Search found 6575 matches

by HueyLD
Sat Feb 23, 2019 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to ensure USPS mailed tax return makes it to IRS
Replies: 20
Views: 637

Re: Best way to ensure USPS mailed tax return makes it to IRS

I used to mail in my state returns using first class only. However, my state had a huge backlog one year coupled with staff shortage. My return was not processed until 30 days after the mail date even though I had a balance due check in the envelope. The check was finally cashed about 30 days past t...
by HueyLD
Sat Feb 23, 2019 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to ensure USPS mailed tax return makes it to IRS
Replies: 20
Views: 637

Re: Best way to ensure USPS mailed tax return makes it to IRS

Aside from putting a stamp on occasional snail mail, I rarely use the USPS. But I am aware of the horrors of lost mail. This year, I decided to do my taxes by hand using downloadable forms and would like to mail the return in. I’d like to do everything I can to ensure it arrives at the IRS. Could s...
by HueyLD
Sat Feb 23, 2019 12:59 pm
Forum: Personal Investments
Topic: I bond double dipping?
Replies: 2
Views: 240

Re: I bond double dipping?

Hi all, I'm new here. I see there is a lot of knowledge here regarding I bonds. In fact, that's how I ended up here by searching for info on this question. I have quite a few I bonds that I've purchased over the last 8 years. I'm planning on buying more this year with the .5% fixed rate. However, i...
by HueyLD
Sat Feb 23, 2019 11:12 am
Forum: Personal Consumer Issues
Topic: How did mylife.com get my info?
Replies: 68
Views: 4689

Re: How did mylife.com get my info?

Out of curiosity I checked my profile on mylife.com.

It contians incorrect information, including my birthday, family members, marital status, political affiliation, name spelling, neighbors, among other things.

I think the accuracy of its data is relatively poor.
by HueyLD
Sat Feb 23, 2019 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Why Working as a Senior Male is Wise...
Replies: 22
Views: 1780

Re: Why Working as a Senior Male is Wise...

As a 68-year-old man, I have decided that it is better for me to keep working than stop completely. In my case, I retired as a teacher in 2005. However, I have been fortunate to have flexible part-time work that I find very meaningful. In my case it involves working as an editor for a small publish...
by HueyLD
Sat Feb 23, 2019 8:14 am
Forum: Personal Consumer Issues
Topic: Return rejected by IRS (anyone seen "processing issues" from HR Block?)
Replies: 14
Views: 1254

Re: Return rejected by IRS (anyone seen "processing issues" from HR Block?)

I wonder if the OP may have some unusual form(s) that the IRS is not ready to electronically receive until March 10.

Anyway, just wait until March 11.
by HueyLD
Sat Feb 23, 2019 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Wash Sale Reporting.....All Shares Sold
Replies: 4
Views: 334

Re: Wash Sale Reporting.....All Shares Sold

I assume that Kaneohe uses a professional software for free and the software does not allow importing.

To answer his question, if the net total wash sale amount is zero (e.g. +100 on one sale and -100 on another sale), it is not worth worrying about entering the detail for each sale.
by HueyLD
Fri Feb 22, 2019 3:01 pm
Forum: Personal Consumer Issues
Topic: Return rejected by IRS (anyone seen "processing issues" from HR Block?)
Replies: 14
Views: 1254

Re: Return rejected by IRS (anyone seen "processing issues" from HR Block?)

Is there a rejection code associated with the rejection?
by HueyLD
Fri Feb 22, 2019 11:32 am
Forum: Personal Finance (Not Investing)
Topic: S.S. Step up on death of spouse. Automatic?
Replies: 6
Views: 434

Re: S.S. Step up on death of spouse. Automatic?

Dottie57 wrote:
Fri Feb 22, 2019 11:28 am
Sorry for your loss.

Yes, if S.S. is notified of death and you receive benefits now, you will automatically start getting larger benefits. My mom did after dad died.
Was your mom collecting spousal benefit at the time of his death?
by HueyLD
Fri Feb 22, 2019 11:09 am
Forum: Personal Finance (Not Investing)
Topic: S.S. Step up on death of spouse. Automatic?
Replies: 6
Views: 434

Re: S.S. Step up on death of spouse. Automatic?

