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I always report everything correctly on my tax return to the best of my knowledge. That is what I am attesting to when I file.

Rezgrrl wrote: ↑Thu Mar 30, 2023 5:52 pm I'm not trying to over ride. I'm just trying to enter other income that's not listed in the programs.

Just find an input that gets the income to the proper line on the schedule. The programs don't e-file the questions.

SEC Yield

I do estimated taxes. I set up quarterly payments in EFTPS and they debit my bank on the dates I specify.

mas wrote: ↑Thu Mar 30, 2023 4:37 pm H&R block software lets you see the raw forms and if you right click, you can override the automatic value with your own. I cannot guarantee that you'll be able to efile if you override an important value.

I don't know about 2022 but in prior years you could not efile if you override.

I don't even give solicited investing advice. Too much downside.

LilyFleur wrote: ↑Thu Mar 30, 2023 3:05 pm

Jack FFR1846 wrote: ↑Thu Mar 30, 2023 2:37 pm

RealSunset wrote: ↑Thu Mar 30, 2023 1:57 pm Not on Facebook either, so I don't know about this but I wonder if Facebook has some sort of "parental control". For your parent...

They do. Go to her and have her get into Facebook. Delete her account and tell her she's all set. I did that with my own account a decade ago.

For some elderly folks, Facebook is a way to keep up on friends and family. Deleting her account could be hurtful for her.

Perhaps she needs a device she only uses for social media, with unique passwords (not used for banking, etc.) And 2FA for all social media. And a gmail account only used for social media logins.

maybe a burner tablet for FB only with a burner email address.

If they get an ACH reject, the most likely outcome is a paper check. To my knowledge they will not try to fix this and resend.

life in slices wrote: ↑Thu Mar 30, 2023 1:18 pm I believe Brave browser blocks most of this as well

Brave has pretty good blocking and I have been able to block Facebook and Twitter entirely.

Please provide a link to your reference.

billfromct wrote: ↑Wed Mar 29, 2023 6:52 pm Having a copy of a passport will help in getting a new one at a U.S. embassy in a foreign country since it has all the passport information needed such as passport number, birth date, etc.

I didn’t say it could be used at a foreign or U.S. point of entry.

Having a copy is better than not having anything at all.

bill

I was referring to BCs. Fake BCs can be obtained in less than 30 minutes. I agree; PP info might help consul expedite you but from experience a photo copy of a BC is next to useless.

Why would you need the old passport? Did you make copies of the birth certificate & old passport before you mailed them in to get the new passport? I probably have 4 or 5 of my old passports & there has never been a time when I have been asked to produce an expired passport. I do have a copy of my present passport stored with my expired passports & always keep a copy in my luggage when I travel internationally just in case I lose my passport & have to go to the U.S. embassy to have a new one created. bill Photo copies of BCs are generally useless. Nobody will accept them. Same with marriage certs. I had to get a raised seal marriage cert to apply for spousal Social Security. The one time I needed my BC I needed one with an ...

OnTrack2020 wrote: ↑Wed Mar 29, 2023 5:28 pm

jebmke wrote: ↑Wed Mar 29, 2023 5:14 pm

OnTrack2020 wrote: ↑Wed Mar 29, 2023 5:12 pm Qualifying dependent??

Could be but if it isn't claimed, it seems unlikely that the IRS has information with which to make an adjustment. Qualified Other Dependent is something you have to assert on the return.

You are correct--that's for federal taxes. How about the NYC enhanced property tax credit? OP, do you live in NYC?

or, is NYS one of those states that distributed Covid funds ?

edit, that might be it. The IRS issued instructions on whether the state payments were taxable on Federal (generally no). NY is listed on their list

https://www.irs.gov/newsroom/irs-issues ... -taxpayers

OnTrack2020 wrote: ↑Wed Mar 29, 2023 5:12 pm Qualifying dependent??

Could be but if it isn't claimed, it seems unlikely that the IRS has information with which to make an adjustment. Qualified Other Dependent is something you have to assert on the return.

When that happened to me, different but very round number, it turned out I missed that I had made a Q4 estimated payment and had not entered it when preparing my return.

Round numbers tend to be easy to spot. The first place I'd look is withholding or estimated tax payments.

For example, 3s and 8s can sometimes look alike on paper and it may be that you entered something with "8" on the paper form in the hundreds column as "3" creating a 500 difference.

MFS rarely helps. At this point, without taxable compensation, I doubt there are any viable options.

