Search found 24 matches

by is1971
Tue Mar 13, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Home Office Deduction - Do I Qualify?
Replies: 6
Views: 879

Re: Home Office Deduction - Do I Qualify?

A deduction for employees is generally limited by the 2% rule (expenses must be greater than 2% of your AGI), as you have no Schedule C income to write off against. Anyway your home office is likely not for the "convenience of your employer", it's your lifestyle choice. See https://www.hrblock.com/...
by is1971
Mon Mar 12, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Home Office Deduction - Do I Qualify?
Replies: 6
Views: 879

Re: Home Office Deduction - Do I Qualify?

Commuting is impossible - so this is the only option for you if you wish to work for this company (other than moving). This is your principal place of your business and you use it for regular and exclusive business work. IRS requirements Requirements to Claim the Home Office Deduction Regardless of...
by is1971
Mon Mar 12, 2018 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Home Office Deduction - Do I Qualify?
Replies: 6
Views: 879

Home Office Deduction - Do I Qualify?

Hi, Apologies in adavnce if this is off-topic. If it is, please feel free to remote it. Anyway, I’m slogging through my taxes and I’m wondering if I qualify for the home office deduction. I’ve always passed on it because even setting aside whether my situation qualifies or not, the paperwork and cal...
by is1971
Fri Feb 02, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: Original Bases on 1099?
Replies: 3
Views: 507

Re: Original Bases on 1099?

Thanks ivk5. Now that you mention it I'm sure that that's what's going on. I looked back at my records and in fact there was a non dividend distribution for this fund in 2016. I adjusted the basis in my records for a single trade to account for the distribution. It seems as though Wells Fargo is spr...
by is1971
Fri Feb 02, 2018 3:12 am
Forum: Investing - Theory, News & General
Topic: Original Bases on 1099?
Replies: 3
Views: 507

Original Bases on 1099?

Hi, I recently received my consolidated 1099 for my brokerage account with Wells Fargo. Everything seems to be in order, though there is one strange bit that has me curious. For each of the trades I made in one fund (VIPSX) and only that fund, the 1099 lists a basis which is slightly different than ...
by is1971
Tue Sep 05, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Assigning Tax Lots to Mutual Funds
Replies: 10
Views: 891

Re: Assigning Tax Lots to Mutual Funds

Okay. I think that I've finally got all of this straightened out. I just wanted to take a moment to everyone who offered advice in this thread. It is really appreciated.
by is1971
Fri Sep 01, 2017 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: Assigning Tax Lots to Mutual Funds
Replies: 10
Views: 891

Re: Assigning Tax Lots to Mutual Funds

The 1099 reported the sales against purchases made in 2008. Does the 1099 from the brokerage also indicate that the basis reported on it was not reported to the IRS? That should be the case with mutual funds. However, that does not completely get you off the hook of filing an amended return. When s...
by is1971
Fri Sep 01, 2017 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Assigning Tax Lots to Mutual Funds
Replies: 10
Views: 891

Re: Assigning Tax Lots to Mutual Funds

Because you had the mutual funds for eight or nine years and for the first three or four years distributions were reinvested, it sounds as if the shares purchased by reinvesting the distributions were purchased before the start of 2012. In that case, they are noncovered shares and the brokerage doe...
by is1971
Fri Sep 01, 2017 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: Assigning Tax Lots to Mutual Funds
Replies: 10
Views: 891

Re: Assigning Tax Lots to Mutual Funds

IRS rules state that mutual fund shares are sold first-in first-out unless you specifically identify to your brokerage which shares you want to sell by their purchase date. It seems to me you made an incorrect assumption and maybe did not read the instructions to the IRS forms and also the IRS publ...
by is1971
Fri Sep 01, 2017 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Assigning Tax Lots to Mutual Funds
Replies: 10
Views: 891

Assigning Tax Lots to Mutual Funds

Hi, I have had a brokerage account with Wells Fargo for eight or nine years in which I hold exclusively Vanguard mutual funds. For the first three or four years I had the account set to reinvest divs for all of the funds. At some point, I realized the amount of work associated with tracking the basi...
by is1971
Sun Aug 13, 2017 10:44 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard funds with the highest minimum investment
Replies: 15
Views: 3254

Re: Vanguard funds with the highest minimum investment

I don't mean to hijack this thread, but I also don't want to start a new one for such a basic question and it kind of seems close enough to throw in here. Anyway, I had never heard of Vanguard Admiral shares before a couple of weeks ago and there is one point that isn't clear to me. Are they only av...
by is1971
Sun Aug 13, 2017 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Help me with my portfolio / strategy please :)
Replies: 11
Views: 1456

Re: Help me with my portfolio / strategy please :)

So, I finally have a break from work and am back working on this. I've had a look at the 1099s for my taxable accont for the last couple of years and here are the rough numbers from 2016 along with the last extra column which would be my long term capital gains were I to liquidate the entire positio...
by is1971
Mon Jul 31, 2017 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Say Bye Bye To Wells Fargo Advisors?
Replies: 30
Views: 4562

Re: Say Bye Bye To Wells Fargo Advisors?

