Search found 17564 matches

by rkhusky
Mon Mar 18, 2024 10:10 pm
Forum: Forum Issues and Administration
Topic: Rule Against Disparaging a Post or Question?
Replies: 11
Views: 1136

Re: Rule Against Disparaging a Post or Question?

Give a man a fish vs teach a man to fish.
by rkhusky
Mon Mar 18, 2024 10:03 pm
Forum: Personal Investments
Topic: Questions on Wash Sale?
Replies: 68
Views: 3627

Re: Questions on Wash Sale?

The conclusion from combining 56-602 and 71-316 is that there is a wash sale if there are shares remaining after a loss sale that were purchased within the wash sale period, unless the only remaining shares purchased within the wash sale period are from the same lot as those sold in the loss sale. I agree with that conclusion, assuming you mean 'if' and not 'if and only if'. But there are many other possible extrapolations that fit those two data points, including: - there's only a wash sale when the purchased shares are purchased earlier if the loss sale was from shares purchased on margin -the only (relevant) exception to the wash sale is when the shares are purchased as one lot -the reasoning in 56-602 doesn't apply in years that have a...
by rkhusky
Mon Mar 18, 2024 5:03 pm
Forum: Personal Investments
Topic: 529 Excess Conversion to Child's Roth IRA
Replies: 3
Views: 189

Re: 529 Excess Conversion to Child's Roth IRA

liz24 wrote: Mon Mar 18, 2024 4:59 pm I found this article helpful. I currently have a 2 year old, and while I was somewhat against a 529 plan due to a variety of reasons, I am now highly considering opening one.

https://www.forbes.com/sites/chriscaros ... 5b2c4624f9

"Beginning in 2024, excess funds in 529 plans can be converted to Roth IRA savings for your child. This change addresses the reluctance of many to use the 529 plan as a savings tool."

Given this new change with Secure 2.0, would anyone here still say they are a poor investment for those who have children?
Useful after you have maxed all your other available tax-advantaged retirement accounts.
by rkhusky
Mon Mar 18, 2024 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: IRS rollout of Login.Gov: any updates?
Replies: 24
Views: 3472

Re: IRS rollout of Login.Gov: any updates?

prd1982 wrote: Mon Mar 18, 2024 4:44 pm
808 wrote: Mon Mar 18, 2024 3:44 pm
The post I quoted and my response are in reference to the IRS site, https://www.irs.gov

The IRS website has NOT implemented login.gov, although they were planning to as of last year.

EFTPS is not the same, although both are run by the U.S. Department of the Treasury.
I just created my login.gov ID and it didn’t ask for any information to identify who I am. So if this is going to be used for IRS transactions that retrieve sensitive data (eg transcript), then the IRS a is going to have to add its own “prove who you are” mechanism. That is the major feature in ID.ME.
Perhaps try to get your SS report to see how it works with a government site.
by rkhusky
Mon Mar 18, 2024 2:47 pm
Forum: Personal Investments
Topic: Figuring Net Loss using Vanguard Cost Basis and Dividends?
Replies: 5
Views: 312

Re: Figuring Net Loss using Vanguard Cost Basis and Dividends?

framistat wrote: Mon Mar 18, 2024 2:02 pm
sailaway wrote: Mon Mar 18, 2024 1:41 pm If you are leaving funds in the account, net loss will be affected by dividends paid out for the rest of the year, not just what has paid out before the sale.
Understood. It will be a small number though, giving a cushion to ensure the loss doesn't exceed 3000.
Dividends don’t go on Schedule D. And only $3000 of capital loss can be applied against income, which includes dividends.
by rkhusky
Mon Mar 18, 2024 2:30 pm
Forum: Investing - Theory, News & General
Topic: More Evidence Against Factor Investing
Replies: 473
Views: 33852

Re: More Evidence Against Factor Investing

It is captured by the market factor. Growth stocks have market risk and less value risk relative to the total market Value stocks have market risk and more value risk relative to the total market Having less value risk obviously doesn't mean that growth stocks are not risky. It is obvious that historically the market factor is still driving most of the returns and most of the variance an investor would experience. Value is associated with a risk If you want to take the risk you may be compensated with some higher expected return. If you want to avoid that risk, you can tilt to growth. You have to give up some expected return for that privilege. We're talking about portfolios with more like 10% - 0.5% annual returns compared to 10% + 0.5% r...
by rkhusky
Mon Mar 18, 2024 1:56 pm
Forum: Investing - Theory, News & General
Topic: More Evidence Against Factor Investing
Replies: 473
Views: 33852

