Search found 4 matches

by gobadgers
Mon Feb 15, 2021 12:34 pm
Forum: Personal Investments
Topic: Did I buy the wrong Treasury?
Replies: 8
Views: 1684

Re: Did I buy the wrong Treasury?

Thanks, ofckrupke...... Your example is far more complicated than my case, but I get the point. I will file F8949 with a Code D in Col f, put a negative adjustment in Col g such that the gain or loss is zero. The actual gain will be reported on Sch B as accrued market discount. I will also File Sch ...
by gobadgers
Sat Feb 13, 2021 10:35 am
Forum: Personal Investments
Topic: Did I buy the wrong Treasury?
Replies: 8
Views: 1684

Re: Did I buy the wrong Treasury?

To anyone: I got a 1099B for year 2020 showing accrued market discount in column/box 1f in regard to a T Note I bought at a discount in 2019. The 1099B indicates a gain/loss of zero. I understand that accrued market discount is considered interest income, and reported on Schedule B. Do I even need t...
by gobadgers
Tue Oct 30, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: IRMAA Thresholds in 2020
Replies: 70
Views: 11428

IRMAA Thresholds in 2020

Is it true that the IRMAA thresholds will be adjusted upward for inflation in 2020 -- maybe about 2%? In planning my 2018 tax return (the income for which will determine the 2020 threshold used), I need to know how close I can get to the cliff without going over. I am close to one of the current IRM...
by gobadgers
Sat Oct 06, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Estimated tax payment for Q4 Roth rollovers?
Replies: 5
Views: 696

Re: Estimated tax payment for Q4 Roth rollovers?

Speaking of IRMAA cliffs, since the 2020 thresholds are based on 2018 income, does anybody know if these thresholds will be adjusted for inflation in 2020 and by how much? I have read about 2%, but some people have said don't count on any change. Obviously, any increase in the 2020 thresholds will h...