Search found 110 matches

by Carno
Sun Jan 12, 2020 3:55 pm
Forum: Personal Investments
Topic: Downside Risk of Ultra-Short Credit Bond Funds
Replies: 6
Views: 1755

Re: Downside Risk of Ultra-Short Credit Bond Funds

I am considering VFSTX (not an ETF), VCSH, IGSB, FLOT, FLRN, NEAR, MINT, MBB, ICSH, ULST for better cash management (money market replacement) and immediate access to cash in my IRA account. My cash is currently split between VUSXX and VMFXX. Please advise. :)
PS: E*TRADE does not offer VUSFX online.
by Carno
Fri Oct 04, 2019 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Should My Uncle File an Amended 1040X?
Replies: 18
Views: 1042

Re: Should My Uncle File an Amended 1040X?

I would amend. Amending on the income side is not necessarily going to cause scrutiny on the deduction side. Most of this is all automated. An instance where it could would be if you said your income was $100k and deducted $30k and now you say your income was $70k and still deducted $30k. They have...
by Carno
Fri Oct 04, 2019 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Should My Uncle File an Amended 1040X?
Replies: 18
Views: 1042

Re: Should My Uncle File an Amended 1040X?

If uncle feels good about deductions, he could certainly file an amended return with corrected income. I pay my taxes in full, but don’t pay any more than legally obligated. I wouldn’t hesitate to file an amended return if I overpaid taxes. Yes, if it were only an amendment for the over-payment of ...
by Carno
Fri Oct 04, 2019 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Should My Uncle File an Amended 1040X?
Replies: 18
Views: 1042

Re: Should My Uncle File an Amended 1040X?

Part of 1040X is explaining the differences from the original return. Sometimes that's as simple as "received revised 1099B, which changes line xx from $2000 to $1900". I imagine the more complex the changes, the more likely the computer is to summon a human. Sounds like there are multiple changes ...
by Carno
Fri Oct 04, 2019 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Should My Uncle File an Amended 1040X?
Replies: 18
Views: 1042

Re: Should My Uncle File an Amended 1040X?

Without knowing whether the aggressive deductions are allowed or disallowed, or having any sense, all we have is the differing opinions of 2 accountants. If the amount is small, the time and accountant fees involved could easily be more trouble than it's worth, but if it's over $5,000, it might be ...
by Carno
Fri Oct 04, 2019 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Should My Uncle File an Amended 1040X?
Replies: 18
Views: 1042

Re: Should My Uncle File an Amended 1040X?

What were the incorrect numbers? On the revenue/income side or deduction side? If on the revenue side (which seems most likely) I would file an amended return. Does he have a business? If he is "elderly" that seems unlikely. We need more details really. If I had 1099s or W-2s or K-1s that don't mat...
by Carno
Fri Oct 04, 2019 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Should My Uncle File an Amended 1040X?
Replies: 18
Views: 1042

Re: Should My Uncle File an Amended 1040X?

Gill wrote:
Thu Oct 03, 2019 8:24 pm
One thing is for certain which is filing the amended return will resurrect the original return and bring additional scrutiny to it.
Gill
And I guess the degree of scrutiny would be proportional to the size of refund?
by Carno
Thu Oct 03, 2019 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Should My Uncle File an Amended 1040X?
Replies: 18
Views: 1042

Re: Should My Uncle File an Amended 1040X?

What was the difference in tax between the 2 original accountants? What is the amount of additional refund from 1040X amendment? Can you provide an example of an aggressive deduction and what documentation you have to support amount? I’m guessing most amendments are simply processed, but a few trig...
by Carno
Wed Oct 02, 2019 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Should My Uncle File an Amended 1040X?
Replies: 18
Views: 1042

Should My Uncle File an Amended 1040X?

