Search found 6389 matches

by HueyLD
Thu Jan 17, 2019 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: Taxation of Treasury Bills (Question)
Replies: 12
Views: 1584

Re: Taxation of Treasury Bills (Question)

Your basis at the time of sale includes the purchase price plus accreted discount. And sale price in excess of the basis is STCG.
by HueyLD
Thu Jan 17, 2019 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Taxation of Treasury Bills (Question)
Replies: 12
Views: 1584

Re: Taxation of Treasury Bills (Question)

No, the CG from sale of U.S. treasury securities are not exempt from CT income tax.

https://portal.ct.gov/DRS/Publications- ... -Residents
by HueyLD
Wed Jan 16, 2019 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Another PenFed Failure (Funds transfer)
Replies: 5
Views: 648

Re: Another PenFed Failure (Funds transfer)

Are your accounts held in the name of a trust?
by HueyLD
Wed Jan 16, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Owned By Revocable Living Trust
Replies: 15
Views: 816

Re: Auto Owned By Revocable Living Trust

We live in Florida and when we established my mom's irrevocable grantor trust the attorney told us not to place the car inside the trust as it would expose the remainder of the trust assets to legal claim in case an accident involving the car occurred. What did the lawyer say about putting autos in...
by HueyLD
Wed Jan 16, 2019 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Owned By Revocable Living Trust
Replies: 15
Views: 816

Re: Auto Owned By Revocable Living Trust

I have read several articles that discourage people from putting automobiles into a RLT due to lawsuit concerns. But I have no idea how to evaluate those issues. The probate issue varies by state and the OP should let us know what his state law says. For my state, we have a TOD deed option as well a...
by HueyLD
Tue Jan 15, 2019 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Non-English speaking elderly care options
Replies: 12
Views: 682

Re: Non-English speaking elderly care options

It is a very tough situation. But the grandma took care of your wife when no one else would. Your wife would likely have been raised in an orphanage without the grandma. So, she really really owes the grandma her life. Try to compromise for a while. You can take her in and hire an in-home aide (who ...
by HueyLD
Sat Jan 12, 2019 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: VTI to VTSAX... taxable event?
Replies: 12
Views: 1096

Re: VTI to VTSAX... taxable event?

I own shares of VTI in my taxable account. If I exchange to VTSAX, is this a taxable event (assuming there are some capital gains)? The reason for the change is the ability to purchase partial shares versus only being able to purchase whole shares of VTI. I don't really care for the ability to trad...
by HueyLD
Sat Jan 12, 2019 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Tax software for filing state returns
Replies: 12
Views: 502

Re: Tax software for filing state returns

No, it was three months from mid-April.
by HueyLD
Sat Jan 12, 2019 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Tax software for filing state returns
Replies: 12
Views: 502

Re: Tax software for filing state returns

I think some states may not be set up to process mailed in tax returns efficiently. My state may be one of them. In an effort to save on efiling state return, I mailed mine in. But it took them almost three months to process my return and I was getting nervous. I had a balance due and didn't want an...
by HueyLD
Fri Jan 11, 2019 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Can't change address on "My Social Security" site
Replies: 6
Views: 711

Re: Can't change address on "My Social Security" site

Probably OT, but here goes... It says there should be a "My Profile" tab, but when I'm logged in I don't have that. Does anyone else have this problem? How do I change my address otherwise? Interesting. I created a social security account several years ago but I am not on Medicare or social securit...
by HueyLD
Fri Jan 11, 2019 9:52 am
Forum: Personal Consumer Issues
Topic: Comcast didn't deliver as promised
Replies: 16
Views: 1667

Re: Comcast didn't deliver as promised

I got a resolution to my complaint. Comcast issued (is supposed to issue) me a credit for the difference of what I am currently paying and what was promised for this year. I found a few execs email addresses and sent them the play by play of the issue + the escalation ticket number that was created...
by HueyLD
Thu Jan 10, 2019 4:14 pm
Forum: Investing - Theory, News & General
Topic: Ally-14 month Select CD at 2.85%
Replies: 25
Views: 6070

Re: Ally-14 month Select CD at 2.85%

Maybe a dumb question but here it goes: Can you withdraw any of the interest you earn on this ally cd or is the interest reinvested into the cd or looked up somehow? Ally's default method is to credit accrued interest to your CD at maturity (for terms of up to one year) or at Dec. 31 (for terms gre...
by HueyLD
Thu Jan 10, 2019 3:39 pm
Forum: Investing - Theory, News & General
Topic: Ally-14 month Select CD at 2.85%
Replies: 25
Views: 6070

Re: Ally-14 month Select CD at 2.85%

DaftInvestor wrote:
Thu Jan 10, 2019 2:02 pm
What's the EWP on this offer? (I clicked the link and it says an EWP will apply but didn't state what it was).
For CDs with terms of up to 2 years, the EWP is 60 days.
by HueyLD
Thu Jan 10, 2019 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Tax concerns about buying CDs at discount/premium
Replies: 8
Views: 473

Re: Tax concerns about buying CDs at discount/premium

Yes.

