Search found 1605 matches

by alvinsch
Sun Apr 21, 2019 7:14 pm
Forum: Personal Investments
Topic: Need help selling MLP [Master Limited Partnership]
Replies: 10
Views: 1143

Re: Need help selling MLP [Master Limited Partnership]

Orenishi: What is the best way to do this? Unfortunately, I do not have access to the history of distributions due to moving to Fidelity. Would this be shown on the K-1? With the exception of rounding errors and unusual circumstances, your capital account is going to be your current basis for when ...
by alvinsch
Fri Apr 19, 2019 9:21 am
Forum: Investing - Theory, News & General
Topic: Publicly traded Partnership vs Publicly traded Corporation ?
Replies: 4
Views: 614

Re: Publicly traded Partnership vs Publicly traded Corporation ?

Beliavsky wrote: Fri Apr 19, 2019 7:16 am Where is a list of other publicly traded partnerships? Should affluent investors buy them according to their cap weights because they are typically not part of stock indices?
PTP are predominately MLPs. Here's a list: https://www.mlpassociation.org/mlp-101/ ... rent-mlps/
by alvinsch
Fri Dec 14, 2018 12:04 pm
Forum: Investing - Theory, News & General
Topic: MLP's [Master Limited Partnership]
Replies: 26
Views: 2057

Re: MLP's

Problem #3 - You won't get your K-1's until August, so you can't do your tax return until September. Be prepared to estimate and extend (at an additional cost to you). FWIW: Exaggeration alert!!! I've owned 8-12 MLPs each year for the last 10 years and I've received a final K1 prior to the end of M...
by alvinsch
Wed Dec 12, 2018 9:24 pm
Forum: Investing - Theory, News & General
Topic: MLP's [Master Limited Partnership]
Replies: 26
Views: 2057

Re: MLP's

1. Is there a place for MLP'S in Boglehead investing? I guess thats first thing I should ask Who cares? Is it right for you? 2. Do you personally own any MLP's. What do you own and why? Yes, I own 8 but the majority of my MLPs holding are in the two I consider the best midstream MLPs: EPD and MMP. ...
by alvinsch
Sat Oct 27, 2018 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Use c-corp to turn 1099 income into capital gains to use up capital loss carryover?
Replies: 3
Views: 500

Re: Use c-corp to turn 1099 income into capital gains to use up capital loss carryover?

If you're interested in an investment that basically generates distributions that are taxed as long term gains while also generating ordinary income losses you can use against other ordinary income, I have an answer, but you have to be willing to invest in an MLP (K1 instead of a 1099) and be intere...
by alvinsch
Fri Mar 23, 2018 9:14 am
Forum: Personal Investments
Topic: ROTH Conversion and 1040ES estimated tax
Replies: 14
Views: 1485

Re: ROTH Conversion and 1040ES estimated tax

FWIW: I'm planning on converting to the top of the 27.8% bracket (24%+3.8%) for several years (I fear we may only have 3 years of these tax rates). For me this means I can convert about 250K a year: 315K+24K (Std Ded.)-90k (other ord inc est). Regarding estimated tax I think you only need to pay 110...
by alvinsch
Sat Mar 17, 2018 2:09 pm
Forum: Investing - Theory, News & General
Topic: PSA: Vanguard Drops The Ball (Cost Basis Issue)
Replies: 24
Views: 5359

Re: PSA: Vanguard Drops The Ball (Cost Basis Issue)

How has your experience been at Schwab? I almost chose them as my custodian, but their fees for DFA purchases were more than TDA (TDA allows me to make automated DFA purchases, biweekly, for free. Unfortunately, non-automated purchases of DFA cost $27. Fidelity had a similar fee structure PLUS an e...
by alvinsch
Sat Mar 17, 2018 10:13 am
Forum: Investing - Theory, News & General
Topic: PSA: Vanguard Drops The Ball (Cost Basis Issue)
Replies: 24
Views: 5359

Re: PSA: Vanguard Drops The Ball (Cost Basis Issue)

I've had specific ID problems with Vanguard regarding one specific stock for 3 years now and they still have been unable / unwilling to fix. Back in 2016 they finally acknowledged they had a software problem that didn't allow them to handle it correctly. When I make a sale I use specific ID and it s...
by alvinsch
Wed Feb 21, 2018 1:56 pm
Forum: Personal Consumer Issues
Topic: $20,000 question - Galapagos or Serengeti safari ?
Replies: 29
Views: 4762

Re: $20,000 question - Galapagos or Serengeti safari ?

