Search found 76 matches

by StraightEdge
Thu Apr 18, 2019 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Question on free credit reports?
Replies: 4
Views: 375

Question on free credit reports?

Everyone is allowed one free credit report from each of the three bureaus once a year, correct? I know you can pull that from annualcreditreport.com Well what about the people that have also placed a free fraud alert for one year on their file with each credit bureau....do they get an additional one...
by StraightEdge
Fri Apr 12, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Questions on identity theft, fraud alert, credit reports, Chexsystems, etc.
Replies: 6
Views: 698

Questions on identity theft, fraud alert, credit reports, Chexsystems, etc.

Basically, my wife and I were victims of identity theft. Two credit cards were opened in my name and two credit cards were opened in my wife's name (one application didn't go through though and was denied). In addition, a checking account was also opened in my wife's name through a bank that we don'...
by StraightEdge
Sun Apr 07, 2019 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Difference between regular, promotional and account review inquiries on credit report from TransUnion?
Replies: 4
Views: 461

Difference between regular, promotional and account review inquiries on credit report from TransUnion?

Between the three breakdowns, there are some that I don't recognize. What are the difference between these three and of the three categories which do I need to take action to fix if I didn't do them? Also, the last category is tabbed "Inquiry Analysis" and I don't bank with the bank listed in it. So...
by StraightEdge
Wed Oct 03, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: With random sources of income, how do you know what you have to pay taxes on?
Replies: 12
Views: 887

With random sources of income, how do you know what you have to pay taxes on?

Obviously I know with full time and part time jobs you have to pay taxes. But what about miscellaneous forms of income? I've always been confused about that. Is there a way you can dumb it down or give a general rule of thumb? Some examples: 1. Userfeel.com website or websites like it where you can ...
by StraightEdge
Wed Aug 01, 2018 12:34 pm
Forum: Personal Investments
Topic: Can someone help explain this employer retirement contribution wording?
Replies: 14
Views: 979

Can someone help explain this employer retirement contribution wording?

First off, "mandatory for you to give is 3% of your salary and employer matches 3% dollar for dollar". I understand that part. But then it says: "Voluntary: any contribution above the mandatory level. Employer matches 2% of your voluntary contributions dollar for dollar as long as you contribute at ...
by StraightEdge
Wed May 16, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Why can't you rollover a retirement account into another one that you no longer work at?
Replies: 33
Views: 2381

Re: Why can't you rollover a retirement account into another one that you no longer work at?

I think some of you are confused. I never said that the guy from Empower Retirement (Job A's retirement account) said I have to transfer my 403B into an IRA or that I could only do it through him. He said if I wanted to convert my account into an IRA with them I could and that way I could have a sin...
by StraightEdge
Wed May 16, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Why can't you rollover a retirement account into another one that you no longer work at?
Replies: 33
Views: 2381

Re: Why can't you rollover a retirement account into another one that you no longer work at?

I don't know what IRA accounts are or what a Roth IRA is so I'm hesitant to rollover Job A and Job B's accounts into Job A's IRA. Job A's retirement is through Empower Retirement and Job B is called Milliman. Because if I did that...could I then rollover an IRA into a traditional 401K with Job C if...
by StraightEdge
Wed May 16, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Why can't you rollover a retirement account into another one that you no longer work at?
Replies: 33
Views: 2381

Re: Why can't you rollover a retirement account into another one that you no longer work at?

I don't know what IRA accounts are or what a Roth IRA is so I'm hesitant to rollover Job A and Job B's accounts into Job A's IRA. Job A's retirement is through Empower Retirement and Job B is called Milliman. Because if I did that...could I then rollover an IRA into a traditional 401K with Job C if ...
by StraightEdge
Wed May 16, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Why can't you rollover a retirement account into another one that you no longer work at?
Replies: 33
Views: 2381

Re: Why can't you rollover a retirement account into another one that you no longer work at?

I don't think you are understanding correctly.

I don't work at Job B anymore either. So I can't roll over Job A's account into Job B's account for the same reason I can't rollover Job B's account into Job A's account.
by StraightEdge
Wed May 16, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Why can't you rollover a retirement account into another one that you no longer work at?
Replies: 33
Views: 2381

Why can't you rollover a retirement account into another one that you no longer work at?