You may want to read the instructions for Form 1099-INT and 1099-OID. https://www.irs.gov/pub/irs-pdf/i1099int.pdf

As I said earlier, your brokerage should do the work for you.
by HueyLD
Thu Jan 10, 2019 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Tax concerns about buying CDs at discount/premium
Replies: 8
Views: 473

Re: Tax concerns about buying CDs at discount/premium

Van, If your brokerage account is with Fidelity, you will be provided with all the tax information you need. In the old days, an investor had to calculate premium amortization and discount accretion. But it is the brokerage’s responsibility now. I don’t know anything about VBS. BTW, you won’t get a ...
by HueyLD
Tue Jan 08, 2019 7:45 pm
Forum: Personal Consumer Issues
Topic: Comcast didn't deliver as promised
Replies: 16
Views: 1667

Re: Comcast didn't deliver as promised

A440, Did you speak with someone in the "disconnect" department or the billing department? You have a better chance at getting a good offer from someone working in the disconnect department. I don't think billing department employees have the same discretion as those in the disconnect department. Wh...
by HueyLD
Tue Jan 08, 2019 1:54 pm
Forum: Personal Consumer Issues
Topic: Comcast didn't deliver as promised
Replies: 16
Views: 1667

Re: Comcast didn't deliver as promised

What’s your billing cycle? Your probably called Comcast after the December billing date when the January invoice was already generated. The difference should be credited to your account and should show up on your next bill. However, if you don’t want to wait, call again and give them the name of the...
by HueyLD
Tue Jan 08, 2019 11:13 am
Forum: Investing - Theory, News & General
Topic: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]
Replies: 145
Views: 8365

Re: More Nanny State From Vanguard

What does nanny state have anything to do with Vanguard's decision regarding their product offering?

In a free enterprise, a company is free to offer what it wants to offer and the customer is free to vote with his/her feet.
by HueyLD
Tue Jan 08, 2019 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Best brokerage for TIPS?
Replies: 7
Views: 518

Re: Best brokerage for TIPS?

I have a traditional IRA account at Vanguard (includes a MM). Does this mean that I can purchase individual TIPS at auction using this account? But, I cannot use my Treasury Direct account to purchase TIPS for my traditional IRA, right? Yes, you can buy individual TIPS at VBS. But you cannot do the...
by HueyLD
Mon Jan 07, 2019 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Escaping capital gains on second home ideas?
Replies: 22
Views: 1551

Re: Escaping capital gains on second home ideas?

We do not discuss tax practices that may be illegal. In addition, the forum policy disallows such discussions.
by HueyLD
Mon Jan 07, 2019 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Escaping capital gains on second home ideas?
Replies: 22
Views: 1551

Re: Escaping capital gains on second home ideas?

According to Pub 523: "Sale of your main home You may take the exclusion, whether maximum or partial, only on the sale of a home that is your principal residence, meaning your main home. An individual has only one main home at a time. If you own and live in just one home, then that property is your ...
by HueyLD
Mon Jan 07, 2019 9:10 am
Forum: Personal Finance (Not Investing)
Topic: How Does MD Tax Qualified Dividends & Capital Gains?
Replies: 4
Views: 402

Re: How Does MD Tax Qualified Dividends & Capital Gains?

It is not unusual for states to not recognize federal rules on QDI and LTCG, including states not known for high tax burden.

Same can be said for depreciation rules, among others.
by HueyLD
Sat Jan 05, 2019 5:00 pm
Forum: Personal Consumer Issues
Topic: Shingrix [Vaccine availability]
Replies: 97
Views: 8677

Re: Shingrix [Vaccine availability]

My neighborhood Walgreens maintains a wait list and I was told that they had more than a thousand customers on the list. OMG!
by HueyLD
Sat Jan 05, 2019 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: 2016 Tax Correction - Worth It? (Likely Investigation)
Replies: 12
Views: 1112

Re: 2016 Tax Correction - Worth It? (Likely Investigation)

-We are foster parents. -Child DOB is 9/8/2016 -Said child was placed with us 9/11/2016 and remained with us thru the end of the year (and beyond). -My understanding is we were allowed to claim him (with us for greater than 1/2 the year with respect to his birth) -We didn't claim him (my wife is to...
by HueyLD
Fri Jan 04, 2019 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: 5 year CDs @Penfed mature 1/22/19
Replies: 30
Views: 2990