You should be able to replace the BC from the state of birth. When I was moving out of the US, I needed a BC with a state apostille which I was able to request from the state I was born in.

Inflation affects all dollars the same. It has no way to know where the money came from.

As you note, the payoff from annuities is partly the return of the original investment. Annuities are essentially an insurance product wrapper. If you need longevity insurance they can be worthwhile.

One of the reasons I like to do this is I like to measure my portfolio in terms of years of estimated expenses. But the portfolio will inflate as well. So unless you are assuming different rates of inflation for the two numbers, you will get the same answer skipping the intermediate step of forecasting the unknowable. I am not trying to forecast the future, I am trying to keep my estimate up to date and this is the method I chose and it fits well with how SS adjusts. I hope my portfolio inflates as well, I hope it inflates at a rate well in excess of inflation (I know all my TIPS holdings will have a higher rate than inflation). But for a few years now I have based my planning off an expectation of 0% real growth of my portfolio. if it wor...

When I think back to the most satisfying gift I made, it was to support the non-profit day care center my kids were at many years ago. Gifts were collected each November for a year-end party and bonus for the workers. My gift was a stretch financially at the time. I think what made it so satisfying is I knew where the money was going, really liked the teachers and had a personal connection as a board member and parent of children in the program too. This, IMO. Someone here on Bogleheads once answered the "how much should I save" question with "save until it hurts, then save a little more". Giving should be the same way. I did'nt think about the psychological impact from making one large gift versus a weekly gift before ...

TheTimeLord wrote: ↑Wed Mar 29, 2023 11:25 am One of the reasons I like to do this is I like to measure my portfolio in terms of years of estimated expenses.

But the portfolio will inflate as well. So unless you are assuming different rates of inflation for the two numbers, you will get the same answer skipping the intermediate step of forecasting the unknowable.

Opera Lover wrote: ↑Wed Mar 29, 2023 10:55 am Thank you all for your advice - you confirmed my suspicion that this proposal is not in our best interest.

Glad to hear. Your initial instincts were correct: "Why should I pay 1% plus incur taxes to solve a problem that doesn't appear to exist."

Watty wrote: ↑Wed Mar 29, 2023 9:04 am One thing that you should do while you are laid off is take trips to other parts of the country to see if there are other parts of the country that you could get excited about moving to and then look for a job there. If you have only lived in expensive areas you get used to the high prices and get a big numb to them.

Easier said than done with a spouse or partner who is working in same location now. Don't get hung up on the distinction between spouse and partner - it isn't what it used to be.

mark_in_denver wrote: ↑Wed Mar 29, 2023 8:14 am Volunteer your time to helping others...

Although we make substantial financial donations, my time volunteering with TaxAide is perhaps the most satisfying.

I would say the important distinction with what you're asking is US government bonds vs corporate bonds.. We generally assume US gov bonds are as safe as it gets, so pricing at the short end is all about rates, and at the longer end, where we expect rates to be in the future (which tends to have a lot to do with inflation and to some extent growth, and where we expect policy rates to be). Corporate bonds behave more like stocks. So as rates climb, the value of today's corporate bond and stocks earnings yields become relative better or worse value (as you describe), then the market prices in an additional layer of risk: the chance of that business being able/not to keep earning enough to compensate holders of its equity/debt. I would say th...

I don't; I just assume things will probably be about the same going forward (in real dollars) and if I believe I know of something significant that will change, I incorporate the change. The biggest factor that changes in the future is income taxes for me.

However, I'm really only thinking in terms of averages. If I look back at 15 years of history, our expenses were extremely variable year to year -- much more variable than I would have thought going in.

OP Why are you attracted to buying at this time? You could have bought any time before or could buy in future The prices are lowering now in the Bay Area and the mortgages are very high so all cash seems like a good idea. Also this house is fairly new in an area that has mostly older houses coming on the market, but let's say that's not going to be the only newer house. I can wait until the job situation becomes more clear though, house is not an urgent need - just wanted to check if I'm missing out big time by not taking advantage of the lowered prices. Obviously nobody knows how far things are going to unravel in tech but it isn't impossible that the major employers keep removing employees in layers of 5-10% at a time until they find out...

Doom&Gloom wrote: ↑Tue Mar 28, 2023 7:38 pm I have made no plans for myself.

I love a good surprise!

I'm thinking of having them roll me out into the marsh. I was going to go go with cremation but the older I get, I find I'm less tolerant of the heat.

