Search found 5030 matches

by Leesbro63
Thu Feb 22, 2018 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Safe to file taxes now?
Replies: 54
Views: 4120

Re: Safe to file taxes now?

PFInterest wrote:
Tue Feb 20, 2018 8:40 pm
It's more risky to wait.
Is this REALLY (still) true? Has anyone heard of the fraudulent return refund scheme in the last few years?
by Leesbro63
Thu Feb 22, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Safe to file taxes now?
Replies: 54
Views: 4120

Re: Safe to file taxes now?

Wondering if anyone has filed their personal income taxes for 2017. Has Vanguard ever issued a corrected 1099 for their brokerage? I don't want to file then receive a corrected 1099 and have to amend. Thanks I received at least 8 corrections on last year's Vanguard consolidated form - -the last one...
by Leesbro63
Wed Feb 21, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? ** How to deduct in 2018??
Replies: 83
Views: 3783

Re: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

So are you saying that if you have big interest and dividends, but no earned income, you are eligible for a big ACA premium subisdy?
by Leesbro63
Tue Feb 20, 2018 8:11 am
Forum: Personal Consumer Issues
Topic: Signed up for American Express - "Premium" car rental insurance
Replies: 46
Views: 2658

Re: Signed up for American Express - "Premium" car rental insurance

I helped a family member with a recent minor rental car accident. Once the insurers paid, the rental company hired a third party company to try to collect a few hundred dollars for loss of use. I told the company to please submit it to the insurer. They kept saying they did, but the insurer assured ...
by Leesbro63
Sun Feb 18, 2018 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Sams' Mastercard Cashback Check Arrive
Replies: 4
Views: 335

Sams' Mastercard Cashback Check Arrive

Anyone get their 2018 Sam's Mastercard Cashback check? It seems that I had mine in early Feb in prior years, but it's not here yet. Just checking with others.


Edit on Feb 21st: Mine did arrive today.
by Leesbro63
Sun Feb 18, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Question About The Kiddie Tax (Form 8615)
Replies: 2
Views: 229

Re: Question About The Kiddie Tax (Form 8615)

I looked at Form 8615 and can't quite figure this out. If the parent has dividend and capital gains income, how does 8615 figure that into the "Kiddie Tax"? It appears to just lump the child's unearned income onto the parent's taxable income, with no regard to the nature of the parent's income. I a...
by Leesbro63
Sun Feb 18, 2018 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Question About The Kiddie Tax (Form 8615)
Replies: 2
Views: 229

Question About The Kiddie Tax (Form 8615)

I looked at Form 8615 and can't quite figure this out. If the parent has dividend and capital gains income, how does 8615 figure that into the "Kiddie Tax"? It appears to just lump the child's unearned income onto the parent's taxable income, with no regard to the nature of the parent's income. I ad...
by Leesbro63
Fri Feb 16, 2018 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard REIT Fund Forms 1099
Replies: 10
Views: 577

Re: Vanguard REIT Fund Forms 1099

someone in our family holds the vanguard REIT fund in a taxable account.......and I do their income taxes every year. In past years, the REIT fund was included in the 1099-DIV along with the other Vanguard funds. for some reason Vanguard changed it this year, and 1099-Div's for the REIT fund will n...
by Leesbro63
Thu Feb 15, 2018 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 16769

Re: Number at which to stop worrying

I’ll give you an honest answer — $15 million. That leaves me with $10 million to buy TIPS to cover $250k per year (infl adj) for the next 40 years. And $5 million to aggressively grow for my kids and grandkids. But I’ll probably quit before I hit that number. Maybe. Nope. If we get a 1970s type or ...
by Leesbro63
Thu Feb 15, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: Short Term Tax Free Bond ETF
Replies: 9
Views: 764

Re: Short Term Tax Free Bond ETF

I am helping a family member who has a portfolio at TDAmeritrade. A big chunk of cash came into the account from another account recently. The money needs to be relatively stable, but can fluctuate a little...a little risk to get more than zero percent on a money market. I'm thinking some sort of s...
by Leesbro63
Wed Feb 14, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 16769

Re: Number at which to stop worrying

I guess there are acceptable and non-acceptable degrees of worry. Obsessing crosses the line.
by Leesbro63
Wed Feb 14, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 16769