Let me preface this by saying that I don't know much about retirement accounts. I worked at Job A from 2009-2014 and I had a 403B retirement plan with them that has $40,000 in current value right now. In 2014, I got a new job with Job B from 2014-2017 that also had a 403B retirement plan and it has ...
by StraightEdge
Fri Apr 20, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Question about Savings Bonds
Replies: 18
Views: 3366

Re: Question about Savings Bonds

Bump thanks.
by StraightEdge
Wed Apr 18, 2018 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Savings Bonds
Replies: 18
Views: 3366

Re: Question about Savings Bonds

Sorry I'm still really confused, do you mind breaking it down more for me with these questions? KlingKlang I read through your responses but I got lost trying to understand lol. Sorry thank you!! Maybe if you can number your responses based off my questions for each? 1.) Regarding #2 though, I still...
by StraightEdge
Mon Apr 16, 2018 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Question about Savings Bonds
Replies: 18
Views: 3366

Re: Question about Savings Bonds

1.) The $50 printed on the bond is basically a marketing gimmick by Uncle Sam, it just makes it look like you were given a bigger gift than you were. The official answer is that each EE bond has a guaranteed doubling period (currently 20 years, shorter for older bonds) so that is double the $25 pur...
by StraightEdge
Sat Apr 14, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: [Help with federal tax return]
Replies: 15
Views: 1399

Re: [Help with federal tax return]

Ok gotcha, thanks guys! One other quick question. When my wife was single, a CPA filed her 2016 tax return using the 1040 form because she had the stocks. Her 1099-Consolidated Forms showed only the 1099-DIV box on it that year and going through her tax return, he included a Schedule B which is titl...
by StraightEdge
Sat Apr 14, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: [Help with federal tax return]
Replies: 15
Views: 1399

Re: [Help with federal tax return]

Yeah I'm just curious. I already know this isn't a lot to fret over and if you look at my original post, I clearly even stated that. That wasn't my purpose. It's to also know for future returns when it is a large amount. So again, even if it's a non-community state is there ever a case when you woul...
by StraightEdge
Sat Apr 14, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: [Help with federal tax return]
Replies: 15
Views: 1399

Re: How do you report interest from a checking account on your federal taxes if you are filing MFS?

In non-community property state, the default on a joint account is that it gets split equally. However, if it can be demonstrated that funds were actually contributed disproportionately by one owner, there is a case for unequal split. This is true whether the owners are spouses or not. So, for exam...
by StraightEdge
Sat Apr 14, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: [Help with federal tax return]
Replies: 15
Views: 1399

Re: How do you report interest from a checking account on your federal taxes if you are filing MFS?

Thanks guys but I seem to be getting two different responses. One person said the person first on the account reports it and someone else said you split it. It's a joint account and both our names are on it equally. In this example, assume it's a non-community property state. So does only one person...
by StraightEdge
Sat Apr 14, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: [Help with federal tax return]
Replies: 15
Views: 1399

How do you report interest from a checking account on your federal taxes if you are filing MFS?

Let's say the checking or savings account is in both your names and you received such a small amount of interest from a checking or savings that you didn't even receive a 1099 from your bank because it was less than $10. You are filing married separate. Let's say the amount was $1.16 in total. Do ju...
by StraightEdge
Sat Apr 14, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3890

Re: [Help completing the TN state tax return]

StraightEdge - It is very confusing to create a new thread for each question. The information is scattered, making it very difficult to help you. I have combined all of your questions related to the TN state tax return into here. Please ask all of your tax return questions in this thread. You put m...
by StraightEdge
Fri Apr 13, 2018 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: [Help with federal tax return]
Replies: 15
Views: 1399

How do you report interest from a checking account on your taxes if you are filing MFS?

[Question is: How do you report interest from a checking account on your taxes if you are filing MFS? --admin LadyGeek] Let's say the checking or savings account is in both your names and you received such a small amount of interest from a checking or savings that you didn't even receive a 1099 fro...
by StraightEdge
Fri Apr 13, 2018 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: [Help with federal tax return]
Replies: 15
Views: 1399

[Help with federal tax return]

[Question is: If stocks are only in your spouse's name, is she the only person that has to include it on taxes if you do MFS? --admin LadyGeek] 1.) My wife has stocks and they don't include my name. If we file married but separate, is she the only one that needs to include them on her tax return? 2...
by StraightEdge
Fri Apr 13, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3890

Re: Do all state tax returns, but specifically Tennessee, require you to report interest from checking/savings accounts?

Ok thanks guys. So I'm still confused, do you have to add interest from checking/savings accounts to your Tennessee state return if it's over the $1250 amount? Or does that not count towards it at all? That's kind of what the website seems to imply right? And $1250 is for single and married filing s...
by StraightEdge
Fri Apr 13, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3890

Do all state tax returns, but specifically Tennessee, require you to report interest from checking/savings accounts?

[Thread merged into here, see below. --admin LadyGeek] I know on the federal level anything checking or savings account interest over .49 per account is taxable on the federal tax return. But what about for all state tax returns? Do all states require you to pay taxes on interest on just checking o...
by StraightEdge
Fri Apr 13, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3890

Re: How do I know which amounts from my 1099 form make me decide on if I have to pay a state tax return to Tennessee?