When did you go ? I've done both and while the Galapagos are cool, we did a Kenya / Tanzania safari and it was the trip of a lifetime. As part of the Galapagos trip we also did Peru including Machu Picchu which to me was equally as impressive as Galapagos so I would encourage you to include it as p...
by alvinsch
Wed Feb 21, 2018 1:04 pm
Forum: Personal Consumer Issues
Topic: $20,000 question - Galapagos or Serengeti safari ?
Replies: 29
Views: 4762

Re: $20,000 question - Galapagos or Serengeti safari ?

I've done both and while the Galapagos are cool, we did a Kenya / Tanzania safari and it was the trip of a lifetime. As part of the Galapagos trip we also did Peru including Machu Picchu which to me was equally as impressive as Galapagos so I would encourage you to include it as part of a Galapagos ...
by alvinsch
Mon Feb 19, 2018 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Downloading VG Brokerage to TT
Replies: 6
Views: 520

Re: Downloading VG Brokerage to TT

Alvin, Are the amounts correct on the actual 1099's? In other words, did the errors occur in the downloading process? No the downloading worked ok, as the data was wrong on the online version as well. Cost basis didn't match what I requested and was correctly reported on my monthly statement. It on...
by alvinsch
Mon Feb 19, 2018 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Downloading VG Brokerage to TT
Replies: 6
Views: 520

Re: Downloading VG Brokerage to TT

Mine downloaded fine but the brokerage data was full of errors. Wrong cost basis on some and multiple entries for phantom trades that never occurred. Just be sure to check what you downloaded.
by alvinsch
Fri Jan 12, 2018 10:50 am
Forum: Investing - Theory, News & General
Topic: Lower tax rates for 7 yrs.-Are you switching to Roth 401K
Replies: 65
Views: 7671

Re: Lower tax rates for 7 yrs.-Are you switching to Roth 401K

I figure there's a good chance that my lower tax rate will only be good for 3 years so I plan to convert most if not all our 401k's to ROTH 401k's in the next 3 years up to the top of the 28.8% bracket (25+3.8). Previously if I wanted to do any significant conversions our margin tax bracket was 53.8...
by alvinsch
Sat Nov 11, 2017 10:59 am
Forum: Investing - Theory, News & General
Topic: Initial Vanguard capital gains distribution announcement
Replies: 14
Views: 2349

Re: Initial Vanguard capital gains distribution announcement

FYI: The total stock market index fund (admiral=VTSAX), does have an institutional share class, VITSX, into which you can convert your admiral shares tax free if you meet the $5 million minimum. If your VTSAX holdings exceed $5M, you will likely receive a secure message explaining you have that opti...
by alvinsch
Wed Mar 15, 2017 7:08 pm
Forum: Investing - Theory, News & General
Topic: Vanguard corrected 1099B is now incorrect
Replies: 20
Views: 3990

Re: Vanguard corrected 1099B is now incorrect

In January 2016, their system "lost" the tax basis on one of my holdings which I let them know. Come February my 1099B was wrong for trades on that holding as they reverted to FIFO. I kept badgering them monthly and got several updated 1099B, all wrong. Finally in September they admitted t...
by alvinsch
Fri Aug 19, 2016 7:04 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage cost basis problems
Replies: 14
Views: 2475

