Bogleheads.org

Got it Must do RMD first
Thank you

I would like to move TIRA assets to my Roth. Trying to figure out
how to coordinate with my RMDs. I usually do them late in the year
and want to do the rollover sooner.
Can I just pay tax on the transfer and do the rmd later?

Hurrah--They just added a delete button

I have read their bulletin but it won't go away
Every time I log in, there is a reminder at the bottom of the page.
Anyone else frustrated by this??

cowdoguote wrote:
Many banks will give you an ATM card upon request in lieu of a debit card. I have an ATM card for our bank accounts--rarely use it--probably less than once a year.

Didn't know there was a difference. Both of my banks gave me a debit card that I only use to access account.
I guess I need to ask them to change it

[q Because there was an overall gain on the sale, if you had used average basis rather than a cost basis, then there would not have been a wash sale.
[/quote]

That was my thinking in my original post.At my age, I'm simply liquidating index funds and don't need more complications.
For the time being, I'll keep my cost basis not planning on more puchases.
Thank you so much for helping out

If I sell my total fund balance that has short term losses in specific id, will that affect furure transactions? I'm thinking that I should switch to avg cost befor selling. Does this make sense? To answer the second question first, no it doesn't make sense. Specific ID is almost always superior to average cost. Notably, if you switch to average cost and then sell, you will lock yourself into using average cost until all shares of that mutual fund which you own are sold. On your first question, there are two ways it could affect future transactions. First, if you sell at a loss, you create the potential for wash sales if you rebuy that same fund within a 60-ish day window around the date of the sale which created the loss. Secondly, your t...

If I sell my total fund balance that has short term losses in specific id, will that
affect furure transactions? I'm thinking that I should switch to avg cost befor selling.
Does this make sense?

Thank you. I was in panic mode afraid I couldn't sell

From reading earlier post on TLH, I could have a major problem.
I hold comparable funds in taxable, Ira,&Roth. If I understand-selling
at a loss in the identical fund in another account, My loss could be disallowed.
Do I have that right?

Thank you Both

My bank sent 2 individual 1099's for seperate accounts. Can I simply combine them?
Or-will that flag a mismatch in their system?

I have a hunch my activity is the result of Last Pass breach last month.
Maybe??

e]

So do I understand that spam is going to your spam folder? If so, what is there to correct?

If that isn't the issue, can you clarify your complaint?
[/quote]

Yes spam is going to the right folder, but I had never received anywhere close to that number.
I might get 10-12 emails a day but in 2 days time today, I got 168. All meaningless.
It's not a big issue since they are easy to delete

I am suddenly getting bombarded with spam going ino that folder. In the past,
I usually sent umwanted mail there if I couldn't block sender.
It was never a problem till I suddently started getting hundreds.
Anything I can do to correct that?

If I name our daughter to my savings account as a joint owner, when does that become
a gift and require gift tax form

[quote="ote]

And it could also be caused by an automatic reinvestment of a dividend during the 30-day wait period.
[/quote]

I'm the OP and that is apparently what happened to me. The replys have gotten too complicated for me.
So-do I just disregard the wash sale and simply report the difference between cost basis and proceeds?

My 1099 shows a disallowed wash sale. What is that and how do I report it?

Thank you all but this has gotten too technical for me. I will study the link to
"how to use google" later.
For now, I've changed my password. Again, I don't use any features but search and gmail.
Is the password change enough for now??
Thank you for your patience

I use google for searches but get frustrated with notices on my account.
A few minutes ago they informed that someone tried to access my account
that they blocked. Then-be sure to change your password.
Why do I even need an account??

Thank you-Finally got a legible printed page

Has anyone figured out how to print account balances on one page?
Let me explain--I see the balances on the computer-but when I print that page
it gets cut in half.
I've tried margins etc with no succes

WAROB wrote: ↑Thu Dec 15, 2022 1:55 pm The estate tax will kick in once the surviving spouse passes. T

Are you saying there is no estate tax at the first death

Wife and I are below taxable threshhold if our total estate is split 50-50.
However, it just occurred to me that the largest asset is my IRA account
with wife beneficiary.
Is that considered community prop? We would be over the 2.2M if it's not deductible?
Am I making any sense?

Thank for the very helpful link

Doe it make any difference whether you name a beneficiary or designate POD?
Also- non spousal heir needs to take RMDs - right? Are they taxable or just intended to
reduce the assets.

