor 2 was offering free staging and $2500 off the escrow fee But with realtor one, its 54k com...
by sil2017
Fri Oct 23, 2020 7:28 pm
Forum: Personal Consumer Issues
Topic: which listing agent should I hire?
Replies: 30
Views: 1500

Re: which listing agent should I hire?

Commission is just one part of the equation. You want a realtor who puts your property in the best light and gets you advertised favorably. Did any of the three actually put effort into bringing you a marketing plan? Did they bring examples of the photos/virtual tours/etc. that they do to market th...
by sil2017
Fri Oct 23, 2020 7:24 pm
Forum: Personal Consumer Issues
Topic: which listing agent should I hire?
Replies: 30
Views: 1500

Re: which listing agent should I hire?

What is the escrow fee? Thats a new one to me. About 3k but realtor 2 will give me a discount so i pay $500 instead Isn't 3 months listing agreement better than a 6 month? All feel that with advertisement and staging, I should have an offer or more within 2 weeks. All feel that i should be able to ...
by sil2017
Fri Oct 23, 2020 7:24 pm
Forum: Personal Consumer Issues
Topic: which listing agent should I hire?
Replies: 30
Views: 1500

Re: which listing agent should I hire?

yes, all 3 offer similar marketing plans drone photography , professional photographs of house, advertisement , MLS and with the 2nd and 3rd realtor who work for First Team, they will advertised to their own agents first (2500 agents) First realtor will have my house in the local newspaper, on Faceb...
by sil2017
Fri Oct 23, 2020 7:08 pm
Forum: Personal Consumer Issues
Topic: which listing agent should I hire?
Replies: 30
Views: 1500

which listing agent should I hire?

I interviewed 3 realtors whose specialties are in my area. Here is the breakdown: 1st realtor- neighbor highly recommends her, 4 1/2 percent commission with 2 1/4 percent for the buyer's agent, free 90 minutes staging consultation . She thinks I would need to spend about 1k to 1.5k for the 3 months ...
by sil2017
Thu Sep 24, 2020 8:36 pm
Forum: Personal Consumer Issues
Topic: Latest time for purchase of same day ticket
Replies: 4
Views: 493

Re: Latest time for purchase of same day ticket

finally got through air canada

Answer is 2 hours before the flight

Moderator....you can close the thread
by sil2017
Thu Sep 24, 2020 8:30 pm
Forum: Personal Consumer Issues
Topic: Latest time for purchase of same day ticket
Replies: 4
Views: 493

Re: Latest time for purchase of same day ticket

I have dual citizenship- no problem getting through