Re: Number at which to stop worrying

From Dale Carnegie's book, "How to Stop Worrying and Start Living". There's a simple three-step technique that can help when you're besieged by personal or professional worries. First, ask yourself what's the worst that could possibly happen. Second, prepare to accept the worst. Finally, figure out...
by Leesbro63
Wed Feb 14, 2018 12:05 pm
Forum: Investing - Theory, News & General
Topic: Short Term Tax Free Bond ETF
Replies: 9
Views: 764

Short Term Tax Free Bond ETF

I am helping a family member who has a portfolio at TDAmeritrade. A big chunk of cash came into the account from another account recently. The money needs to be relatively stable, but can fluctuate a little...a little risk to get more than zero percent on a money market. I'm thinking some sort of sh...
by Leesbro63
Wed Feb 14, 2018 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax: How Do You Re-Order Interest & Dividends?
Replies: 4
Views: 513

Re: Turbotax: How Do You Re-Order Interest & Dividends?

Ace1 wrote:
Wed Feb 14, 2018 12:22 am
Re-entering is inefficient.
Open the forms, select sch B, get the cursor on the list, then click the edit menu item,
and select sort the rows.
It will be alphabetic.
This usually works for any table in the forms.
Ace
This was helpful and worked! But not for charitable contributions 🤷‍♂️
by Leesbro63
Wed Feb 14, 2018 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 16769

Re: Number at which to stop worrying

OP, 50 times your current annual expense. At 72K per year, it is 3.6 million. KlangFool A 65 year-old couple can get an inflation-adjusted annuity that kicks off $72K per year for $2M. At that point all the gyrations of the market are someone else's problem to worry about. Then you have to worry ab...
by Leesbro63
Tue Feb 13, 2018 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax: How Do You Re-Order Interest & Dividends?
Replies: 4
Views: 513

Turbotax: How Do You Re-Order Interest & Dividends?

How you you change the order of how interest and dividends are listed on Schedule B? For years this has bothered me, but I never really thought to just ask. Like most TT users, I start my current year by importing from the prior year. As a result, payers of interest and dividends gets listed in a ha...
by Leesbro63
Tue Feb 13, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard REIT Fund Forms 1099
Replies: 10
Views: 577

Re: Vanguard REIT Fund Forms 1099

livesoft wrote:
Tue Feb 13, 2018 8:05 am
I thought one was supposed to keep REIT funds out of taxable accounts, so one would not be getting any 1099s for them.
Generally that’s good advice. But there are exceptions
by Leesbro63
Tue Feb 13, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard REIT Fund Forms 1099
Replies: 10
Views: 577

Re: Vanguard REIT Fund Forms 1099

livesoft wrote:
Tue Feb 13, 2018 8:05 am
I thought one was supposed to keep REIT funds out of taxable accounts, so one would not be getting any 1099s for them.
Generally that’s good advice. But there are exceptions
by Leesbro63
Tue Feb 13, 2018 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard REIT Fund Forms 1099
Replies: 10
Views: 577

Vanguard REIT Fund Forms 1099

Are the Forms 1099 related to Vanguard REIT posted at this point?
by Leesbro63
Mon Feb 12, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: What are the chances of corrected 1099s?
Replies: 19
Views: 1207

Re: What are the chances of corrected 1099s?

Got mine today. However, my cost basis page downloaded from Vanguard and my 1099's cost were off by a whopping $80k. It's the 1st time I notice such a drastic difference. My Vanguard account is about 20 years old, so everything has been with Vanguard for a long time. None was transferred over. I'm ...
by Leesbro63
Mon Feb 12, 2018 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: What are the chances of corrected 1099s?
Replies: 19
Views: 1207

Re: What are the chances of corrected 1099s?

I sold shares of Vanguard REIT in my Vanguard mutual fund account (not brokerage). But there is no 1099-B. The site specifically says REIT related 1099 Forms won’t happen till mid February. Anyone get one by now?
by Leesbro63
Mon Feb 12, 2018 11:46 am
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 129
Views: 7156

Re: Are Password Managers Really Necessary?