Re: More Evidence Against Factor Investing

Growth stocks are risky - where is their premium for that risk? It is captured by the market factor. Growth stocks have market risk and less value risk relative to the total market Value stocks have market risk and more value risk relative to the total market Having less value risk obviously doesn't mean that growth stocks are not risky. It is obvious that historically the market factor is still driving most of the returns and most of the variance an investor would experience. Value is associated with a risk If you want to take the risk you may be compensated with some higher expected return. If you want to avoid that risk, you can tilt to growth. You have to give up some expected return for that privilege. We're talking about portfolios w...
by rkhusky
Mon Mar 18, 2024 1:26 pm
Forum: Investing - Theory, News & General
Topic: More Evidence Against Factor Investing
Replies: 473
Views: 33852

Re: More Evidence Against Factor Investing

Growth stocks are risky - where is their premium for that risk? It is captured by the market factor. Growth stocks have market risk and less value risk relative to the total market Value stocks have market risk and more value risk relative to the total market Having less value risk obviously doesn't mean that growth stocks are not risky. It is obvious that historically the market factor is still driving most of the returns and most of the variance an investor would experience. Value is associated with a risk If you want to take the risk you may be compensated with some higher expected return. If you want to avoid that risk, you can tilt to growth. You have to give up some expected return for that privilege. We're talking about portfolios w...
by rkhusky
Mon Mar 18, 2024 1:02 pm
Forum: Personal Investments
Topic: Questions on Wash Sale?
Replies: 68
Views: 3627

Re: Questions on Wash Sale?

The conclusion from combining 56-602 and 71-316 is that there is a wash sale if there are shares remaining after a loss sale that were purchased within the wash sale period, unless the only remaining shares purchased within the wash sale period are from the same lot as those sold in the loss sale. I agree with that conclusion, assuming you mean 'if' and not 'if and only if'. But there are many other possible extrapolations that fit those two data points, including: - there's only a wash sale when the purchased shares are purchased earlier if the loss sale was from shares purchased on margin -the only (relevant) exception to the wash sale is when the shares are purchased as one lot -the reasoning in 56-602 doesn't apply in years that have a...
by rkhusky
Mon Mar 18, 2024 7:21 am
Forum: Personal Investments
Topic: Questions on Wash Sale?
Replies: 68
Views: 3627

Re: Questions on Wash Sale?

Doesn’t matter because neither ruling is applicable to OP’s issue, which is still not a wash sale. Then why dd you use 56-602 as justification that it isn't? The analysis in 56-602 is applicable to the OP's issue, but the ruling is not and neither is the subsequent example, while the analysis in 71-316 is not even applicable to the OP's issue, and neither is the ruling nor the subsequent example. If ruling 56-602 had not been made, then 71-316 would lead to the example in 56-602 being a wash sale, contrary to 56-602's conclusion. If ruling 71-316 had not been made, then 56-602 would lead to the example in 71-316 not being a wash sale, contrary to 71-316's conclusion. The conclusion from combining 56-602 and 71-316 is that there is a wash s...
by rkhusky
Sun Mar 17, 2024 8:55 pm
Forum: Personal Investments
Topic: Questions on Wash Sale?
Replies: 68
Views: 3627

Re: Questions on Wash Sale?

You'd make the exact same argument about the situation in the example in RR 71-316 if that ruling did not exist, would you not? I would. And, in the absence of 56-602, you would say that the example there was a wash sale too, since a purchase was made within the wash sale window that was not sold. ... Yes, but the difference is 56-602 gives a specific exception to the general rule. 56-602 does not create a broad exception with the example in 71-316 as a specific example. I see no conflict between the rulings. Instead, 71-316 shows us that while the IRS may see a class of exceptions that include 56-602 (which I agree is almost certain) we don't have a way of knowing what that class is because we don't know why the example in 71-316 is not i...
by rkhusky
Sun Mar 17, 2024 7:42 pm
Forum: Personal Investments
Topic: Questions on Wash Sale?
Replies: 68
Views: 3627

Re: Questions on Wash Sale?