So sorry for your loss, littlebird. The SSA says: “If you already receive benefits as a spouse, your benefit will automatically convert to survivors benefits after we receive the report of death. ... For those already receiving retirement benefits, you can only apply for benefits as a widow or widow...
by HueyLD
Thu Feb 21, 2019 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Married Filing Separately to control IRMAA costs
Replies: 11
Views: 701

Re: Married Filing Separately to control IRMAA costs

Based on the above I think that we would generate a combined savings of $108.4 per month ($541.80 - $433.40). However, as I stated I am new to all of this and I do not want to make a foolish mistake which is why I started this thread. It seems you left out your wife's Medicare premium for filing si...
by HueyLD
Thu Feb 21, 2019 7:51 am
Forum: Personal Investments
Topic: Transfer to Vanguard and medallion signature guarantee
Replies: 15
Views: 1098

Re: Transfer to Vanguard and medallion signature guarantee

This is location dependent, but getting a medallion signature guarantee (MSG) may be extremely difficult, if not next to impossible. I understand that some locations are easier than others. And the requirements for MSG vary widely by company. The only way to get accurate answers is to contact both c...
by HueyLD
Thu Feb 21, 2019 7:41 am
Forum: Personal Consumer Issues
Topic: Answering income question in a survey
Replies: 22
Views: 1607

Re: Answering income question in a survey

I never answer income questions. As a prior poster has pointed out, no matter what the alleged purpose of the survey is, there may be an ulterior motive. Or the data may be stolen online by some kind of threat actor that could be looking for people to target. If an online survey will not allow movi...
by HueyLD
Thu Feb 21, 2019 12:39 am
Forum: Personal Investments
Topic: Software and Tax Software Selects Schedule D vs Form 8949 for Reporting Stock Transactions?
Replies: 5
Views: 411

Re: Software and Tax Software Selects Schedule D vs Form 8949 for Reporting Stock Transactions?

Did you read the following in Form 8949 instructions? “Form 8949 isn't required for certain transactions. You may be able to aggregate those transactions and report them directly on either line 1a (for short-term transactions) or line 8a (for long-term transactions) of Schedule D. This option applie...
by HueyLD
Wed Feb 20, 2019 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Does a prenup completely protect your assets in an equitable distribution state or do you still have to give something?
Replies: 4
Views: 732

Re: Does a prenup completely protect your assets in an equitable distribution state or do you still have to give somethi

The requirements for a prenup are governed by your state law. In my state, child support obligations cannot be reduced by any prenup. So, the OP may have to give up a good chunk of his assets if he wishes to have lots of children with the potential wife. In addition, if the prenup would put the spou...
by HueyLD
Wed Feb 20, 2019 6:43 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax eFile fails with "cancelled"
Replies: 8
Views: 1336

Re: TurboTax eFile fails with "cancelled"

Thank you for the update.

It is interesting that starting a new return and reentering the data corrected the problem. My suspicion is that all the software updates corrupted your tax file. But the same problem seemed to come up every year.
by HueyLD
Tue Feb 19, 2019 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting for new immigrant dad health care
Replies: 19
Views: 1024

Re: Budgeting for new immigrant dad health care

It is impossible to help you with your questions. At his age, all it takes is one serious illness to incur hundreds of thousands of dollars in medical expenses in this country. However, sign him up for the best ACA insurance you can find in your area and the choices again vary widely by state and by...
by HueyLD
Tue Feb 19, 2019 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Schedule CA (540) - adjusting for Treasury MMF (VUSXX)
Replies: 3
Views: 182

Re: Schedule CA (540) - adjusting for Treasury MMF (VUSXX)

Which tax software do you use?

In TurboTax, there is a box directly beneath the 1099-DIV ordinary dividends box that asks you for the amount of treasury dividends. If you enter an amount there, it will be substracted on your state tax return.
by HueyLD
Tue Feb 19, 2019 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Form W-4 - Exemption From Withholding
Replies: 16
Views: 334

Re: Form W-4 - Exemption From Withholding

The rules are clearly stated on form W-4 instructions as follows: “Exemption from withholding. You may claim exemption from withholding for 2019 if both of the following apply. • For 2018 you had a right to a refund of all federal income tax withheld because you had no tax liability, and • For 2019 ...
by HueyLD
Tue Feb 19, 2019 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 197
Views: 19410

Re: Losing a job in your 50's...

One possible complication with the AirBnB route.

Your city/town may raise your property tax mileage rate because your residence is now a rental and there may be a major spike in your property tax.