How do I know if my password manager IS in the cloud? I actually assume it is. And if I want it to be not there, how does it work at my desktop computer? Yeah, I sound naive, I know. Which password manager and version are you using? On what platform/devices? I use the free version of DASHLANE on my...
by Leesbro63
Sun Feb 11, 2018 8:10 pm
Forum: Investing - Theory, News & General
Topic: Bond funds and stock funds, which one is riskier?
Replies: 50
Views: 4101

Re: Bond funds and stock funds, which one is riskier?

Plus there’s gonna be some tax due. Your numbers aren’t as bad as I thought but it was tough to get positive real returns during the LBJ to Reagan period. Maybe leveraged real estate. But we only know that in hindsight and the small investor had to work real estate as a business back then. No Vangu...
by Leesbro63
Sun Feb 11, 2018 4:53 pm
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 129
Views: 7156

Re: Are Password Managers Really Necessary?

Oh I love these password manager threads and I have read every one of them for the past 8-10 years. :D I use a password manager and I keep it off line and I would never put it in the cloud. I worked in IT most of my life and understand when the experts tell you to never do this or don't do that I l...
by Leesbro63
Sat Feb 10, 2018 4:49 pm
Forum: Investing - Theory, News & General
Topic: Bond funds and stock funds, which one is riskier?
Replies: 50
Views: 4101

Re: Bond funds and stock funds, which one is riskier?

Plus there’s gonna be some tax due. Your numbers aren’t as bad as I thought but it was tough to get positive real returns during the LBJ to Reagan period. Maybe leveraged real estate. But we only know that in hindsight and the small investor had to work real estate as a business back then. No Vangua...
by Leesbro63
Sat Feb 10, 2018 1:22 pm
Forum: Investing - Theory, News & General
Topic: Bond funds and stock funds, which one is riskier?
Replies: 50
Views: 4101

Re: Bond funds and stock funds, which one is riskier?

+1. KlangFool Not in a 1973-4 type situation Leesbro63, Please explain why not. It is only 2 years. KlangFool The whole period of BOTH stocks and bonds losing REAL value, and lots of it, was much longer. But those few years of the first oil shock was the epicenter. Leesbro63, Okay. How long was the...
by Leesbro63
Sat Feb 10, 2018 10:55 am
Forum: Investing - Theory, News & General
Topic: Bond funds and stock funds, which one is riskier?
Replies: 50
Views: 4101

Re: Bond funds and stock funds, which one is riskier?

Consider some of each mitigates the risk of each. +1. KlangFool Not in a 1973-4 type situation Leesbro63, Please explain why not. It is only 2 years. KlangFool The whole period of BOTH stocks and bonds losing REAL value, and lots of it, was much longer. But those few years of the first oil shock wa...
by Leesbro63
Fri Feb 09, 2018 8:55 pm
Forum: Investing - Theory, News & General
Topic: Bond funds and stock funds, which one is riskier?
Replies: 50
Views: 4101

Re: Bond funds and stock funds, which one is riskier?

KlangFool wrote:
Sun Sep 24, 2017 3:57 pm
Sandtrap wrote:
Sun Sep 24, 2017 10:10 am
Consider some of each mitigates the risk of each.
+1.

KlangFool
Not in a 1973-4 type situation
by Leesbro63
Fri Feb 09, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: How to pay college tuition from a 529?
Replies: 26
Views: 2068

Re: How to pay college tuition from a 529?

I've had a lot of experience with this. For Boglehead-type parents with at least upper middle class incomes, I suggest having the check made out to your kid or to the school. If the check is made out to the parent, it will be reported via Form 1099-Q in the parent's Social Security number. Which oft...
by Leesbro63
Wed Feb 07, 2018 2:11 pm
Forum: Investing - Theory, News & General
Topic: Stealing from the kids for our retirement [High valuations => depressed future returns expectations]
Replies: 54
Views: 5319

Re: Stealing from the kids for our retirement [High valuations => depressed future returns expectations]

The young are getting a bum deal on education costs, health care, health insurance, and in some areas, housing. Stocks and bonds? The market is what the market is. Perhaps. On the other hand, they'll live longer so their education will pay off longer. And while I, too, hate the annual period of hol...
by Leesbro63
Wed Feb 07, 2018 7:09 am
Forum: Investing - Theory, News & General
Topic: Stealing from the kids for our retirement [High valuations => depressed future returns expectations]
Replies: 54
Views: 5319