FactualFran wrote: Sun Mar 17, 2024 3:27 pm That raises an issue of whether shares whose basis can be adjusted due to a wash sale includes shares that were acquired in the wash sale window but were sold before a sale for a loss.
My opinion is that you can only adjust the basis of shares that you own. You can’t adjust the basis of shares that other people own. Once you sell shares, someone else owns them.
by rkhusky
Sun Mar 17, 2024 7:07 pm
Forum: Personal Investments
Topic: Questions on Wash Sale?
Replies: 68
Views: 3627

Re: Questions on Wash Sale?

You'd make the exact same argument about the situation in the example in RR 71-316 if that ruling did not exist, would you not? I would. And, in the absence of 56-602, you would say that the example there was a wash sale too, since a purchase was made within the wash sale window that was not sold. But the situations in those revenue rulings are different from the OP’s case, since in the revenue rulings the taxpayer continues to hold shares after the loss sale that were purchased within the wash sale window, while in the OP’s case, the loss sale eliminates all shares. So, there is a conflict between the two revenue rulings for the cases where shares remain after the loss sale that were purchased during the wash sale window. In fact, the sit...
by rkhusky
Sun Mar 17, 2024 9:20 am
Forum: Personal Investments
Topic: Questions on Wash Sale?
Replies: 68
Views: 3627

Re: Questions on Wash Sale?

The same reasoning can be applied to other situations, or are you going to insist that the IRS has to address every single situation separately, with no interpolations allowed? No, I am not insisting that. The IRS could issue a broad guidance or a general rule. It has not done so. The law could also be updated. The reasoning in the RR might be able to be applied to other scenarios, but we do not know the bounds of it because the ruling was about that particular scenario. If we followed the same reasoning, we would think the example in RR 71-316 would come out the other way. Thus, we know that reasoning to be unreliable. I want to distinguish between two positions: 1) the same reasoning in RR 56-602 could be used to argue the OP's scenario ...
by rkhusky
Sun Mar 17, 2024 7:58 am
Forum: Personal Investments
Topic: Questions on Wash Sale?
Replies: 68
Views: 3627

Re: Questions on Wash Sale?

I come to my conclusions by applying 26 U.S. Code § 1091(a) And disregarding all other information on the law from Congress and the IRS, as well as tax experts and brokerage legal staffs. If there's anything that covers the OP's scenario, I'm open to hear it. Nothing has been provided. The expectation that every scenario must be specifically addressed in the law or in IRS rulings or in court opinions, without any interpolation allowed, is completely unrealistic. I have no such expectation. I expect the general rule to apply unless there's an exception that covers the situation at hand. An exception could be broad or narrow. If you have a scenario that you think should be an exception, you're welcome to try to fight it in court. Until then,...
by rkhusky
Sun Mar 17, 2024 7:43 am
Forum: Personal Investments
Topic: Calculating Wash Sales on vested RSUs
Replies: 11
Views: 803

Re: Calculating Wash Sales on vested RSUs

Radical Dreamer wrote: Sat Mar 16, 2024 9:53 pm
rkhusky wrote: Sat Mar 16, 2024 9:33 pm These are the replacement shares and the above calculations are the basis adjustments.
Ok, so if I adjust the basis on my 1099-B accordingly, that’s all that’s needed?
You adjust for the wash sales on form 8949, ie the disallowed losses. You enter the info from the 1099B on the 8949, but then make adjustments in columns f and g. The basis adjustments are not reported until you sell those shares sometime in the future, by also making adjustments on the 8949. You need to keep track of the basis adjustments somehow until you sell those shares.
by rkhusky
Sun Mar 17, 2024 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Confused about 1099-Q and 1098-T
Replies: 19
Views: 1430

Re: Confused about 1099-Q and 1099-T

sks wrote: Sat Mar 16, 2024 11:10 pm
rkhusky wrote: Sat Mar 16, 2024 8:43 pm Appears that education expenses are greater than withdrawn from 529, so no taxes should be owed.

Is tuition of $15K for 1 semester? And $19K for living expenses for 1 semester? What is the college’s cost of attendance for 1 semester?
No, $15K is for both the semester.

The $19K is also for both the semester and includes dorm, food and few other expense. The total amount of tuition as well as living expense all paid through 529 and is indicated in the 1099-Q.
So, you paid for Spring 2024 living expenses in 2023?
by rkhusky
Sat Mar 16, 2024 9:33 pm
Forum: Personal Investments
Topic: Calculating Wash Sales on vested RSUs
Replies: 11
Views: 803

Re: Calculating Wash Sales on vested RSUs

Radical Dreamer wrote: Sat Mar 16, 2024 9:27 pm
rkhusky wrote: Sat Mar 16, 2024 8:26 pm And the 40 shares from 1/25/23 would have their basis adjusted up by $1.24, as would 38.54 sh from the 60 on 2/25/23, while the remaining 21.46 sh would have their basis adjusted up by $16.16.
So I don’t need to do anything with the basis for the “replacement shares”?