Re: Vanguard Brokerage cost basis problems

That's the downside of Vanguard. A bad problem for you, but not for so many so they don't fix the problem. My brokerage account was in a state once where my assets were mistakenly placed in someone else's trust, someone's estate and someone was named as beneficiary to my IRA [this done I believe to...
by alvinsch
Fri Aug 19, 2016 6:45 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage cost basis problems
Replies: 14
Views: 2475

Re: Vanguard Brokerage cost basis problems

I don't understand why you cannot submit your tax return and make an adjustment to the reported basis and indicate that on your return. I think it is unlikely that the IRS will "audit" you. They may send a letter in a few years that you can then answer them. By then Vanguard may have even...
by alvinsch
Fri Aug 19, 2016 5:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage cost basis problems
Replies: 14
Views: 2475

Vanguard Brokerage cost basis problems

I've been fighting Vanguard Brokerage for 7 months now trying to get them to fix their cost basis and tax reporting software but to no avail and I don't know what else I can do. They admit they have a software bug but after 7 months they've been unable / unwilling to fix it (continuously lying over ...
by alvinsch
Fri Apr 08, 2016 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Final K-1 For LP ------->Liquidating Trust
Replies: 3
Views: 674

Re: Final K-1 For LP ------->Liquidating Trust

If one selects final K1 under Turbotax, it is going to free up all suspended losses from the LP. Seems correct to me and how I would do it. Otherwise, how are you going to free them up in some following year since their is no longer an LP or K1 in which to free them up from?

JMHO
- Al
by alvinsch
Tue Mar 29, 2016 10:44 am
Forum: Personal Investments
Topic: leaving vanguard due to math errors / poor customer service?
Replies: 107
Views: 17608

Re: leaving vanguard due to math errors / poor customer service?

Sometime after the end of the year (2015 end of year statement was correct), they "lost" the cost basis for about half the shares I owned in a stock. Since I had done tax loss selling of some shares out of the lots that they erased, my specific ID sales (which had been correct), became FIF...
by alvinsch
Sat Mar 19, 2016 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with a K-1, Box 11, Code F in Turbotax
Replies: 5
Views: 1855

Re: What to do with a K-1, Box 11, Code F in Turbotax

If you enter the value for 11F for your K1, in turbotax it will create a K1P Addl Info 1 worksheet under the K1 partner form, in which you need to specify the type of income 11F represents under code F: - Recoveries (etc) reported on 1040 line 21 - Ordinary gain/loss reported on F4797, part II - net...
by alvinsch
Wed Mar 16, 2016 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: How does AMT affect people with high income but no deductions/exemptions?
Replies: 15
Views: 2464

Re: How does AMT affect people with high income but no deductions/exemptions?

It seems to me that their AGI would basically be the same, and if anything, their TMT should actually be LOWER since the highest tax bracket for AMT is lower than the highest tax bracket for the regular tax. Is my thinking correct here? One's AMT marginal tax bracket can be much higher than their r...
by alvinsch
Sun Sep 20, 2015 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Returns - Schedule D, K-1 and Form 4797 for MLP sold
Replies: 6
Views: 2223

Re: Tax Returns - Schedule D, K-1 and Form 4797 for MLP sold

Hi, I need some help filing my tax returns. I am using TAXACT software, and am lost figuring out how to fill Schedule-D and form 4797. The following is K-1 Sales Schedule information from CVR Refining(MLP): Column 3( Sales Proceeds) : $4634 -> from 1099B Column 4( Cost Basis ) : $5022 -> from 1099B...
by alvinsch
Mon Jun 01, 2015 9:39 pm
Forum: Personal Investments
Topic: Using Donar Advised Fund like a mega-Roth
Replies: 14
Views: 1490

Re: Using Donar Advised Fund like a mega-Roth

Makes perfect sense to me and it's what we do. Last year I had an unexpected tax event (KMP MLP buyout), that was going to all be taxed in the AMT (ordinary income > 50%, CG > 22%), so I made a very large contribution to DAF (to get me back out of the AMT). Most years we can't itemize so I also get ...
by alvinsch
Mon May 25, 2015 10:48 am
Forum: Personal Investments
Topic: MLP Investors: seek advice on "reabsorbtion" targets
Replies: 2
Views: 765