I'm a big fan of Wells Fargo do-it-yourself WellsTrade brokerage which is free for me, but I would never recommend using one of their advisors sales reps to have anything to do with my money. Yes, I hold Vanguard funds in my WellsTrade brokerage accounts. Nobody has tried to sell me anything and my...
by is1971
Mon Jul 31, 2017 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Help me with my portfolio / strategy please :)
Replies: 11
Views: 1456

Re: Help me with my portfolio / strategy please :)

Positions that make up less than 5% of assets won't have a significant impact on your return, but will make it more complex. So a first step could be to sell yoir small positions in the 401(k) and move the money to the Vanguard bond fund. The taxable account may require moves over multiple years to...
by is1971
Mon Jul 31, 2017 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Help me with my portfolio / strategy please :)
Replies: 11
Views: 1456

Re: Help me with my portfolio / strategy please :)

Positions that make up less than 5% of assets won't have a significant impact on your return, but will make it more complex. So a first step could be to sell yoir small positions in the 401(k) and move the money to the Vanguard bond fund. The taxable account may require moves over multiple years to...
by is1971
Mon Jul 31, 2017 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Help me with my portfolio / strategy please :)
Replies: 11
Views: 1456

Re: Help me with my portfolio / strategy please :)

I would look up the cost basis on everything in taxable. Decide which to get rid of due to high taxes (check your 1099s and 1040 tax return) vs. CG/CL (cost to sell). Bonds yield dividends taxed at your regular tax bracket. CG and qualified dividends at CG rates (usually 15%). Bonds often don't hav...
by is1971
Mon Jul 31, 2017 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Help me with my portfolio / strategy please :)
Replies: 11
Views: 1456

Re: Help me with my portfolio / strategy please :)

If you want to simplify your portfolio and decrease your equity exposure, you could do something like this: Taxable Account: Vanguard Total Stock Market Index Admiral Shares (VTSAX) - 60% of taxable account. Vanguard Total International Stock Market Index Admiral Shares (VTIAX) - 40% of taxable acc...
by is1971
Sun Jul 30, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Help me with my portfolio / strategy please :)
Replies: 11
Views: 1456

Help me with my portfolio / strategy please :)

Hi, I am looking for some advice on my portfolio. Here are the numbers: Taxable Brokerage Account VWO VANGUARD FTSE EMRG ETF 11.4% VPACX VANGUARD INTL EQTY INDEX 9.3% VFINX VANGUARD 500 INDEX INV 9.0% VEXMX VANGUARD INDEX TR EXTD 6.1% VIPSX VANGUARD INFLATION PROT 5.8% VEURX VANGUARD INTL EQTY INDEX...
by is1971
Tue Jan 25, 2011 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Replacement for VEIEX
Replies: 16
Views: 2716

Re: Replacement for VEIEX

Does anyone else have issues with the oxymoron in calling a lazy portfolio that has 11 funds (something like this)? - 20% in Vanguard Emerging Markets Stock Index (VEIEX) - 15% in Vanguard 500 Index (VFINX) - 15% in Vanguard Pacific Stock Index (VPACX) - 10% in Vanguard Extended Market Index (VEXMX...
by is1971
Tue Jan 25, 2011 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Replacement for VEIEX
Replies: 16
Views: 2716

According to the other current thread on WellsFargo (and mailings sent to all account holders) they are in the middle of changing their software and moving the WellsTrade platform to their sister company WFA. They are having some problems with this move as noted here: (note: link removed due to new...
by is1971
Tue Jan 25, 2011 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Replacement for VEIEX
Replies: 16
Views: 2716

It is, then, important for the original poster to pin down whether the issue with VEIEX is permanent, as in WellsTrade doesn't love VEIEX any more, or whether it's just a temporary glitch that might well be sorted out in a few days, weeks, months... This is a good point. The trader I talked to who ...
by is1971
Tue Jan 25, 2011 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Replacement for VEIEX
Replies: 16
Views: 2716

@nisiprius, One thing not discussed is "If I can't buy VEIEX and buy VWO instead, now I have two investments for the same thing. What a pain in the butt! What do I do to get back to one investment?" I will leave this to be answered by others and even perhaps by WellsFargo. This really doesn't bothe...
by is1971
Tue Jan 25, 2011 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Replacement for VEIEX
Replies: 16
Views: 2716

Thanks a lot everyone and especially nisiprius for your detailed reply. It looks like I'll be going with VWO as a replacement (assuming it's available). I do have one quick follow-up question which I think was addressed in the links livesoft supplied but I just want to be sure. When I purchase the s...
by is1971
Tue Jan 25, 2011 12:39 am
Forum: Investing - Help with Personal Investments
Topic: Replacement for VEIEX
Replies: 16
Views: 2716

Replacement for VEIEX

Hi, I have a brokerage account with Wells Fargo in which I maintain one of Ted Aronson's lazy portfolios which comprises 11 Vanguard mutual funds. It is this one to be exact: (Note: I had to remove the link to the lazy portfolio because the site wouldn't allow it) Every month I rebalance by buying m...