That is, I just can’t count the loss, and it doesn’t carry over into the shares causing the wash?
These are the replacement shares and the above calculations are the basis adjustments.
by rkhusky
Sat Mar 16, 2024 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Confused about 1099-Q and 1098-T
Replies: 19
Views: 1430

Re: Confused about 1099-Q and 1099-T

Appears that education expenses are greater than withdrawn from 529, so no taxes should be owed.

Is tuition of $15K for 1 semester? And $19K for living expenses for 1 semester? What is the college’s cost of attendance for 1 semester?
by rkhusky
Sat Mar 16, 2024 8:26 pm
Forum: Personal Investments
Topic: Calculating Wash Sales on vested RSUs
Replies: 11
Views: 803

Re: Calculating Wash Sales on vested RSUs

And the 40 shares from 1/25/23 would have their basis adjusted up by $1.24, as would 38.54 sh from the 60 on 2/25/23, while the remaining 21.46 sh would have their basis adjusted up by $16.16.
by rkhusky
Sat Mar 16, 2024 8:18 pm
Forum: Personal Investments
Topic: Calculating Wash Sales on vested RSUs
Replies: 11
Views: 803

Re: Calculating Wash Sales on vested RSUs

Radical Dreamer wrote: Sat Mar 16, 2024 7:44 pm No, only shares between 9/2020 and 9/2021 were sold.

I included those because of your comment:
match those shares with the earliest shares purchased within the wash sale window (+-30 days from the sale for a loss).
But maybe I misunderstood.
Ok. Then you do have 100 shares that washed. And if lots 1-3 are the oldest lots with losses, then they are the ones that washed. Interesting that they sum to exactly 100 sh.
by rkhusky
Sat Mar 16, 2024 7:36 pm
Forum: Personal Investments
Topic: Calculating Wash Sales on vested RSUs
Replies: 11
Views: 803

Re: Calculating Wash Sales on vested RSUs

Were the 40 shares from 1/25/23 sold on 2/4/23?
by rkhusky
Sat Mar 16, 2024 6:05 pm
Forum: Personal Investments
Topic: Calculating Wash Sales on vested RSUs
Replies: 11
Views: 803

Re: Calculating Wash Sales on vested RSUs

Start with the earliest lot sold for a loss (if lots are sold at the same time, start with the shares with the earliest purchase date amongst those) and match those shares with the earliest shares purchased within the wash sale window (+-30 days from the sale for a loss). If there is a wash sale, disallow the loss, and adjust the basis of the matching purchased shares. Then continue to the next lot sold for a loss, etc. Purchased shares can only cause a wash sale (and have their basis adjusted) once.

#1 looks right to me.

See https://fairmark.com/investment-taxatio ... gain/wash/ and the matching rules for more detail.
by rkhusky
Sat Mar 16, 2024 5:50 pm
Forum: Personal Investments
Topic: Questions on Wash Sale?
Replies: 68
Views: 3627

Re: Questions on Wash Sale?

I come to my conclusions by applying 26 U.S. Code § 1091(a) And disregarding all other information on the law from Congress and the IRS, as well as tax experts and brokerage legal staffs. If there's anything that covers the OP's scenario, I'm open to hear it. Nothing has been provided. The expectation that every scenario must be specifically addressed in the law or in IRS rulings or in court opinions, without any interpolation allowed, is completely unrealistic. I have no such expectation. I expect the general rule to apply unless there's an exception that covers the situation at hand. An exception could be broad or narrow. If you have a scenario that you think should be an exception, you're welcome to try to fight it in court. Until then,...
by rkhusky
Sat Mar 16, 2024 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Concern for Possible Fraud... New Account Needed?
Replies: 29
Views: 2010

Re: Concern for Possible Fraud... New Account Needed?

It also could have been a mistake, someone keying in the wrong credit card number.

I don’t think you want companies blocking your access to your cards if someone punches your number in somewhere. That could lead to denial of service attacks.
by rkhusky
Sat Mar 16, 2024 2:56 pm
Forum: Personal Investments
Topic: Questions on Wash Sale?
Replies: 68
Views: 3627

Re: Questions on Wash Sale?