Re: MLP Investors: seek advice on "reabsorbtion" targets

I'm considering compiling a "buy list" of MLPs I'd consider buying at certain prices. Because these would be held in taxable acct, I wouldn't view reabsorption into the parent (a la Kinder & recently Williams) as a positive. Barron's noted OKS (Oneok Partners) and PAA (Plains All-Amer...
by alvinsch
Tue Mar 24, 2015 1:17 pm
Forum: Personal Investments
Topic: Please help ..hit with AMT
Replies: 10
Views: 1646

Re: Please help ..hit with AMT

Actually recharacterizing all or part of a roth conversion can be a very useful tax planning tool. I have done this several times with a TIRA to ROTH conversion but don't know if there are any other limitations on a simple IRA. For example, for several years it made sense for me to do a ROTH convers...
by alvinsch
Tue Mar 24, 2015 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Best tools to understand the AMT?
Replies: 14
Views: 2346

Re: Best tools to understand the AMT?

So your adjusted gross income was above $305K (to be subject to the itemized deduction phase-out), but your taxable income was below $74K (to be in the 15% bracket)? This combination is possible, but very unusual. It just means most of my taxable income is QDI and CG which isn't that unusual if one...
by alvinsch
Mon Mar 23, 2015 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Best tools to understand the AMT?
Replies: 14
Views: 2346

Re: Best tools to understand the AMT?

.................................. Yes, as I noted before, my AMT marginal tax rate would have been 53.8% in 2014. ............................ Do you understand why it is that high? I was under the impression that it should be the basic 26/28% rates increased by 25% (for the exemption phaseout) so...
by alvinsch
Mon Mar 23, 2015 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Best tools to understand the AMT?
Replies: 14
Views: 2346

Re: Best tools to understand the AMT?

Interesting - I'll check this out! Thanks for putting it on my radar. Perhaps a dumb question, but it just occurred to me that I don't know even what the right goal should be in optimizing my taxes. Why are you focusing on avoiding the AMT, for example? Is it since the effective marginal rate ends ...
by alvinsch
Mon Mar 23, 2015 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Best tools to understand the AMT?
Replies: 14
Views: 2346

Re: Best tools to understand the AMT?

... and there's no way to compare results side by side or run tens or hundreds of scenarios. Have you tried the what-if worksheet in turbotax? Lets you do 3 side by side comparisons. I use it constantly to determine how much additional ordinary income and / or QDI/CG I can have in the next year and...
by alvinsch
Tue Feb 24, 2015 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on Kinder Morgan Stock sale
Replies: 8
Views: 5244

Re: Taxes on Kinder Morgan Stock sale

Btenny, I definitely agree with the advice to get professional advice as I do 15-20 k1's every year and disagree with some of the advice you've received so far. Your capital account is not the same as your basis. Even if one ignores the difference between inside and outside basis, there is a big dif...
by alvinsch
Mon Jun 30, 2014 12:00 pm
Forum: Personal Consumer Issues
Topic: Washington state retirees?
Replies: 29
Views: 3121

Re: Washington state retirees?

North Bend / Snoqualmie, located right off I-90 with a straight shot into Seattle (just don't go during rush hour). Access to the 110 mile Iron Horse Trail. Only 15-20 minutes from skiing at snoqualmie pass and tons of hiking trails in the cascades. Also just down the hill from Snoqualmie Falls is t...
by alvinsch
Thu Jun 12, 2014 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: engineers - please help with engineering school selection
Replies: 185
Views: 19165

Re: engineers - please help with engineering school selectio

BSEE computer engineer UW Seattle. First company paid for my MSEE degree from Stanford. Retired at 45. Thought my undergraduate profs at UW were better than my Stanford profs. Actually took a class taught by James Clark at Stanford, lousy prof but amazing entrepreneur (Silicon Graphics, Netscape, et...
by alvinsch
Fri Mar 28, 2014 3:23 pm
Forum: Investing - Theory, News & General
Topic: Are master limited partnerships worthwhile?
Replies: 25
Views: 3077

Re: Are master limited partnerships worthwhile?