Until this year I always paper filed because you can't know for sure that what gets e-filed is an accurate representation of what would be paper filed. But this year I finally relented due to the significant delays encountered with paper filing. It appears to have worked fine. For a paper return, you can't know what the low level clerk entered when they retype your entire return in their system. My worst nightmare return was my 2009 which I had to paper file due to residual ex-pat items. They eventually had to admit that they lost the entire file and I had to resubmit. My refund, which was substantial due to 1341 deduction, arrived the summer of 2012. My e-file was accepted three minutes after it was transmitted this year. A new record. My...

ps56k wrote: ↑Tue Mar 28, 2023 11:44 am After thinking about it … for way future RMD time
Guess just have to have the end of year balance.
then wonder if Fidelity will offer their auto RMD calculator for the 403b account like they have on their IRA accounts.
Just full RMD amount added as normal income without the potential hassle of any 8606 forms…
Where exactly does the 403b withdrawal amount get entered on the 1040

Line 5

and please edit the subject

f35phixer wrote: ↑Tue Mar 28, 2023 9:56 am this ones in TENN.

What Binoculars do you use JEB for birding? Struggling on whether to spend money on bridge camera or just use my 10x42 to at least see the bird and get as good as i can with my 200mm lens.

Right now I'm using Leupold 8*42 for bins but I am about to pull the trigger on 10*42 (probably Zeiss). For waterfowl and shorebirds a scope is the only alternative. We have a couple of scopes. One of our regular birding friends has a huge camera so I don't do any photography except very occasional jury-rigged digiscope through one of the spotting scopes; the digiscoping is often not very good.

btw., wood warblers area starting to arrive in MD which is very early.

9/23 is six months and the annual rate is consistent with similar CDs being sold today on VG.

f35phixer wrote: ↑Tue Mar 28, 2023 9:42 am Angel the Leucistic Red Tailed Hawk - What a beautiful Hawk !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

https://www.youtube.com/watch?v=WQ0mCowoEUI

I saw one of those about three years ago in Wicomico County. It was a long way off and perched in a tree; at first we thought it was an early Snowy Egret in an odd place but when we got binoculars on it it was a nearly snow-white red-tail. I think there are RSs that also have this trait.

goshenBogle wrote: ↑Tue Mar 28, 2023 7:59 am Let me clarify...

I am NOT talking about the January distribution which would be for tax year 2023. I know the total dividends for tax year 2022 at the end of Dec 2022 but this is not the problem.

I do NOT know the "qualified dividends" and these dividends impact the tax due and are declared at the END of January 2023. The total capital gains for 2022 are also declared at the END of January 2023 and both are declared too late for the Jan 15 estimated tax payment.

Hopefully this clarifies my original question.

Yes; that is highly unusual though. What fund is that?

gavinsiu wrote: ↑Mon Mar 27, 2023 11:20 pm So everyone knows if the fed raises interest rate, bond value falls because existing bonds with lower interest rate are worth less. The reverse happen if the feds lowers rate.

This isn’t always true. FED rate is an overnight rate and bonds respond to longer rates. Longer rates may or may not move in concert with short rates.

livesoft wrote: ↑Mon Mar 27, 2023 7:20 pm If you are using an accountant or other professional to prepare your tax return, then ask them. If you are preparing your own tax return, then do what the professional would do for you yourself: Fill out a dummy tax return with the current tax-prep software and away you go.

With my H&R Block desktop version it is pretty easy. copy the 2022 file, rename, go in and jam in adjusting entries; I just pick a place that is either ordinary income or cap gain/div income to trigger the right tax calc. Close enough is good enough. Interest on small error is peanuts.

tenkuky wrote: ↑Mon Mar 27, 2023 6:53 pm Is it OK to file via paper due to this, and pay online to ensure confirmation of payment? No refund due, tax owed.

Yes; this is how I do it. File but pay via EFTPS (Direct Pay would work as well).

michaeljc70 wrote: ↑Mon Mar 27, 2023 5:21 pm I think cooking them on a grill make a big difference. Particularly over charcoal. I like bacon on my burgers. I usually make my own sauce which is usually a Smashburger type sauce or BBQ sauce but sometimes an aioli. I like my burgers fairly thick and not cooked passed medium. Toast the buns. Brioche buns are great. Sometimes I make my own buns, but not usually. If I make my own buns I make a bunch of them and freeze the extra.