Check with your city gov. first.
by HueyLD
Tue Feb 19, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: When to take SS
Replies: 16
Views: 1732

Re: When to take SS

Only 52 and wife is 53 but doing retirement planning. We are looking to retire around age 60-61. Wife is a teacher with pension (California). As a teacher she is not eligible for Social Security (only fair since she doesn't pay in), nor will she get 1/2 of mine. What I've recently learned is she wi...
by HueyLD
Tue Feb 19, 2019 7:02 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax eFile fails with "cancelled"
Replies: 8
Views: 1336

Re: TurboTax eFile fails with "cancelled"

Having done my 2018 tax returns using TurboTax on a Mac, when I try to file electronically it fails with this message: cancelled Looks like we've had a technical hiccup. Try e-filing again. If that doesn't work, you can print your return and file by mail. It has been like this for several days now....
by HueyLD
Mon Feb 18, 2019 5:23 pm
Forum: Personal Investments
Topic: 2019 I-Bonds Purchase Now Or Wait For New Rates
Replies: 14
Views: 2102

Re: 2019 I-Bonds Purchase Now Or Wait For New Rates

January 31 is coming soon. Remember to do it a couple of days before month end so that you don’t miss the January deadline. I'm sorry, what January deadline are you referring to? If you purchase I bonds by a month end, you get the interest for the entire month even if they only have your money for ...
by HueyLD
Mon Feb 18, 2019 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Unusual Insurance Situation
Replies: 10
Views: 1415

Re: Unusual Insurance Situation

You need to read the detail in your umbrella policy. In addition, you should talk to Geico's umbrella insurance department and ask the questions there. Make sure the agent is aware of the location and usage of this car. FWIW, an umbrella insurance contract is governed by your state law and may vary ...
by HueyLD
Mon Feb 18, 2019 8:38 am
Forum: Investing - Theory, News & General
Topic: Vanguard Customer Service is Horrible
Replies: 73
Views: 6179

Re: Vanguard Customer Service is Horrible

Vanguard is a great company for its products, but its customer service is only o.k. And Vanguard first level reps seem to not know anything beyond the 5th grade level. They can handle routine issues, but not non-routine ones. It appears that those who are satisfied with Vanguard service only contact...
by HueyLD
Mon Feb 18, 2019 7:41 am
Forum: Personal Finance (Not Investing)
Topic: NO Gift Tax on Gifts >$15k in a Year
Replies: 20
Views: 1838

Re: NO Gift Tax on Gifts >$15k in a Year

abuss368 wrote:
Sun Feb 17, 2019 8:40 pm
You are correct. Form 709 is not difficult.
Well, rebuilding my car's engine is not difficult for a mechanic, but it may be difficult for most people.
by HueyLD
Mon Feb 18, 2019 7:32 am
Forum: Personal Finance (Not Investing)
Topic: NO Gift Tax on Gifts >$15k in a Year
Replies: 20
Views: 1838

Re: NO Gift Tax on Gifts >$15k in a Year

I would like to thank Will for starting this thread.

If I could earn a dime ever time someone asked about gift tax, I would be a very wealthy person.
by HueyLD
Sun Feb 17, 2019 2:53 pm
Forum: Personal Investments
Topic: Incorrect 1099-INT [Insight], options besides calling bank?
Replies: 22
Views: 1246

Re: Incorrect 1099-INT [Insight], options besides calling bank?

Alternatively, you can "right click" on the Schedule B "Payer's Name" column and enter whatever description you deem appropriate. Also use right click to enter the negative adjustment amount.
by HueyLD
Sun Feb 17, 2019 2:22 pm
Forum: Personal Consumer Issues
Topic: Has anybody here bought a 2018 Toyota Camry with the 2.5 engine and are you happy with it? Pro's and Con's
Replies: 10
Views: 1607

Re: Has anybody here bought a 2018 Toyota Camry with the 2.5 engine and are you happy with it? Pro's and Con's

It appears that you are thinking about buying a Camry LE which has 2.5L engine. It is a very smooth and relatively quick car. Of course it may not be fast enough for you if like to outrun other drivers on the freeways. And despite its 2.5L engine, it has no trouble climbing up and down the big mount...
by HueyLD
Sun Feb 17, 2019 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: HR Block online costs (cheaper way to do state?) And is a return in iBonds smart?
Replies: 11
Views: 378

Re: HR Block online costs (cheaper way to do state?) And is a return in iBonds smart?