I come to my conclusions by applying 26 U.S. Code § 1091(a) And disregarding all other information on the law from Congress and the IRS, as well as tax experts and brokerage legal staffs. If there's anything that covers the OP's scenario, I'm open to hear it. Nothing has been provided. The expectation that every scenario must be specifically addressed in the law or in IRS rulings or in court opinions, without any interpolation allowed, is completely unrealistic. I have no such expectation. I expect the general rule to apply unless there's an exception that covers the situation at hand. An exception could be broad or narrow. If you have a scenario that you think should be an exception, you're welcome to try to fight it in court. Until then,...
by rkhusky
Sat Mar 16, 2024 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Concern for Possible Fraud... New Account Needed?
Replies: 29
Views: 2010

Re: Concern for Possible Fraud... New Account Needed?

I get an email whenever a new vendor or a change in a vendor is made in our bank’s bill pay system. Just got one this morning, in fact, after I added a new vendor. I don’t think I can even turn off that notification.
by rkhusky
Sat Mar 16, 2024 12:29 pm
Forum: Personal Investments
Topic: Questions on Wash Sale?
Replies: 68
Views: 3627

Re: Questions on Wash Sale?

AnEngineer wrote: Sat Mar 16, 2024 11:22 am I come to my conclusions by applying 26 U.S. Code § 1091(a)
And disregarding all other information on the law from Congress and the IRS, as well as tax experts and brokerage legal staffs.

The expectation that every scenario must be specifically addressed in the law or in IRS rulings or in court opinions, without any interpolation allowed, is completely unrealistic.
by rkhusky
Sat Mar 16, 2024 11:11 am
Forum: Personal Investments
Topic: TSP F fund question
Replies: 16
Views: 2004

Re: TSP F fund question

AK1236 wrote: Fri Mar 15, 2024 11:17 pm The most recent TSP statement listed G Fund as "Cash".
It acts like cash, with the return of intermediate treasury bonds.

If one looks at 2004-2023, where interest rates were roughly the same at the endpoints, PortfolioVisualizer’s Cash asset class returned 1.42% annually and Int Treasury returned 2.98%, and the G Fund returned 2.85%.
by rkhusky
Sat Mar 16, 2024 11:06 am
Forum: Personal Investments
Topic: Questions on Wash Sale?
Replies: 68
Views: 3627

Re: Questions on Wash Sale?

I don't see the OP's situation in the linked list of examples. Your interpretation would lead to Example 2 being a wash sale, in contradiction to the IRS 56-602 ruling. In the absence of 56-602 yes. But the ruling exists; it's an exception. Maybe there will be more exceptions (or there are others that we don't know about), but we don't get to make up exceptions because we think it's against the intent. But my point there was that it doesn't make sense to use Thomas in an appeal to authority if he doesn't address this situation and you wouldn't follow him in similar situations. The reasoning is exactly the same in both cases. And if the IRS can use Congressional intent, so can tax professionals and taxpayers. The IRS is empowered to make su...
by rkhusky
Sat Mar 16, 2024 11:02 am
Forum: Personal Investments
Topic: Vanguard or Fidelity
Replies: 73
Views: 6492

Re: Vanguard or Fidelity

I'm not a VG user. I have accounts at Fidelity and Schwab. I am retired and in distribution mode from my IRA's. Fidelity has a set of automated tools that makes selling of Fidelity assets and transferring those $ to our Checking Account efficiently and hands off. Monthly automated transfers are done from our taxable account to checking with automated quarterly sell and transfers from the IRAs to our taxable. The RMD requirement means more $ goes into taxable than $ out to checking. I cannot think of any way to make this better than what Fidelity already does. Schwab, although a fine brokerage, lacks these tools unless you sign up for their robo manager/advisor program. I use Vanguard’s automated withdrawal ability to send money monthly fro...
by rkhusky
Sat Mar 16, 2024 10:36 am
Forum: Personal Investments
Topic: Questions on Wash Sale?
Replies: 68
Views: 3627

Re: Questions on Wash Sale?

