Search found 3 matches

by McMillion
Tue May 19, 2020 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7057
Views: 471633

Re: Refinance Mega Thread

Closed over the weekend on a 2.375% 15 year for $2200 all in (waived appraisal). Northpointe. $250k loan, home value $700k+. Total time from submitting application to closing was 30 days, and I have to say a very smooth and easy process. We considered a 30 year, but can afford the 15 year and still ...
by McMillion
Fri Feb 14, 2020 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Is money liquidated from inherited mutual funds reportable to IRS?
Replies: 12
Views: 1363

Re: Is money liquidated from inherited mutual funds reportable to IRS?

Thank you all for the input. I asked the Executor (my BIL) and he said he wasn't sure about taxes. The stock mutual funds were liquidated and put into the deceased's estate account with a new EIN obtained by the Executor. The the Executor wrote checks of equal amounts to the deceased's children from...
by McMillion
Thu Feb 13, 2020 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Is money liquidated from inherited mutual funds reportable to IRS?
Replies: 12
Views: 1363

Is money liquidated from inherited mutual funds reportable to IRS?

I received cash from the Executor of my Father-in-law's will. The cash, as I understand it, was from the sale of my Father-in-law's stock mutual funds (in a taxable account, not an IRA). Because my Father-in-law had no beneficiaries identified on his investment account, it took about 8 months from h...