FWIW: I own 17 MLPS, most of which were bought in 2008. Of those all but two project to have another 10+ years before my basis goes to zero. One has 7 more years to go and one, because I had previously sold a bunch of shares went to zero basis this year, but has 4 years of passive activity ordinary ...
by alvinsch
Thu Feb 27, 2014 6:45 pm
Forum: Personal Consumer Issues
Topic: any objective studies on how long CFL bulbs last?
Replies: 26
Views: 1967

Re: any objective studies on how long CFL bulbs last?

My personal experience is that if I'm really careful they last about a week at best. I only use filament or LED now as I've never had a single CFL last a month. But at least you get to dump a few milligrams of mercury into the land fill on a weekly basis.
by alvinsch
Thu Feb 06, 2014 12:56 pm
Forum: Personal Investments
Topic: Reconcile Foreign Tax forms for 1116
Replies: 12
Views: 2348

Re: Reconcile Foreign Tax forms for 1116

First off always use what is on the 1099-DIV as that is what is reported. The worksheets are approximations for advisors who may not have the 1099's I would assume. 1099-div box 1a = income dividends received + foreign tax paid so if one only knows what dividends they received they can figure out th...
by alvinsch
Thu Jan 23, 2014 2:02 pm
Forum: US Chapters
Topic: Taylor's 90th Birthday
Replies: 272
Views: 37081

Re: TAYLOR'S UPCOMING 90th BIRTHDAY

Happy Birthday to the classiest diehard.
by alvinsch
Sun Mar 04, 2012 11:07 pm
Forum: Personal Consumer Issues
Topic: Is Tahitian over water bungalow vacation worth the price?
Replies: 90
Views: 8953

Re: Is $10k too much to spend on a honeymoon?

We got married in 1984 and we went to Tahiti for our honeymoon and despite being really expensive (more like $5-6K back then), it was the most memorable trip we ever took (2 weeks spent on Tahiti, Bora Bora, Moorea, and Raiatea), Nepal trekking was number 2. However, I'm not sure I'd spend the extra...
by alvinsch
Tue Sep 29, 2009 11:43 am
Forum: Personal Investments
Topic: Avoiding foreign tax form 1116
Replies: 24
Views: 8037

I think you're misunderstanding what I'm saying. There are restrictions on whether a fund can report FTC. For example, fund of funds, like Vanguards total intl stock fund use to be, couldn't report FTC (also requires a majority of income to be from foreign sources I believe). So since the FTC can't...
by alvinsch
Tue Sep 29, 2009 10:55 am
Forum: Personal Investments
Topic: Avoiding foreign tax form 1116
Replies: 24
Views: 8037

There's no easy answer but if you keep your source income below $20k, it is a hell of a lot easier. I've even considered lowering my intl allocation to a point where I'd be below the $20k level or using intl funds that don't report FTC (if a fund doesn't or can't break out the FTC, then it's also n...
by alvinsch
Tue Sep 29, 2009 9:48 am
Forum: Personal Investments
Topic: Avoiding foreign tax form 1116
Replies: 24
Views: 8037

Hello alvinsch, My question is about your experience with the capabilities of TurboTax and the 1116: For instance, does TurboTax do the all adjustments automatically for the 1116 when/if when you hit $20k in foreign source income and have to adjust all the distribution amounts to account separately...
by alvinsch
Sun Sep 27, 2009 2:53 pm
Forum: Investing - Theory, News & General
Topic: Another stock market myth - "cash on the sidelines"
Replies: 32
Views: 5393