My elderly uncle is in a dilemma whether to file an amended 1040X for 2016 or not . He filed his original 2016 1040 return on 10/10/2017 (extended filing) and I believe he has until 10/10/2020 to file his amended 1040X. He had advice from 2 different tax advisors to file his original return. Advisor...
by Carno
Sat Sep 14, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: New 2018 California Adjustments — Residents CA (540) SCHEDULE Question
Replies: 20
Views: 1152

Re: New 2018 California Adjustments — Residents CA (540) SCHEDULE Question

.................................................... You wrote: look at the labels 2a/2b instead of the descriptors which are misleading. My comments: Thanks very much! Just for historical record, this Taxable interest (b) was only introduced to California Adjustments — Residents CA (540) schedule ...
by Carno
Sat Sep 14, 2019 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: New 2018 California Adjustments — Residents CA (540) SCHEDULE Question
Replies: 20
Views: 1152

Re: New 2018 California Adjustments — Residents CA (540) SCHEDULE Question

.................................................. To me, the correct amount for [ 2. Taxable interest (a) ◎ _______________. . . . . . . . . . ] would be [Column A - Column B + Column C] and not the tax-exempt amount from Form 1040 (2018) 2a Tax-exempt interest. This happens to be correct only whe...
by Carno
Sat Sep 14, 2019 11:20 am
Forum: Personal Finance (Not Investing)
Topic: New 2018 California Adjustments — Residents CA (540) SCHEDULE Question
Replies: 20
Views: 1152

Re: New 2018 California Adjustments — Residents CA (540) SCHEDULE Question

........................................................... Your wrote: Also include on line 2a any exempt-interest ... I say: Why then it says: 2. Taxable interest (a) ◎ _______________. . . . . . . . . . ? Any exempt-interest as far as 1040 (federal) is concerned, but taxable to CA? I think the 5...
by Carno
Sat Sep 14, 2019 11:02 am
Forum: Personal Finance (Not Investing)
Topic: New 2018 California Adjustments — Residents CA (540) SCHEDULE Question
Replies: 20
Views: 1152

Re: New 2018 California Adjustments — Residents CA (540) SCHEDULE Question

In the new 2018 California Adjustments — Residents CA (540) SCHEDULE, compared to previous forms, in Part I Income Adjustment Schedule, for Items 2 (Taxable interest), 3 (Ordinary dividends), 4 (IRAs, pensions, and annuities) and 5 (Social security benefits), we see new radio buttons (bullseyes) af...
by Carno
Sat Sep 14, 2019 10:48 am
Forum: Personal Finance (Not Investing)
Topic: New 2018 California Adjustments — Residents CA (540) SCHEDULE Question
Replies: 20
Views: 1152

Re: New 2018 California Adjustments — Residents CA (540) SCHEDULE Question

............................................................... Income from things (individual bonds or funds) that bear federally taxable but CA-exempt interest should be adjusted in line 2 column B (treasury interest/treasury-bond-fund dividends are the most common sources, even though the latter...
by Carno
Sat Sep 14, 2019 10:39 am
Forum: Personal Finance (Not Investing)
Topic: New 2018 California Adjustments — Residents CA (540) SCHEDULE Question
Replies: 20
Views: 1152

Re: New 2018 California Adjustments — Residents CA (540) SCHEDULE Question

I don't see this in the instructions, but the tax software I used put the figures from my 1040 line 2a, 3a, 4a and 5a on the CA adjustments schedule by the radial dials. And the amounts from form 1040 lines 2b, 3b, 4b and 5b were on CA Adjustments column A. First, I (2018 CA taxpayer with nonzero e...
by Carno
Sat Sep 14, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: New 2018 California Adjustments — Residents CA (540) SCHEDULE Question
Replies: 20
Views: 1152

Re: New 2018 California Adjustments — Residents CA (540) SCHEDULE Question

........................................................................................................ Basically the question boils down to this: Is Taxable interest (a) ◎ _______________. . . . . . . . . . Federally Tax-exempt interest or Federally Tax-exempt interest adjusted for CA Taxable int...
by Carno
Fri Sep 13, 2019 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: New 2018 California Adjustments — Residents CA (540) SCHEDULE Question
Replies: 20
Views: 1152