I wouldn't use any beef with less than 20% fat. Too dry.

I’ve had no problem with dryness with as low as 10%. The key is to make them thick, don’t cook too long (pink, bordering on red) and never compact or smash which forces out all the moisture.

Hello I discovered that I probably made a mistake with a backdoor roth. My wife has a Rollover IRA in her account from an old 403b plan. That rollover has about $85,000 in it. She did not have a Traditional IRA otherwise, and the word "rollover" for some reason just borked my brain and I did not account for it as an IRA when I decided to do a backdoor roth. As such, in both 2021 and 2022 tax years I made a contribution ($6,000 each time) to an empty "Traditional IRA" and did a backdoor roth, completely forgetting and ignoring the old ira rollover sitting in an adjacent account. I have no clue what next steps are to resolve this. Any pointers would be greatly appreciated. OP, you need to clean this up. Your post is a mix...

I usually do a pro-forma tax return for the year and then adjust my ES payments. Most years I set up automatic payments based on the safe harbor. Half way through the year I assess my trajectory and might dial down Q3 and Q4. Certainly by January of 2024 I'll know 2023 with near certainty so I can adjust or even eliminate the Q4 payment.

I think this shortage of people to do home repairs is nation wide. I suspect it isn't so much a shortage of handyman rather than a shortage of what people are willing to pay a handyman more or the same as what they could earn doing something else. So many small projects take a lot of time to plan out, complete, and clean up after but from what I see, most people balk at paying very much over what materials cost. There are so many jobs needing people that pay better and are probably easier too, that in order to secure a handyman, one needs to shell out more money. The handful of people I know with handymen, all pay on a weekly basis regardless if needed or not. Just like a house cleaner or lawnmower service. Generally the handyman comes ove...

Also on cheeseburgers I don't care for American cheese. If they don't have Swiss, cheddar, pepper jack etc. I just order a hamburger. Imo, American is easily the best for a grilled cheese sandwich. For burgers, it's okay, but not my favorite. Blue cheese is my go to for a burger - add some extra peper - melt on some blue cheese - best flavor in my opinion. My wife doesn't agree - she prefers chedar and then topped with guacamole. She bought 5 cheese choices for our last cookout - everyone had a different preference on cheese mixed with rare/medium and I almost went mad trying to keep track of them all. Never again. 2 cheese choices max going forward. I rarely use cheese but blue is my first choice. Well sautéed mushrooms and then cheese ov...

Make your projects BIG, way BIGGER than you ever thought such as remodeling the entire home. Or sell "as is" and buy something more suitable. We just had our roof replaced and the exterior of our home repainted. Since the paint crews were on site, we convinced them to do a few additional things on the interior. OTOH, I just repaired myself the garage door opener and the lawn irrigation system. Neither were particularly hard to do. My friends who are your age do even more than me and lend me tools and sometimes help out. Of course, I reciprocate by lending out tools and helping them as well. I try to do the same. We have a pretty good contractor for remodels who is more than happy to address small fix-it stuff when I tack it on to...

This is also why we nixed the idea of ever owning a boat [same applies to second home]. Even if you have the skills, eventually the physical requirements will interfere as well.

The problem is widespread. My plan (I'm 70) is to get our house in shape to sell in the coming years and down size - perhaps to a condo or townhouse with minimal outside support needed and access to public transportation. Driving is also on my radar. I will not be one of those older drivers who should not be driving but is anyway.

pshonore wrote: ↑Mon Mar 27, 2023 12:29 pm Usually buy 90/10 Ground sirloin. Occasionally 85/15 ground chuck. Cooked on a hot Weber. Both fresh ground at a small local grocer. There's usually enough left over for one burger the next day. I've been noticing lately that the day old "aged" burger seems to taste better although I'm not sure why.

Might be drying. When I do burgers I try to make them up mid-afternoon and put them on a wire rack in the fridge - then take them out and let them warm up for a while before cooking.

"Teen" is a pretty wide range. At 19, required reading in my economics course was Random Walk (Malkiel) along with several early papers by Gene Fama.

50% ground beef/50% ground lamb also a good combination. Ground lamb tends to be lean but butcher can grind some lamb fat to blend in.

From time to time I will use 50% ground pork/50% country sausage mixed with ground toasted fennel seed; served with apples sauteed with chopped shallot.

Neither are technically burgers but cooked the same as a beef burger and a break from plain beef.

I'm not a fan of generalizations. So, I'm not sure what it means.