I don't see the OP's situation in the linked list of examples. Your interpretation would lead to Example 2 being a wash sale, in contradiction to the IRS 56-602 ruling. In the absence of 56-602 yes. But the ruling exists; it's an exception. Maybe there will be more exceptions (or there are others that we don't know about), but we don't get to make up exceptions because we think it's against the intent. But my point there was that it doesn't make sense to use Thomas in an appeal to authority if he doesn't address this situation and you wouldn't follow him in similar situations. The reasoning is exactly the same in both cases. And if the IRS can use Congressional intent, so can tax professionals and taxpayers. 56-602 is not an exception, it’...
by rkhusky
Sat Mar 16, 2024 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Paying for grandparents to babysit, medical insurance implications
Replies: 33
Views: 3066

Re: Paying for grandparents to babysit, medical insurance implications

Gifts do not show up on your tax return in the form of income. (Only the reporting that a gift was made that exceeded the yearly non-reporting limit)
by rkhusky
Sat Mar 16, 2024 10:20 am
Forum: Personal Investments
Topic: Questions on Wash Sale?
Replies: 68
Views: 3627

Re: Questions on Wash Sale?

I usually ask why when given advice, so I have some better sense of it, particularly the bounds in which it applies. Especially in cases, like this one, where I have good reason to believe it does not apply to my situation. A doctor is an interesting example, because I think everyone can think of recent examples of doctors giving public advice that they think is ridiculous and thus completely ignored (because of the wide range of opinions being given on the same topics). But we have no wide range of opinions on this. We have a noted expert and the professionals that work for brokerages all on the same side. In the Fairmark link provided, he's essentially arguing what the law should be, not what it is. In multiple places there are reference...
by rkhusky
Sat Mar 16, 2024 10:17 am
Forum: Personal Investments
Topic: Questions on Wash Sale?
Replies: 68
Views: 3627

Re: Questions on Wash Sale?

There is Revenue Ruling 56-602 . The ruling is that selling a portion of a purchase lot for a loss within 30 days of the purchase is not a wash sale. This is specifically about whether the other shares in that lot cause a wash sale. It says nothing about a wash sale being caused by a separate purchase. But if you read the reasoning behind the ruling, the IRS does not just rely on the text of the law, but also on Congressional intent, as revealed through discussions and reports. For example, Subsequent Congressional discussions and reports refer consistently to the `new acquisition' and to `repurchasing' and `buying back' stock or securities. These terms indicate an intent on the part of Congress to prevent a taxpayer's taking losses for ta...
by rkhusky
Sat Mar 16, 2024 10:06 am
Forum: Personal Investments
Topic: Questions on Wash Sale?
Replies: 68
Views: 3627

Re: Questions on Wash Sale?

I’m not in the habit of asking professionals, like my doctor, to justify their advice by asking for citations and a seminar on the underlying science. I usually ask why when given advice, so I have some better sense of it, particularly the bounds in which it applies. Especially in cases, like this one, where I have good reason to believe it does not apply to my situation. A doctor is an interesting example, because I think everyone can think of recent examples of doctors giving public advice that they think is ridiculous and thus completely ignored (because of the wide range of opinions being given on the same topics). But we have no wide range of opinions on this. We have a noted expert and the professionals that work for brokerages all o...
by rkhusky
Sat Mar 16, 2024 7:54 am
Forum: Personal Investments
Topic: Questions on Wash Sale?
Replies: 68
Views: 3627

Re: Questions on Wash Sale?

I’m not in the habit of asking professionals, like my doctor, to justify their advice by asking for citations and a seminar on the underlying science. I usually ask why when given advice, so I have some better sense of it, particularly the bounds in which it applies. Especially in cases, like this one, where I have good reason to believe it does not apply to my situation. A doctor is an interesting example, because I think everyone can think of recent examples of doctors giving public advice that they think is ridiculous and thus completely ignored (because of the wide range of opinions being given on the same topics). But we have no wide range of opinions on this. We have a noted expert and the professionals that work for brokerages all o...
by rkhusky
Sat Mar 16, 2024 7:48 am
Forum: Investing - Theory, News & General
Topic: More Evidence Against Factor Investing
Replies: 473
Views: 33852

Re: More Evidence Against Factor Investing

BitTooAggressive wrote: Sat Mar 16, 2024 4:35 am
folkher0 wrote: Fri Mar 15, 2024 2:53 pm I will also keep it in mind next time someone argues that "diversification" across factors lowers risk.
It doesn’t lower risk it diversifies your risk across different factors/premiums.
It does neither, it increases risk by compounding and concentrating risk in a group of stocks that all have similar characteristics, with the hope of higher return.
by rkhusky
Fri Mar 15, 2024 9:12 pm
Forum: Investing - Theory, News & General
Topic: Increasing TSP Fund Expense Ratios
Replies: 174
Views: 19822