But if you look more closely, what you really have is an IOU. It might be a very liquid one, like a money market fund that holds T-bills and commercial paper, but it's still an IOU. See, your “cash on the sidelines” isn't sitting there idle, waiting to be put to work. The fact is that it has alread...
by alvinsch
Sun Sep 27, 2009 11:39 am
Forum: Personal Investments
Topic: Avoiding foreign tax form 1116
Replies: 24
Views: 8037

And I doubt that Turbo Tax handles year to year carryovers? Kramer I use Turbotax and it carries forward the unallowed FTC from the previous year for both regular and AMT. FWIW: The real "joy" of form 1116 is when you hit $20k in foreign source income and have to adjust all the distributi...
by alvinsch
Fri Sep 25, 2009 6:10 pm
Forum: Investing - Theory, News & General
Topic: How to determine which bond funds are undervalued/overvalued
Replies: 24
Views: 6731

Does a bond fund have a yield to maturity? I know it holds bonds that have such. Is there some measure of average yield to maturity? -Grandpa Yes. Barclays shows an "Average Yield to Maturity" for it's credit ETF's. Fund companies might not be able to report it because they have to comply...
by alvinsch
Tue Sep 22, 2009 10:19 pm
Forum: Personal Investments
Topic: Weighing Options for Taxable Accounts
Replies: 15
Views: 2717

Interesting - thanks! Someone else mentioned VTMGX in another thread I posted. Do you know off hand what the ratio or % of VTMGX is for emerging markets? (VGTSX is around 22% emerging I think) It should be noted that VTMGX has a penalty if withdrawing in less then 5 years. VTMGX has no emerging whi...
by alvinsch
Tue Sep 22, 2009 10:11 pm
Forum: Investing - Theory, News & General
Topic: Yale endowment down 25 percent.
Replies: 21
Views: 4150

Having invested in non publicly traded partnerships in my ignorant youth, I can attest to the fact that there is a big difference between a market based valuation and the valuation placed on a privately held asset by its owner. If they had to liquidate all their illiquid assets, I bet they'd be wort...
by alvinsch
Tue Sep 22, 2009 8:14 pm
Forum: Personal Investments
Topic: Weighing Options for Taxable Accounts
Replies: 15
Views: 2717

Our portfolio is almost entirely taxable. We use VTSMX/VTSAX for US but use VTMGX(.20)/VWO(.27) for international (FWIW: we also value tilt with VISVX/VBR and have small intl in taxable, consider VSS).

- Al
by alvinsch
Tue Sep 22, 2009 11:54 am
Forum: Investing - Theory, News & General
Topic: Any rebalancing benifit in owning only VTWSX?
Replies: 6
Views: 1863

Re: Any rebalancing benifit in owning only VTWSX?

Ok. let's say I want to construct a super simple, long-term, 100% equity portfolio. It looks like this: 100% VTWSX (all world equity) Alternatively I could create a slightly less simple 100% equity portfolio that looks like this: 50% VTSMX (all US equity) 50% VFWIX (all world excluding US equity) A...
by alvinsch
Thu Sep 17, 2009 1:46 pm
Forum: Investing - Theory, News & General
Topic: Currency carry trade?
Replies: 13
Views: 2428

How does the fund report taxes? 1099 or K-1? (Lots of those exotic ETFs are really structured as LPs and report on a K-1) Found this short list online of ETF/ETN's that issue K-1's which includes DBV. iShares GSCI (GSG) Macroshares Oil (DCR, UCR) Powershares DB (DBC, DBV, DBA, DBB, DBE, DGL, DBO, D...
by alvinsch
Thu Sep 17, 2009 11:54 am
Forum: Investing - Theory, News & General
Topic: Financial Ability
Replies: 26
Views: 3454

Re: Financial Ability

My point is that if you had a portfolio value which was appropriate to secure your future retirement back in 2007, or early 2008, and now the value of this portfolio has increased, shouldn't you feel secure again? My gut feeling though is that few will feel as secure as they did in te past. Why not...