Thanks all. So I was told from someone else that all you do is add the Total Ordinary Dividends line from your 1099-DIV box plus only the Interest Income line from the 1099-INT box on the front of the 1099 consolidated forms sheet you get once a year...is that true? If so, that means you don't have...
by StraightEdge
Fri Apr 13, 2018 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Savings Bonds
Replies: 18
Views: 3366

Question about Savings Bonds

When I was a kid, my uncle gave me several savings bonds over the course of my life. He bought them and they are in my name. Specifically they are Patriot Bonds and they say EE Series on them. I'm just going to take the oldest one here that I have for questions I have on them. The denomination is $5...
by StraightEdge
Fri Apr 13, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3890

Re: How do I know which amounts from my 1099 form make me decide on if I have to pay a state tax return to Tennessee?

Thanks all. So I was told from someone else that all you do is add the Total Ordinary Dividends line from your 1099-DIV box plus only the Interest Income line from the 1099-INT box on the front of the 1099 consolidated forms sheet you get once a year...is that true? If so, that means you don't have ...
by StraightEdge
Fri Apr 13, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3890

Re: Can you go back and forth in the future between filing taxes as married jointly or separately?

I asked a TurboTax rep how you would allocate unearned income for state taxes if you lived in two states throughout a year. She said you can do a simple proration of dividing the total earned by 12 months then multiply by the number of months in each state....Then she said OR you can use the physica...
by StraightEdge
Fri Apr 13, 2018 8:37 am
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3890

Re: How do I know which amounts from my 1099 form make me decide on if I have to pay a state tax return to Tennessee?

Sorry, I just don't understand. I went to that website that the second poster made but it doesn't seem to answer my questions? It just talks to me about filing some type of tax? Someone can't tell me simply if all you do is add all the numbers from the 1099-DIV box plus the 1099-INT box from the Sum...
by StraightEdge
Thu Apr 12, 2018 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3890

Re: How do I know which amounts from my 1099 form make me decide on if I have to pay a state tax return to Tennessee?

Thanks for the website but that doesn't help me. And to the second poster, I have the tax return from my wife when she was single done by a CPA last year. I just want to understand all this stuff. And is my original question not pretty simple? I just need to know exactly which spots to add together ...
by StraightEdge
Thu Apr 12, 2018 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Loss Carryover (From stock/bond sale)?
Replies: 8
Views: 637

Re: Capital Loss Carryover (From stock/bond sale)?

For future reference, how can I understand this stuff better. Like knowing what a capital loss carryover is or stuff so I know how to do in the future? I just don't understand these terms. Like why does that spot have to say $-3000 to be a capital loss carryover and what is a capital loss carryover ...
by StraightEdge
Thu Apr 12, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3890

Re: Can you go back and forth in the future between filing taxes as married jointly or separately?

See I'm still confused about how to properly do the allocation. I asked over at TurboTax and a worker replied this way: - For dividends, refer to the dividends box on the 1099-DIV, and divided that amount by the months lived in each state. - For interest, refer to box 1, and divide my months lived i...
by StraightEdge
Thu Apr 12, 2018 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3890

How do I know which amounts from my 1099 form make me decide on if I have to pay a state tax return to Tennessee?

[Thread merged into here, see below. --admin LadyGeek] I know in Tennessee you only pay state taxes on interest and dividends that exceed $1250 for single filing and $2500 for Married Filing Joint....but can someone break this down further so I know for the future which numbers from the 1099 form t...
by StraightEdge
Thu Apr 12, 2018 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3890

Re: Married filing joint and separate refund coming out roughly the same for each?

Thanks but I didn't mean going back and ever changing your previous tax return filing statuses. I'll never do that. I just meant going forward in the future. And yeah I noticed I couldn't use my student loan interest deduction on marrying filing separate like I could married jointly but again the nu...
by StraightEdge
Thu Apr 12, 2018 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3890

Re: Why is TurboTax saying I need to file multiple state tax returns?

Sorry I'm still confused. Just disregard Tennessee. I'm wanting to make sure in the future that if we ever live in a state only part of the year, I am doing the state taxes right if it asks about her stocks and how to tax them properly for the time period we were in each state. This is referring to ...
by StraightEdge
Thu Apr 12, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: How do I make sure IRS receives my manual tax return ?
Replies: 89
Views: 11694

Re: How do I make sure IRS receives my manual tax return ?