Re: New 2018 California Adjustments — Residents CA (540) SCHEDULE Question

I don't see this in the instructions, but the tax software I used put the figures from my 1040 line 2a, 3a, 4a and 5a on the CA adjustments schedule by the radial dials. And the amounts from form 1040 lines 2b, 3b, 4b and 5b were on CA Adjustments column A. 1040 line 2a, 3a, 4a and 5a are tax exemp...
by Carno
Fri Sep 13, 2019 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: New 2018 California Adjustments — Residents CA (540) SCHEDULE Question
Replies: 20
Views: 1152

New 2018 California Adjustments — Residents CA (540) SCHEDULE Question

In the new 2018 California Adjustments — Residents CA (540) SCHEDULE, compared to previous forms, in Part I Income Adjustment Schedule, for Items 2 (Taxable interest), 3 (Ordinary dividends), 4 (IRAs, pensions, and annuities) and 5 (Social security benefits), we see new radio buttons (bullseyes) aft...
by Carno
Fri Aug 30, 2019 11:53 am
Forum: Personal Investments
Topic: Dividends pay date when selling money market mutual fund shares
Replies: 2
Views: 246

Re: Dividends pay date when selling money market mutual fund shares

I have a few Vanguard money market mutual funds with Etrade. My question is when I sell shares in these funds, let say on 1st of a month (assuming to be a business day) do I get full dividends for that day (1st of month), or I lose all the dividends on that day? I understand cash will be available ...
by Carno
Fri Aug 30, 2019 11:23 am
Forum: Personal Investments
Topic: Dividends pay date when selling money market mutual fund shares
Replies: 2
Views: 246

Dividends pay date when selling money market mutual fund shares

I have a few Vanguard money market mutual funds with Etrade. My question is when I sell shares in these funds, let say on 1st of a month (assuming to be a business day) do I get full dividends for that day (1st of month), or I lose all the dividends on that day? I understand cash will be available t...
by Carno
Sat Jul 06, 2019 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Performing frequent ACATS question
Replies: 9
Views: 537

Re: Performing frequent ACATS question

- Brokerages freezing your account because this is not typical behavior. What are you hoping to accomplish? Many brokerage firms frequently offer asset transfer bonuses. The bonuses mostly require that you keep the assets with the new brokerage for a specified time. 6 months seems common but 90 day...
by Carno
Sat Jul 06, 2019 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Performing frequent ACATS question
Replies: 9
Views: 537

Re: Performing frequent ACATS question

I can think of a few possible concerns. - Being required to do medallion signature guarantee forms - Delay of 2 weeks or more to complete the transfer - Transferring broker botches the transaction (sells and sends the cash, instead of transferring) - Having to make sure the receiving broker will ac...
by Carno
Sat Jul 06, 2019 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Performing frequent ACATS question
Replies: 9
Views: 537

Re: Performing frequent ACATS question

mpsz wrote:
Sat Jul 06, 2019 7:38 am
- Brokerages freezing your account because this is not typical behavior.

What are you hoping to accomplish?
Many brokerage firms frequently offer asset transfer bonuses.
by Carno
Sat Jul 06, 2019 6:29 am
Forum: Personal Finance (Not Investing)
Topic: Performing frequent ACATS question
Replies: 9
Views: 537

Performing frequent ACATS question

I do frequent ACH of funds between banks. Sometimes I ACH funds from Bank A to Bank B and then from Bank B to Bank C, etc. In this case funds remain in Bank B only a day or two. I wonder if I did the same frequent ACATS of securities (partial transfers only from Broker A to B to C), would this cause...
by Carno
Wed Jul 03, 2019 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: ACACTS Account Transfer Question
Replies: 2
Views: 193

Re: ACATS Account Transfer Question

Yes. It is not unusual to have some residual income trickling in after the transfer. The ACATS (not ACACTS) will continue to look for residual amounts to sweep over for a period of time. Thanks! This was not as clearly as you explained mentioned here: https://www.sec.gov/reportspubs/investor-public...
by Carno
Wed Jul 03, 2019 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: ACACTS Account Transfer Question
Replies: 2
Views: 193