Re: Increasing TSP Fund Expense Ratios

For me the ease of use of my IRA at Vanguard far outweighs the cost differential. Even if my IRA costs were double the TSP, I would still want to have a significant portion of my portfolio in an IRA. I am currently doing Roth conversions and transferring money from my IRA to my bank for spending (set monthly amount + ad hoc withdrawals).
by rkhusky
Fri Mar 15, 2024 8:57 pm
Forum: Personal Investments
Topic: Wash sale question for bi-weekly investing.
Replies: 4
Views: 459

Re: Wash sale question for bi-weekly investing.

Yes, you have to sell all the shares purchased within the prior 30 days to avoid a wash sale. That can be problematic in tax-advantaged accounts, where FIFO is the only option. And don’t forget dividend reinvestment.

If all buying/selling is in a taxable account, the wash sale only defers the loss, you don’t lose it.

Why not start buying VEA every two weeks instead?
by rkhusky
Fri Mar 15, 2024 8:54 pm
Forum: Personal Investments
Topic: Questions on Wash Sale?
Replies: 68
Views: 3627

Re: Questions on Wash Sale?

We rely on authorities all the time - CPA’s, engineers, doctors, lawyers, etc. I find their expertise to be valuable. I agree. I'd love to hear from an expert on this as to where I'm right or wrong. Here you go. Kaye Thomas, founder of fairmark.com (https://fairmark.com/about/) and of Fairmark Press. Tax attorney with a law degree from Harvard. Wash sales are not caused by shares you no longer own, because they are not replacement shares for the shares that you sold at a loss. See: https://fairmark.com/investment-taxation/capital-gain/wash/wash-sales-and-replacement-stock/ That's just pronouncement that openly disagrees with the IRS. If I'm wrong, which I don't think I am, there'd be a reason that's somewhere in the law or some court rulin...
by rkhusky
Fri Mar 15, 2024 7:47 pm
Forum: Personal Investments
Topic: Questions on Wash Sale?
Replies: 68
Views: 3627

Re: Questions on Wash Sale?

AnEngineer wrote: Fri Mar 15, 2024 4:30 pm
rkhusky wrote: Fri Mar 15, 2024 3:54 pm We rely on authorities all the time - CPA’s, engineers, doctors, lawyers, etc. I find their expertise to be valuable.
I agree. I'd love to hear from an expert on this as to where I'm right or wrong.
Here you go. Kaye Thomas, founder of fairmark.com (https://fairmark.com/about/) and of Fairmark Press. Tax attorney with a law degree from Harvard.

Wash sales are not caused by shares you no longer own, because they are not replacement shares for the shares that you sold at a loss. See:
https://fairmark.com/investment-taxatio ... ent-stock/
by rkhusky
Fri Mar 15, 2024 3:54 pm
Forum: Personal Investments
Topic: Questions on Wash Sale?
Replies: 68
Views: 3627

Re: Questions on Wash Sale?

Hi, I read some notes on wash sale. I still confused about the determinatiion of the wash sale. Even all ChatGPT, Gemini gave different answers, can anyone share your knowledge on this? Here is a case I'm confused. 1. On March 3, 2021, you purchased 100 shares at $30 per share. 2. Two weeks later (approximately March 17, 2021), you sold all 100 shares at $31 per share, realizing a gain. 3. 5 days after the sale (approximately March 22, 2021), you repurchased 200 shares at $32 per share. 4. 7 days after the purchase (approximately March 29, 2021), you sold the 200 shares at $28 per share, realizing a loss. 5. on March 30, I don't have any stock as I sold all those on March 29. Can I claim the loss or duct losses from sales for tax loss purp...
by rkhusky
Fri Mar 15, 2024 3:10 pm
Forum: Personal Investments
Topic: Questions on Wash Sale?
Replies: 68
Views: 3627

Re: Questions on Wash Sale?