Re: Stealing from the kids for our retirement

Not sure I buy Clements thesis. But kinda reminds me of how The Greatest Generation and early/oldest babybooomers saw the real value of their homes soar as later generations bid up property values.
by Leesbro63
Tue Feb 06, 2018 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about reporting an internship with a 1099-MISC
Replies: 36
Views: 1068

Re: Questions about reporting an internship with a 1099-MISC

This is just Schedule C income and he had a sole proprietorship That means he will have to pay FICA/medicare taxes, too. He had a small consulting business, so kudos to him. Make him read IRS Publications about small businesses such as Publication 334. I did some computer programming for a NASA sub...
by Leesbro63
Mon Feb 05, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Additional Risks of Margin Accounts
Replies: 9
Views: 484

Re: Additional Risks of Margin Accounts

I'm the original poster. I posted this because I seem to recall reading that margin accounts were more risky because brokers can lend the shares. EVEN IF YOUR MARGIN BALANCE IS ZERO. And particularly if over the SIPC limit, the account owner can harmed because they signed the margin agreement allowi...
by Leesbro63
Mon Feb 05, 2018 9:54 am
Forum: Personal Consumer Issues
Topic: Equifax Unlocked Me And IRS Account
Replies: 5
Views: 865

Re: Equifax Unlocked Me And IRS Account

Note that the IRS switched from using Equifax to using Experian after the Equifax hack. Sounds to me like the missing Equifax freeze is probably a separate issue. This is VERY useful info. I suspect this is the problem. Of course, it might be asking too much for to expect them, like with a private ...
by Leesbro63
Mon Feb 05, 2018 9:52 am
Forum: Personal Consumer Issues
Topic: Equifax Unlocked Me And IRS Account
Replies: 5
Views: 865

Re: Equifax Unlocked Me And IRS Account

Was your credit locked or frozen at Equifax? If merely locked, then you may have identified another reason why a freeze is superior to the various "lock" options offered by the credit bureaus. I thought they were the same thing. What's the difference. I believe it was "Frozen", but perhaps not. At ...
by Leesbro63
Mon Feb 05, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Additional Risks of Margin Accounts
Replies: 9
Views: 484

Additional Risks of Margin Accounts

Years ago, I opened a margin account at ETrade. I don't trade on margin, but the idea of being able to borrow against it, for some short term cash flow need, seemed good. I've never used it. I am thinking about moving some big dollar securities amount to get the bonus. I am wondering if margin accou...
by Leesbro63
Sun Feb 04, 2018 9:04 pm
Forum: Personal Consumer Issues
Topic: Equifax Unlocked Me And IRS Account
Replies: 5
Views: 865

Equifax Unlocked Me And IRS Account

I have been trying to open a personal account with the IRS to see what Forms 1099 have been filed in my SS number. I never knew you could see this info like that before. That being said, the IRS site keeps telling me that it can't complete my request and to try again later. So on another thread, som...
by Leesbro63
Sun Feb 04, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Seeing Forms 1099 Filed With The IRS
Replies: 6
Views: 553

Re: Seeing Forms 1099 Filed With The IRS

jebmke wrote:
Sun Feb 04, 2018 3:30 pm
SSA hits Equifax I think.
Great info. Thank you.
by Leesbro63
Sun Feb 04, 2018 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Seeing Forms 1099 Filed With The IRS
Replies: 6
Views: 553

Re: Seeing Forms 1099 Filed With The IRS

jebmke wrote:
Sun Feb 04, 2018 3:21 pm
I know the credit lock was an issue when I tried to set up an online account with Social Security last year.
Good tip.

Maybe I'll unlock it. Any guess which would be the first of the 3 bureaus to unlock first as the most likely?
by Leesbro63
Sun Feb 04, 2018 3:20 pm
Forum: Personal Consumer Issues
Topic: Using DASHLANE Password Manager
Replies: 7
Views: 879

Re: Using DASHLANE Password Manager

Another question. Some of my sites, particularly CITICARD, instead of my "Log In" User ID, what comes up is "IDENTITY" with my first name. ANd I can't figure out how to make it not do that. There is no DASHLANE customer call in number.
by Leesbro63
Sun Feb 04, 2018 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Seeing Forms 1099 Filed With The IRS
Replies: 6
Views: 553

Re: Seeing Forms 1099 Filed With The IRS

Falcon2018 wrote:
Sun Feb 04, 2018 2:51 pm
First place to look is your IRS transcript...

https://www.irs.gov/individuals/get-transcript
Thank you. I got so far then it says "try again later". Sunday issue? No other info given. My credit is locked...might that have something to do with it
by Leesbro63
Sun Feb 04, 2018 12:41 pm
Forum: Investing - Theory, News & General
Topic: Blood in the water- buying?
Replies: 117
Views: 15937

Re: Blood in the water- buying?