Re: 5 year CDs @Penfed mature 1/22/19

I expect Penfed to continue to lose deposits due to their absolutely unacceptable EWPs. I don't like to break a CD, but I have done so when the opportunity cost of holding an old CD exceeded the benefit by a sufficient margin. Penfed's EWP makes it very difficult to keep long term money there becaus...
by HueyLD
Fri Jan 04, 2019 3:31 pm
Forum: Personal Consumer Issues
Topic: Keeping old statements from closed accounts
Replies: 22
Views: 1901

Re: Keeping old statements from closed accounts

If you made any after tax contribution to traditional IRA or 401(k), keep the related records.

Keep the statement showing the first year you made Roth IRA contribution.

All others can probably be shredded.
by HueyLD
Fri Jan 04, 2019 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: HRBlock Appears to be Calculating Tax Wrong 1/4/2019
Replies: 25
Views: 2152

Re: HRBlock Appears to be Calculating Tax Wrong 1/4/2019

Does the filing status match between your spreadsheet and the HRB?
by HueyLD
Fri Jan 04, 2019 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: State Taxation of SNOXX
Replies: 2
Views: 223

Re: State Taxation of SNOXX

Yes, the interest is exempt from Cali taxation as 99.99% of assets were U.S. Gov. Obligations according to Schwab’s 2017 Tax reporting info.

https://www.abacusplanninggroup.com/wp- ... xA7C16.pdf
by HueyLD
Thu Jan 03, 2019 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: EE Savings Bonds Help
Replies: 11
Views: 810

Re: EE Savings Bonds Help

Still looking for someone to answer question about the 1099 being issued in 2019 when maturity was in 2018 so taxes need to be paid in 2018. You are supposed to report all unreported interest income when the bonds matured in 2018. I assume that the bonds in question were paper bonds. Since they wer...
by HueyLD
Thu Jan 03, 2019 11:08 am
Forum: Personal Finance (Not Investing)
Topic: 529 - limits and contribution
Replies: 6
Views: 599

Re: 529 - limits and contribution

According to Mass Educational Funding Authority: "Q: If a family opens a 529 college savings account, and the student beneficiary then develops a disability, can the family roll the funds from the 529 account into an ABLE account? A: At this time, 529 account funds cannot be rolled into an ABLE acco...
by HueyLD
Thu Jan 03, 2019 10:29 am
Forum: Investing - Help with Personal Investments
Topic: transfering assets to Vanguard 529
Replies: 1
Views: 145

Re: transfering assets to Vanguard 529

"Can I roll over my existing 529 account to The Vanguard 529 Plan? Yes, the IRS allows one tax-free rollover of a 529 account per beneficiary in a 12-month period. (If you violate the 12-month rule, you must treat the transaction as a nonqualified distribution and pay federal income tax and a 10% pe...
by HueyLD
Wed Jan 02, 2019 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Name incorrectly spelled on new 401k account
Replies: 3
Views: 305

Re: Name incorrectly spelled on new 401k account

Our company is changing 401k recordkeepers from Charles Schwab to T.Rowe Price. I noticed that my middle name is incorrectly spelled on my new T. Rowe account. I told my company 401 admin and she seemed to think that this was no big deal and that we should wait until the transition is complete to r...
by HueyLD
Wed Jan 02, 2019 6:51 am
Forum: Investing - Help with Personal Investments
Topic: VBILX dividend not received
Replies: 3
Views: 483

Re: VBILX dividend not received

I assume that the OP has the new brokerage account. My mutual fund only accounts had all distributions posted at month end as expected. My non-Vanguard brokerage accounts also had all expected distributions posted at month end. I think Vanguard really really needs to work on their 19th century IT sy...
by HueyLD
Tue Jan 01, 2019 6:30 pm
Forum: Personal Consumer Issues
Topic: Save expired passports?
Replies: 26
Views: 2167

Re: Save expired passports?