Hi, I read some notes on wash sale. I still confused about the determinatiion of the wash sale. Even all ChatGPT, Gemini gave different answers, can anyone share your knowledge on this? Here is a case I'm confused. 1. On March 3, 2021, you purchased 100 shares at $30 per share. 2. Two weeks later (approximately March 17, 2021), you sold all 100 shares at $31 per share, realizing a gain. 3. 5 days after the sale (approximately March 22, 2021), you repurchased 200 shares at $32 per share. 4. 7 days after the purchase (approximately March 29, 2021), you sold the 200 shares at $28 per share, realizing a loss. 5. on March 30, I don't have any stock as I sold all those on March 29. Can I claim the loss or duct losses from sales for tax loss purp...
by rkhusky
Fri Mar 15, 2024 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Missing Fund Info On VG 1099 DIV
Replies: 11
Views: 1261

Re: Missing Fund Info On VG 1099 DIV

jsmattson wrote: Fri Mar 15, 2024 12:59 pm Vanguard missed the first 6 months of 2023 money market distributions plus March 2023 distributions from 2 separate funds. Needless to say, I have begun transferring assets to Fidelity.
Did you convert from a mutual fund account to a brokerage account in mid-2023?
by rkhusky
Fri Mar 15, 2024 2:29 pm
Forum: Investing - Theory, News & General
Topic: TSP G Fund
Replies: 24
Views: 2039

Re: TSP G Fund

AlwaysLearningMore wrote: Fri Mar 15, 2024 12:05 pm Haven't looked at the historical figures, but it would be interesting to see how the G Fund has historically fared against MMF (for those who contend is nothing more than a cash account).
10 year annualized return for G Fund is 2.35% vs 1.28% for VUSXX (Treasury MM) vs 1.34% for Portfolio Visualizer Cash. (Int Treasury in PV has 1.08%)

The G Fund return since inception (6/87) is 4.65%. Cash in Portfolio Visualizer returned 2.99% since June 1987. (Int Treasury in PV has 5.29%)

Note that PV Cash and Int Treasury returned 8.61% and 14.52% respectively, in 1989. G Fund returned 8.81%.

Also, PV Cash and Int Treasury returned 7.89% and 9.46% respectively, in 1990. G Fund returned 8.90%.
by rkhusky
Fri Mar 15, 2024 12:08 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting questions and VG website vs others for cost basis?
Replies: 15
Views: 723

Re: Tax Loss Harvesting questions and VG website vs others for cost basis?

Here is a previous discussion.
viewtopic.php?t=379902

Seems like an obvious coding mistake that has no useful purpose (ie requiring the entry of total shares before selecting shares). Hopefully it gets corrected soon. I’ve had a similar issue with my bank, but rather than switch banks I’ve learned to cope with the hassle.
by rkhusky
Fri Mar 15, 2024 11:47 am
Forum: Personal Investments
Topic: Tax Loss Harvesting questions and VG website vs others for cost basis?
Replies: 15
Views: 723

Re: Tax Loss Harvesting questions and VG website vs others for cost basis?

Put in 1000 or 10000 shares and see what happens. Don’t be afraid to explore. You can always cancel, without clicking submit. Certainly no reason to tear out your hair. Fidelity hides certain options when you go to sell, but once you do it once, it’s not that hard. I just tried that. Whatever amount you enter has to match what you actually sell. So if you put 1000, click next, and then select lots that only add up to 354 shares, you have to go back and do it over again until the amount you enter is exactly the same as what you select on the lots page. I ended up going through and manually adding up all of the specific lots I wanted to sell and then put that number in. What a hassle. :oops: Does Fidelity allow you to choose specific lots wi...
by rkhusky
Fri Mar 15, 2024 11:38 am
Forum: Investing - Theory, News & General
Topic: Vanguard Announces CEO Retirement and Appointment of President
Replies: 371
Views: 34709

Re: Vanguard Announces CEO Retirement and Appointment of President

chinchin wrote: Fri Mar 15, 2024 10:06 am
rkhusky wrote: Fri Mar 15, 2024 9:32 am
chinchin wrote: Fri Mar 15, 2024 9:24 am I believe they got rid of the ship because of its association with British colonialism.
But do you have support for your belief?

Some info:
https://logos-world.net/vanguard-logo/

And past discussion:
viewtopic.php?t=328404&sid=83ae10c5909d ... 2c8740a36e
For the record, I'm not offended by the ship logo. The first post in the thread you linked states Vanguard is "trying to distance itself from the ship and one of its namesakes’ unsavory histories." The ship is the HMS Vanguard of the Royal Navy in the late 1700's. Britain was a colonial power and much of that power came from their Naval force.
I think someone just made that up as a possible explanation.