Search found 20 matches

by Winnie
Sat May 30, 2020 7:21 am
Forum: Personal Finance (Not Investing)
Topic: COVID related charitable contributions
Replies: 6
Views: 339

Re: COVID related charitable contributions

These are the two we support:
Haitichildren.org-based out of Colorado. 100% of the donation goes to program. Founders and board pay administrative expenses.
Mercy ships- Amazing what volunteers from around the world can accomplish and how they change lives.
by Winnie
Tue May 19, 2020 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts, k1s, and state taxes
Replies: 9
Views: 398

Re: Trusts, k1s, and state taxes

Gill,
Thank you for the response.
The bogleheads wiki and forum are very informative and educational. I appreciate all of the experts who share their knowledge and wisdom. What a great resource.
by Winnie
Tue May 19, 2020 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts, k1s, and state taxes
Replies: 9
Views: 398

Re: Trusts, k1s, and state taxes

bsteiner, Thank you for the response. The #1-3 trusts were sited and taxable in Montana. #4, probably in Michigan but the trust company took care of that. My current question is regarding the k1 income/dividend my spouse received. We do not live in Montana. Is the income a beneficiary receives from ...
by Winnie
Tue May 19, 2020 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts, k1s, and state taxes
Replies: 9
Views: 398

Re: Trusts, k1s, and state taxes

Thank you for the replies. Not4me: #1 is closed. Everything paid out during 2019. Accounts/trust closed/ended. The accountant did final state and federal returns. #2. My spouse is a co-trustee with his two siblings. Three trustees, three income beneficiaries, and there are three remainderman. Whe...
by Winnie
Tue May 19, 2020 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts, k1s, and state taxes
Replies: 9
Views: 398

Trusts, k1s, and state taxes

Aargh, trusts! Unfortunately, due to a parent death, my spouse became the co-beneficiary/trustee of several trusts. We have received the k1s and want to finish our taxes. We aren’t sure about how the state taxes work. We do our own taxes with TT. Do we file and pay taxes in our home state or the sta...
by Winnie
Tue Mar 17, 2020 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Wash sale rules for trusts
Replies: 12
Views: 525

Re: Wash sale rules for trusts

Thanks to Celia and Gill for their responses. Bogleheads members are very generous with sharing their knowledge and I appreciate the help.
by Winnie
Tue Mar 17, 2020 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Wash sale rules for trusts
Replies: 12
Views: 525

Re: Wash sale rules for trusts

Bump. Interested in the answer. Similar situation.
by Winnie
Mon Dec 23, 2019 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion math and IRMMA
Replies: 16
Views: 1187

Re: Roth conversion math and IRMMA

Yes, the taxes will be paid out of a taxable account. I am not overly concerned about the taxes as our income will be less this year even with maximizing the amount converted to a Roth. I have paid estimated state and federal taxes using safe harbor rules based on last years taxes. There should be a...
by Winnie
Mon Dec 23, 2019 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion math and IRMMA
Replies: 16
Views: 1187

Re: Roth conversion math and IRMMA

Thanks to all who have responded. Diy60, thanks for the response. No state/local tax refund. No hsa. Thanks for mentioning the inflation index but I will work with 170,000 which will provide wiggle room. Dodecahedron, thank you for the response. I will definitely leave wiggle room. I have been track...
by Winnie
Mon Dec 23, 2019 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion math and IRMMA
Replies: 16
Views: 1187

Re: Roth conversion math and IRMMA

Kaneohe, thanks for the reply. So, to figure out the max Roth conversion I can make this year and stay under the irmma threshold I need to add w2 income (51000 minus 25000 403b contribution), all dividends (It does not matter, for this purpose, if some are qualified), all interest (taxable and tax e...
by Winnie
Sun Dec 22, 2019 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion math and IRMMA
Replies: 16
Views: 1187

Re: Roth conversion math and IRMMA

I calculated the MAGI for IRMMA by adding w2 income , taxable and tax exempt income, non qualified dividend income and subtracting $3000 of the capital loss. I did not add the qualified dividends. There is no other income. Thanks for your assistance.
by Winnie
Sun Dec 22, 2019 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion math and IRMMA
Replies: 16
Views: 1187