Mingus wrote:
Tue Jan 01, 2019 6:22 pm
I keep all my expired forms of ID. The whole lot of them combined takes up minimal space. Someone in the future might remark on how super handsome their granddad was and know where their good looks came from.
+1.
by HueyLD
Tue Jan 01, 2019 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Inheriting spousal 401k
Replies: 9
Views: 797

Re: Inheriting spousal 401k

my father in law is imminently dying. He is over 70.5 and presumably has been taking RMDs. Mother in law is under 70.5. They live in Texas if that matters. Both are retired. She does not know if she is named beneficiary of his 401k. He would not have named anyone else but it’s possible he named no ...
by HueyLD
Mon Dec 31, 2018 4:19 pm
Forum: Investing - Theory, News & General
Topic: "pjtallman" Wins The 2018 Boglehead Contest
Replies: 12
Views: 1713

Re: "Christine_NM" Wins The 2018 Boglehead Contest

Congrats to Christine. Better than the best.
by HueyLD
Mon Dec 31, 2018 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Free Muni Bonds
Replies: 12
Views: 1129

Re: Tax Free Muni Bonds

Looking for Tax-Free Muni bonds. I know Nuveen offers lots of bonds. A couple of questions: 1) Are bonds risk-free except if the county goes bankrupt? 2) How liquid are bonds? How much money do you plan to devote to individual munis? According to Larry Swedroe, you need to have at least $500k, pref...
by HueyLD
Mon Dec 31, 2018 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Remaining funds from Direct Transfer
Replies: 7
Views: 219

Re: Remaining funds from Direct Transfer

Hey all, I recently did a trustee transfer of two IRA's from Vanguard to Merrill Edge. The transfers went through but some nominal funds (a few hundred bucks) have remained in the accounts at Vanguard. I spoke with Merrill and they told me I need to speak with Vanguard. I spoke with Vanguard and th...
by HueyLD
Sun Dec 30, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: QBI for 199a deduction for rental income?
Replies: 2
Views: 183

Re: QBI for 199a deduction for rental income?

The "no end in sight" government shutdown has thrown a monkey wrench into the IRS' ability to issue a guidance on the definition of rental activity as a trade or business as defined in Sec. 162(a) for the purpose of Sec. 199A. Hopefully the answer is affirmative, but the timing of the guidance can b...
by HueyLD
Sun Dec 30, 2018 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Does personal holding period apply to Long Term Capital Gains distributions?
Replies: 9
Views: 730

Re: Does personal holding period apply to Long Term Capital Gains distributions?

Global100 asked: "Anyone know if LT CG distributions from mutual funds lose preferential tax treatment if the investor did not meet the personal holding period?" These are two separate issues. If you sell MF shares held for six months or less at a loss, see above post from libra. Otherwise, use MF c...
by HueyLD
Sun Dec 30, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Ally No Penalty CDs and Taxes
Replies: 11
Views: 1241

Re: Ally No Penalty CDs and Taxes

At maturity or redemption.
by HueyLD
Sat Dec 29, 2018 11:31 am
Forum: Personal Consumer Issues
Topic: How to Shop Around and Negotiate Car Repair?
Replies: 24
Views: 1123

Re: How to Shop Around and Negotiate Car Repair?

This is a great opportunity to shop for and find a reputable, perhaps small family style, independent auto repair shop with reasonable prices (keeps the price low and fair for you), is fair and honest, does the work in a timely manner, does excellent work, and cares about you and building a long te...
by HueyLD
Sat Dec 29, 2018 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Turbotax Mac - What if analysis`
Replies: 4
Views: 581

Re: Turbotax Mac - What if analysis`

I have the downloaded PC version, but Mac version should have the same functionality.


Switch to the Form mode and click on "Open Form." Find the "What-If Wks" and plug away.
by HueyLD
Sat Dec 29, 2018 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Will question re: Fidelity acct beneficiaries
Replies: 17
Views: 1235

Re: Will question re: Fidelity acct beneficiaries

Yes, the named beneficiaries of your accounts will get the money regardless of what the will says.
by HueyLD
Sat Dec 29, 2018 7:30 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax Prices
Replies: 302
Views: 39150

Re: TurboTax Prices

TravelGeek wrote:
Fri Dec 28, 2018 11:03 pm
Now that I have more time in ER, I might actually do our taxes a few times - with TT, by hand/pencil, and maybe with this tool.
Do you spend your time in Emergency Room? Goodness, please be well.
by HueyLD
Thu Dec 27, 2018 5:18 pm
Forum: Local Chapters and Bogleheads Community
Topic: My New Avatar
Replies: 23
Views: 1420

Re: My New Avatar

Two of the three guys in my avatar are my cousins.
by HueyLD
Wed Dec 26, 2018 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: help with estate issue - cost basis for treasury direct notes
Replies: 3
Views: 216

Re: help with estate issue - cost basis for treasury direct notes

TreasuryDirect has answers for you. See the attached link and enter the date you want the values.

https://www.treasurydirect.gov/GA-FI/Fe ... ceDate.htm

P.s. Sorry for your loss.
by HueyLD
Tue Dec 25, 2018 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else unable to login to Vanguard?
Replies: 19
Views: 1579

Re: Anyone else unable to login to Vanguard?

OP,

Did you try VPN?