I typically write a check for gifts. However, I now will be gifting larger amounts[ie 100K].
Does this create a red flag for gifting or receiving bank? I plan to file gift form 709.
Any suggestions?

[Thread merged into here --admin LadyGeek]

When I cash in some bills at maturity, can I treat that as a CG or will it be reported as interest?

It is common for tier 1 and tier 2 drugs to not be subject to the deductible so that's one possibility and even if they are not many generics cost the insurance company less than 20.00 so the deductible doesn't come in to play.

disclaimer licensed agent.
[/quote]

Thank you that makes sense.

Could somebody explain the $505 deductible. My drug costs are shown as roughly $250.
Yet they show that as my yearly cost[plus prem] even though I don't pass the Ded.
Doesn't make sense

Thank you all for the advice. Got what I needed
I feel there have been to many changes on their site that don't help

ote]

Look at the transaction history for the IRA in question. Pay particular attention to withdrawals.

Regards,
[/quote]

Yes-I have done that. From fuzzy memory, I recall getting one report showing the RMD and the
withdrawals to date. Now I can't even find their suggested RMD.

I'm finding it impossible to get my RMD history.
Any idea how to get that info?

All very true and I'll be doing that for almost 20 years when I'll be past 100.
Why sell more and search for an acceptable alternative. I like the funds with
the losses and hope they recover.

[quote
I always take capital losses when I have them. They carryover forever -- well, at least until you croak.
[/quote]

What is the benefit of taking more losses if you only deduct 3K this year.
I can always start over next year and in the meantime hope for some recovery.
By the way, I only do this in taxable

Thank you for an excellent explanation. As you guessed, I don't need more CL this year.

If I exchange a fund with cap loss into another, is that recorded as a loss?
I'm dreaming that it might just reduce my cost basis in the new fund

I assume selling at a profit does not impact buy backs like tax loss harvestin/
Am I correct?

I'm the husband who can log in. Just tried it again,
However,my wife cannot after at least a dozen attempts.
PS I do the entries for her

AB609 wrote: ↑Thu Oct 13, 2022 1:04 pm logged in yesterday with no problem.

Very strange. I logged into my account but wife is not having any luck.
Same computer and browser

Have tried all week to log in but no luck so far. My husband logged
in on first try earlier this week.
An earlier post revealed this is happening to many. Any more news???

Hebell wrote: ↑Tue Oct 11, 2022 6:14 pm Odd, one account logs in fine. The other does not. Also tried on a new browser, no stored cookies. It still says "unavailable". I also tried on an incognito window, and it also says unavailable.

Worrisome. I will try again tomorrow.

The same has happened to me over 3 days with no luck on wife's account.
Just sent them a text and curious if I hear from them.

I bonds pay based on inflation (CPI-U) changes and purchases are generally limited to $10k in a year.[/quote wrote:
The problem with investing in I bonds is that its $10k/person. Generally I'm wanting to invest $160k, not $10k.

Isn"t this whole topic the same for Treasuries that don't have the 10K limit?

Thank you for the explanation

I use specific id on the V brokerage accts. What happens to my cost basis if I convert to etf?
I'm perhaps being paranoid, but wonder if my old cost basis will remain or the new piurchase
cost?
Hope my question makes sense

I am going nuts trying to print balances and holdings. In the past , I could print on 1 or 2 pages.
Now, I get info on half per sheet and lots of waste.
I/ve changed the browser zoom which works on the screen but not when I print.
Please help a non techie

sport wrote: ↑Mon Aug 29, 2022 9:52 am When we wanted to change dentists, we asked a periodontist (gum specialist dentist) for 3 recommendations for general dentists. A periodontist gets to see the work of the general dentists and should have an educated opinion on the quality of their work. I selected one of the three recommended and my wife selected another one from the list. We have both been very happy with our choices. They are honest and the quality of their work is very good.

Not exactly on the subject, but who does your periodontal maintence. It always amazes me when a general dentist charges for that when done
by the regular hygenist in no more time.

Thank you all for a very thorough explanation. I'm clear with minimal paperwork
at tax time. I was not aware I could show "various" for purchase dates.

If I use specific id for my cost basis, do I have to itemize a sale of 6 fund transactions?
Or can that be reported as one sale even if differerent holding periods.
Hope this makes sense