ACACTS Account Transfer Question

Let say I request an ACATS full account transfer form firm A to B. Assuming account is transferred from A to B successfully, my question is what happens if I by mistake make an ACH transfer of cash to account A (considering Account A is not deactivated or closed immediately in the process of ACATS t...
by Carno
Sat Jun 29, 2019 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Safety of investor assets question when clearing house changes
Replies: 2
Views: 255

Re: Safety of investor assets question when clearing house changes

I have sizable assets with Trading Direct (a division of York Securities). All accounts at Trading Direct have been custodied with Pershing, LLC. Pershing is a wholly owned subsidiary of The Bank of New York Mellon Corporation. Now they are replacing Pershing with Axos Clearing (a subsidiary of Axo...
by Carno
Sat Jun 29, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Safety of investor assets question when clearing house changes
Replies: 2
Views: 255

Safety of investor assets question when clearing house changes

I have sizable assets with Trading Direct (a division of York Securities). All accounts at Trading Direct have been custodied with Pershing, LLC. Pershing is a wholly owned subsidiary of The Bank of New York Mellon Corporation. Now they are replacing Pershing with Axos Clearing (a subsidiary of Axos...
by Carno
Mon Jun 03, 2019 2:08 pm
Forum: Personal Investments
Topic: Bond-mandatory put
Replies: 14
Views: 7384

Re: Bond-mandatory put

3,000 quantities of 34061YAB6 (Florida Dev Fin Corp Surface Transn Fac Rev Bds) - Mandatory Put 01/01/2024 @100 - Callable 01/20 @ Greater of 104 or Make Whole - Make Whole Call Exp 12/2019 - Extraordinary Calls - Mass/Rapid Tran Use - Subject to AMT - is available, but the yield of 5.995% is not th...
by Carno
Tue May 21, 2019 11:47 pm
Forum: Personal Investments
Topic: Bond-mandatory put
Replies: 14
Views: 7384

Re: Bond-mandatory put

But CUSIP 610530FJ1 had ratings of Baa1/A- (investment grade). :oops: Can anyone on this forum share us their experience of buying a bond with Mandatory Put Option before the reset date and then tendering it successfully on the reset date? An example of a bond with Mandatory Put:  CUSIP: 13034ASZ4 (...
by Carno
Tue May 21, 2019 3:23 am
Forum: Personal Investments
Topic: Bond-mandatory put
Replies: 14
Views: 7384

Re: Bond-mandatory put

MONROE CNTY GA DEV AUTH POLLUTION CTL 02.00000% 07/01/2025REV REV BDS GEORGIA PWR CO PLT SCHERER with CUSIP 610530FJ1. 40 of them (40,000 shares) just traded yesterday (05/20/19) with a yield of 23.881(t). (t) means Mandatory Put Option. Reset date is 06/13/19. See https://emma.msrb.org/Security/Det...
by Carno
Tue May 21, 2019 2:47 am
Forum: Personal Investments
Topic: Bond-mandatory put
Replies: 14
Views: 7384

Re: Bond-mandatory put

I found this definitive explanation of Mandatory Put Option for bonds on Quora (https://www.quora.com/How-does-bond-remarketing-work). An example of a bond with Mandatory Put Option is CUSIP 610530FJ1 (Note Coupon Type under Coupon Information is REMARKETED not FIXED). My only question now is once s...
by Carno
Thu May 02, 2019 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Error in Filing 2017 1040X Question
Replies: 5
Views: 475

Re: Error in Filing 2017 1040X Question

Once a 1040 is filed directing some or all of the overpayment to be applied to the next year's tax, that amount is locked-in as an estimated payment. The taxpayer cannot rescind or adjust the amount by filing an amended return. I expect the IRS will not process the incorrectly-prepared 2017 amended...
by Carno
Thu May 02, 2019 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Exact date to file amended tax return question
Replies: 7
Views: 677