Re: Roth conversion math

First, let me express the #1 intent of this Question is to maximize the amount of Roth conversion and not trigger IRMMA tax in two year when my spouse turns 65. I need to figure out the MAGI for IRMMA. Second goal is to not jump from the 22% bracket to 24% bracket. Yes, 29000 is non qualified divide...
by Winnie
Sun Dec 22, 2019 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion math and IRMMA
Replies: 16
Views: 1187

Roth conversion math and IRMMA

This will be the first year for a Roth conversion and I want to get it correct. W2 inc 26000 Int inc(taxable +tax exempt) 24000 Ordinary dividends 29000 Qualified dividends 30000 Capital loss of 12000 No other income ( ira distribution, pension, or soc sec) magi =76000 I can convert 92,400 and stay ...
by Winnie
Mon Apr 22, 2019 10:19 am
Forum: Personal Consumer Issues
Topic: Montana / Wyoming Summer Trip Ideas
Replies: 29
Views: 2694

Re: Montana / Wyoming Summer Trip Ideas

OK one more time. I only thought I hit submit. Many Glacier campground in Glacier is really nice. If you can’t get a reservation you need to get there early in the day, and be lucky, to get a site. The kids might enjoy the boat ride across the lake and hiking back. The car museum in Deer Lodge, at t...
by Winnie
Fri Apr 12, 2019 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Questions on identity theft, fraud alert, credit reports, Chexsystems, etc.
Replies: 6
Views: 739

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

You might want to check with your homeowners insurance to see if you are covered for identity theft. Several years ago our household experienced tax related ID theft and our home owners set us up with a company that specializes in iD theft. The company representative walked us through the process, f...
by Winnie
Thu Mar 28, 2019 8:55 am
Forum: Personal Consumer Issues
Topic: Decent hiking/trekking clothing?
Replies: 50
Views: 2662

Re: Decent hiking/trekking clothing?

Wow, hiking in Peru sounds awesome.
Dont’t skimp on footwear, boots or socks. Also, make sure to break in the new boots.
REI, store brand and/or sale items.
Campmor.com
Local or regional big box sporting goods store and check out store brand.
by Winnie
Fri Mar 15, 2019 3:55 pm
Forum: Personal Consumer Issues
Topic: Fishing Kayak recommendation
Replies: 50
Views: 3126

Re: Fishing Kayak recommendation

You can investigate kayaks and equipment at paddling.net. They also have reviews. You might want to consider renting a couple of times to check out different brands. You might consider regular recreation boats vs fishing specific boats. Also, you will need to consider in your pricing the cost of PFD...
by Winnie
Wed Mar 13, 2019 8:27 am
Forum: Personal Consumer Issues
Topic: Tax return maybe lost in the mail
Replies: 12
Views: 1513

Re: Tax return maybe lost in the mail

I paper file taxes due to ID pin. I mailed certified to Fresno. It left the regional center and then was stick in limbo. After about two weeks I stopped in to local PO and enquired about where it might be and the post master said give it another week. It arrived later the next week.
by Winnie
Thu Jan 31, 2019 10:17 am
Forum: Personal Finance (Not Investing)
Topic: selling mutual funds-cost basis
Replies: 3
Views: 390

Re: selling mutual funds-cost basis

Bloom2708,
Thanks for the response. I sold a couple of stocks in January and have capital losses to offset the gains. I hope you are surviving the deep freeze.
by Winnie
Wed Jan 30, 2019 11:27 am
Forum: Personal Finance (Not Investing)
Topic: selling mutual funds-cost basis
Replies: 3
Views: 390

selling mutual funds-cost basis

Hello, New to the forum and I am grateful for all the information on the wiki and the forum q&a. I am planning to liquidate a couple of mutual funds, in a taxable account with Vanguard, this year. The plan is to exchange the funds, Strategic Equity (VSEQX), Windsor (VWNEX), and possibly Wellesley (V...