When I used to do it by hand when I was single, I would always take it to the post office and do a return receipt or whatever it's called that shows proof I mailed it and also allowed me to receive something in the mail that showed when a physical person at the IRS office received my return. Sorry c...
by StraightEdge
Thu Apr 12, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3890

Re: Can you go back and forth in the future between filing taxes as married jointly or separately?

https://www.sapling.com/12041057/can-sw ... y-separate

This was the site that said it, last paragraph. Again, I did rough drafts of both joint and separate on TurboTax and only joint comes out better by about $200 so almost roughly the same.
by StraightEdge
Thu Apr 12, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3890

Re: Can you go back and forth in the future between filing taxes as married jointly or separately?

Some of you may know my situation that I've explained in previous posts. My wife has stocks and is under a student loan forgiveness plan, PAYE, that will take 10% of your income and make your student loan payments each month that amount. So if you file married separate it will only take her income f...
by StraightEdge
Thu Apr 12, 2018 8:43 am
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3890

Re: Why is TurboTax saying I need to file multiple state tax returns?

My wife and I got married in April 2017 and she lived in CA from July 2013-May 2017. She was only a student there, had no income, and didn't own a home, just rented. Even the CPA that did her taxes for 2016 didn't file a CA state tax return for her and he knew the whole situation. Her address was al...
by StraightEdge
Thu Apr 12, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3890

Married filing joint and separate refund coming out roughly the same for each?

[Thread merged into here, see below. --admin LadyGeek] Some of you may know my situation that I've explained in previous posts. My wife has stocks and is under a student loan forgiveness plan, PAYE, that will take 10% of your income and make your student loan payments each month that amount. So if ...
by StraightEdge
Wed Apr 11, 2018 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3890

Re: Why is TurboTax saying I need to file multiple state tax returns?

We got married in April 2017. My wife lived in CA from July 2013-May 2017 but she was just a student and not earning income and not considered a resident of CA. I lived in CA from December 2014-May 2017 and worked there and paid CA state taxes in 2015 and 2016. Then we both moved back to Tennessee i...
by StraightEdge
Wed Apr 11, 2018 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3890

Re: Why is TurboTax saying I need to file multiple state tax returns?

So as I'm going through it jointly, it's asking me which of the total stock numbers that I put in earlier for federal came during the time in California to be taxed by their state...how do I do this?
by StraightEdge
Wed Apr 11, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3890

Re: Why is TurboTax saying I need to file multiple state tax returns?

I'm so confused...I thought you couldn't file married jointly for fed and then married filing separate for state taxes? I thought your filing status for state had to match exactly your federal too? Depends on the state. California: https://www.ftb.ca.gov/individuals/Filing-status-information.shtml ...
by StraightEdge
Wed Apr 11, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3890

Re: Why is TurboTax saying I need to file multiple state tax returns?

I'm so confused...I thought you couldn't file married jointly for fed and then married filing separate for state taxes? I thought your filing status for state had to match exactly your federal too? I wouldn't even know how to file married separate for CA for just me on TurboTax? After filing married...
by StraightEdge
Wed Apr 11, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3890

Re: Why is TurboTax saying I need to file multiple state tax returns?

So maybe I made a mistake saying she was a resident of CA and I should only put that I was? But you are married filing jointly, right? Well I'm trying different rough drafts of both married filing jointly and married filing separate to see what works better for our situation. But yes, in this insta...
by StraightEdge
Wed Apr 11, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3890

Re: Why is TurboTax saying I need to file multiple state tax returns?

Ok so I understand why she would have to pay Tennessee state income tax now on her stocks but it's trying to pull her as a resident of California. Maybe technically she wasn't a resident of California because she was only doing school there from 2013-2017 and never filed a CA state tax return during...
by StraightEdge
Wed Apr 11, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Capital Loss Carryover (From stock/bond sale)?
Replies: 8
Views: 637

Re: Capital Loss Carryover (From stock/bond sale)?

And going through her 1040 Tax Return for 2016, line 13 which is titled "capital gain or loss. Attach Schedule D if required. If not required check her". He put an "X" and the number is 92. The 92 seems to be coming from the 1099-DIV box from her 2016 1099 form under 2a. which is titled total capit...
by StraightEdge
Wed Apr 11, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3890

Why is TurboTax saying I need to file multiple state tax returns?

My wife and I got married in 2017 so I'm filing married jointly for the first time. She lived in California as a student from July 2013-May 2017 but she has never filed California state tax return because she wasn't making an income? I lived in California and worked from December 2014-May 2017. So I...
by StraightEdge
Wed Apr 11, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Capital Loss Carryover (From stock/bond sale)?
Replies: 8
Views: 637

Re: Capital Loss Carryover (From stock/bond sale)?

Thanks guys! So I'm looking through her 2016 tax return now including the 2016 1099 form she received. The 2016 1099 consolidated forms she received only shows a 1099-DIV box under "Summary of Reportable Tax Information". And going through her 1040 Tax Return for 2016, line 13 which is titled "capit...