Re: Exact date to file amended tax return question

I did not see it mentioned in any of the comments, but remember an amended return cannot be filed electronically; it must be mailed. Allow adequate time for mailing, receipt, and manually posting at the IRS. Thanks! This is what I received as Tax Tip 2019-51 that prompted my original question. Ther...
by Carno
Thu May 02, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Exact date to file amended tax return question
Replies: 7
Views: 677

Re: Exact date to file amended tax return question

Yes if you file amended to get a refund. However, you need to account for the delivery time by the USPS. I know that it could take a few weeks for the USPS to deliver a first class mail a small distance away. So, don't wait until the last moment to tackle a time-sensitive delivery issue. Thanks! I ...
by Carno
Thu May 02, 2019 1:08 am
Forum: Personal Finance (Not Investing)
Topic: Exact date to file amended tax return question
Replies: 7
Views: 677

Re: Exact date to file amended tax return question

Per instructions for from 1040-X: “When To File File Form 1040X only after you have filed your original return. Generally, for a credit or refund, you must file Form 1040X within 3 years (including extensions) after the date you filed your original return or within 2 years after the date you paid t...
by Carno
Wed May 01, 2019 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Exact date to file amended tax return question
Replies: 7
Views: 677

Exact date to file amended tax return question

I have subscribed to IRS Tax Tips, an IRS e-mail service, and I receive 2-3 tips every day. In today's tip, Tax Tip 2019-51: Some taxpayers may need to amend their tax return, it says: File within three-year time limit. Taxpayers usually have three years from the date they filed the original tax ret...
by Carno
Mon Apr 01, 2019 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Error in Filing 2017 1040X Question
Replies: 5
Views: 475

Re: Error in Filing 2017 1040X Question

Once a 1040 is filed directing some or all of the overpayment to be applied to the next year's tax, that amount is locked-in as an estimated payment. The taxpayer cannot rescind or adjust the amount by filing an amended return. I expect the IRS will not process the incorrectly-prepared 2017 amended...
by Carno
Mon Apr 01, 2019 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Error in Filing 2017 1040X Question
Replies: 5
Views: 475

Re: Error in Filing 2017 1040X Question

Once a 1040 is filed directing some or all of the overpayment to be applied to the next year's tax, that amount is locked-in as an estimated payment. The taxpayer cannot rescind or adjust the amount by filing an amended return. I expect the IRS will not process the incorrectly-prepared 2017 amended...
by Carno
Sun Mar 31, 2019 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Error in Filing 2017 1040X Question
Replies: 5
Views: 475

Error in Filing 2017 1040X Question

I filed my 2017 1040X to reduce my amount to be applied to my 2018 estimated tax from $4,800 to $4,400. However, after I filed 1040X, I realized that on line 18 (Overpayment, if any, as shown on original return or as previously adjusted by the IRS), I should have entered $4,800 but I entered $0 and ...
by Carno
Sat Mar 30, 2019 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Filing Amended Return and Chance of Audit
Replies: 7
Views: 637

Re: Filing Amended Return and Chance of Audit

I discovered I made a major over-reporting (duplicate reporting of dividends by entering them twice) and did not deduct "self-employed health insurance" for 2016, and as a result, IRS owes me close to $5K. I have already prepared the 1040X and intend to request this amount to be applied to my 2018 ...
by Carno
Sat Mar 30, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Filing Amended Return and Chance of Audit
Replies: 7
Views: 637

Re: Filing Amended Return and Chance of Audit

I discovered I made a major over-reporting (duplicate reporting of dividends by entering them twice) and did not deduct "self-employed health insurance" for 2016, and as a result, IRS owes me close to $5K. I have already prepared the 1040X and intend to request this amount to be applied to my 2018 ...
by Carno
Fri Mar 29, 2019 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Filing Amended Return and Chance of Audit
Replies: 7
Views: 637