Cosmo wrote:
Sun Feb 04, 2018 7:36 am
harvestbook wrote:
Sat Feb 03, 2018 10:02 am
600 dow points ain't what it used to be

Not your father's 600 Dow points!
Exactly. How many 2.5 percent down days since 1993? Way more than the number of 600+ point down days.
by Leesbro63
Sun Feb 04, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Seeing Forms 1099 Filed With The IRS
Replies: 6
Views: 553

Seeing Forms 1099 Filed With The IRS

On another post, someone mentioned being able to see, on the IRA website, the entire list of Forms 1099 filed under one’s Social Security number. This was news to me and I’m surprised it’s never been discussed here. I would think this would be standard procedure in prudent tax return preparation, to...
by Leesbro63
Sat Feb 03, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: Bank signup bonus 1099
Replies: 36
Views: 2476

Re: Bank signup bonus 1099

If you create an account on the IRS website you can view all the 1099s that were reported to the IRS as well as other information.I always check this because mistakes are made .For 2016 tax year I caught a mistake where the same 1099 was sent twice. Really? I never have heard of this, the part abou...
by Leesbro63
Sat Feb 03, 2018 7:14 am
Forum: Investing - Help with Personal Investments
Topic: "Muni Bonds Time Bomb" Barron's
Replies: 47
Views: 4829

Re: "Muni Bonds Time Bomb" Barron's

There was another article in the Feb 2nd edition of the WSJ, which I cannot access. "Climate Change Could Swamp Your Muni Bond Portfolio". Of course we con't debate climate change here, but it would be nice if someone could summarize the investing issues presented in this article, as it's a timely a...
by Leesbro63
Fri Feb 02, 2018 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-G Turbotax Question
Replies: 11
Views: 665

Re: 1099-G Turbotax Question

But here's the difference in my case: My state tax refund 1099-G shows Line 1 as "Income Tax Overpayment". Yet the Turbotax Line 1 is for "Unemployment Compensation". The other forms cited for multiple uses have line numbers that don't get used or do get used, depending on what it's for. This is a ...
by Leesbro63
Fri Feb 02, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Can an inherited Capital Loss (not Gain) from a Trust be written off of an individual’s Capital Gain?
Replies: 3
Views: 291

Re: Can an inherited Capital Loss (not Gain) from a Trust be written off of an individual’s Capital Gain?

I am NOT a tax expert. But actually was reading up on this. It seems that if the trust allows invasion of principal, there might be a way to do this provided you do it from the beginning of the trust. And the election to pass through capitals gains and losses is irreversible in later years. The reas...
by Leesbro63
Fri Feb 02, 2018 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-G Turbotax Question
Replies: 11
Views: 665

Re: 1099-G Turbotax Question

But here's the difference in my case: My state tax refund 1099-G shows Line 1 as "Income Tax Overpayment". Yet the Turbotax Line 1 is for "Unemployment Compensation". The other forms cited for multiple uses have line numbers that don't get used or do get used, depending on what it's for. This is a s...
by Leesbro63
Fri Feb 02, 2018 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-G Turbotax Question
Replies: 11
Views: 665

Re: 1099-G Turbotax Question

Nevertheless, I am curious about there being two different types of Form 1099-G. Isn't that outside the usual paradigm? One is for Unemployment Insurance and one is for S&L tax refunds. Perhaps there are more.
by Leesbro63
Fri Feb 02, 2018 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Sell Bond Fund in Taxable for Loss?
Replies: 12
Views: 572

Re: Sell Bond Fund in Taxable for Loss?

I'm wresting with the same issue. The problem is I like the fund, esp Admiral shares. But I think it MIGHT be a decent MARKET TIMING (please don't shoot!) bet that interest rates will be the same or higher in 1 month. Meaning you could buy the fund back at the same or lower price, after the wash-sa...