Filing Amended Return and Chance of Audit

I have already filed 2 amended returns for 2017. Both were in IRS's favor (I owe them money). Now I discovered I made a major over-reporting (duplicate reporting of dividends by entering them twice) and did not deduct "self-employed health insurance" for 2016, and as a result, IRS owes me close to $...
by Carno
Thu Mar 21, 2019 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Deduction: Earned Income, Net Earning, Net Profit Confusion
Replies: 8
Views: 446

Re: IRA Deduction: Earned Income, Net Earning, Net Profit Confusion

Thanks, Spirit Rider. I made $4,917 Net Profit in 2018 from Self Employment income after expenses. My Self-employment tax comes to $694. I have no other deductible employer retirement plan contributions for the different types of small business retirement plans, such as Individual(k), SIMPLE IRA or...
by Carno
Thu Mar 21, 2019 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Deduction: Earned Income, Net Earning, Net Profit Confusion
Replies: 8
Views: 446

Re: IRA Deduction: Earned Income, Net Earning, Net Profit Confusion

@aartic I am reading a note that says, Earned Income = Net Profit – 1/2 of Self-Employment Tax – Contribution (the amount you contribute to a retirement plan connected with your self-employment). My contribution is $0, so my Earned Income = Net Profit – 1/2 of Self-Employment Tax, according to abov...
by Carno
Thu Mar 21, 2019 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Deduction: Earned Income, Net Earning, Net Profit Confusion
Replies: 8
Views: 446

Re: IRA Deduction: Earned Income, Net Earning, Net Profit Confusion

arcticpineapplecorp , thanks for your detailed explanation. I am still confused when I read articles such as this one: https://www.investopedia.com/university/retirementplans/ira/ira1.asp It first states: Almost anyone may establish a traditional IRA or make a regular contribution to one: All you n...
by Carno
Thu Mar 21, 2019 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Deduction: Earned Income, Net Earning, Net Profit Confusion
Replies: 8
Views: 446

Re: IRA Deduction: Earned Income, Net Earning, Net Profit Confusion

if you look at the 1040 https://www.irs.gov/pub/irs-prior/f1040--2018.pdf (page 2) you see that on line 6 you'd list your income (net profit in this case, from schedule 1 line 22 (https://www.irs.gov/pub/irs-pdf/f1040s1.pdf) which is derived from whatever other schedules you derived your net profit...
by Carno
Thu Mar 21, 2019 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Deduction: Earned Income, Net Earning, Net Profit Confusion
Replies: 8
Views: 446

IRA Deduction: Earned Income, Net Earning, Net Profit Confusion

I am reading a note that says, Earned Income = Net Profit – 1/2 of Self-Employment Tax – Contribution (the amount you contribute to a retirement plan connected with your self-employment). My contribution is $0, so my Earned Income = Net Profit – 1/2 of Self-Employment Tax, according to above. Howeve...
by Carno
Thu Mar 14, 2019 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Total Ordinary Dividends, Ordinary Dividends, Qualified Dividends Confusion
Replies: 9
Views: 771

Re: Total Ordinary Dividends, Ordinary Dividends, Qualified Dividends Confusion

Thanks, but I do not use any software. I do all my taxes manually using my own Excel spreadsheet. Again, When I enter IRS 1040 9a Ordinary Dividends, I enter [Total Ordinary Dividends - Qualified Ordinary Dividends] from Fidelity 1099-DIV and NOT [Total Ordinary Dividends]. Is this correct? No that...
by Carno
Thu Mar 14, 2019 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Total Ordinary Dividends, Ordinary Dividends, Qualified Dividends Confusion
Replies: 9
Views: 771

Re: Total Ordinary Dividends, Ordinary Dividends, Qualified Dividends Confusion

Thanks, but I do not use any software. I do all my taxes manually using my own Excel spreadsheet. Again, When I enter IRS 1040 9a Ordinary Dividends, I enter [Total Ordinary Dividends - Qualified Ordinary Dividends] from Fidelity 1099-DIV and NOT [Total Ordinary Dividends]. Is this correct? No, it ...