The OP can have the refund directly deposited into her TD account. See these links: https://www.irs.gov/pub/irs-pdf/f8888.pdf https://www.treasurydirect.gov/indiv/research/articles/res_invest_articles_tax_refund_1208.htm I was confused about that. Does this mean that now one can effectively purchas...
by HueyLD
Sun Feb 17, 2019 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 197
Views: 19410

Re: Losing a job in your 50's...

Job loss is never fun, and losing one in middle age is like double whammy. The big corp. I worked for decided to sell itself to a mega corp. in the same industry. Needless to say, the vast majority of the employees lost their jobs while the top executives received huge golden parachute. But that's l...
by HueyLD
Sat Feb 16, 2019 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: tax deduction for vehicle donation
Replies: 13
Views: 599

Re: tax deduction for vehicle donation

I donated my ancient undrivable car to a vehicle donation program that directs the proceeds to a charity I support. It's a legitimate program and a tax certified charity. If the car sells for less than $500, you get a letter from the program saying that. If it sells for more than that, you get a le...
by HueyLD
Sat Feb 16, 2019 6:11 pm
Forum: Personal Consumer Issues
Topic: CCRCs and LTCi
Replies: 9
Views: 532

Re: CCRCs and LTCi

I think that I understand the model used by most CCRCs, that you start in independent living and move to assisted living, then custodial care or memory care, and then perhaps skilled nursing, then possibly hospice. Some of these facilities say that there would be no increase in costs when moving be...
by HueyLD
Sat Feb 16, 2019 4:32 pm
Forum: Personal Investments
Topic: Why did Ordinary dividends and Qualified Dividends go up 300% YoY?
Replies: 7
Views: 613

Re: Why did Ordinary dividends and Qualified Dividends go up 300% YoY?

Did you convert to the new brokerage platform in 2017?

When making comparison, did you add up both MF and brokerage accounts income for 2017 if you indeed converted in 2017?
by HueyLD
Sat Feb 16, 2019 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block tax preparation software and Form 1116
Replies: 15
Views: 726

Re: H&R Block tax preparation software and Form 1116

You can switch back to TaxAct or switch to TurboTax. Thanks. Related question, why do you think people feel the need to post clearly unhelpful suggestions? I meant 100% to be helpful even though you may have gotten a different impression. As you said, TA was helpful and I can tell you that TT is de...
by HueyLD
Sat Feb 16, 2019 10:33 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block tax preparation software and Form 1116
Replies: 15
Views: 726

Re: H&R Block tax preparation software and Form 1116

You can switch back to TaxAct or switch to TurboTax.
by HueyLD
Sat Feb 16, 2019 7:35 am
Forum: Personal Investments
Topic: 2018 1099-B
Replies: 4
Views: 357

Re: 2018 1099-B

cartman wrote:
Sat Feb 16, 2019 6:37 am
Vanguard appears to be somewhat late this year with making the 2018 1099-B's available on-line.

Curious if anyone else is experiencing this.
It is better late than having to issue corrected form in the heat of the summer.

You can review the 1099-B data online after logging into your account.
by HueyLD
Fri Feb 15, 2019 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block software bug: tax-exempt interest with bond premium and accrued interest
Replies: 17
Views: 673

Re: H&R Block software bug: tax-exempt interest with bond premium and accrued interest

It looks to me that the HRB software assumes that the accrued interest (AI) should be reduced proportionally by the ratio of ABP to actual interest paid and that's an incorrect assumption. Any theory where that assumption might have been coming from? Is there any scenario where that ratio has signi...
by HueyLD
Fri Feb 15, 2019 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block software bug: tax-exempt interest with bond premium and accrued interest
Replies: 17
Views: 673

Re: H&R Block software bug: tax-exempt interest with bond premium and accrued interest

O.k., I think I get what the problems are in the software. TT has the same problem with assigning ABP and AI to home state vs. other states because there is only one entry for ABP and one entry for AI per 1099. The workaround (ha ha) is to have a 1099 for your home state only for the gross interest,...
by HueyLD
Fri Feb 15, 2019 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block software bug: tax-exempt interest with bond premium and accrued interest
Replies: 17
Views: 673

Re: H&R Block software bug: tax-exempt interest with bond premium and accrued interest

I am surprised that the HRB does not have an easy screen to enter a non-CA muni amount.

In TT, it asks you the % or $ of your home state muni income and the remainder as other states income.

Such questions immediately after entering the total muni income are very intuitive and simple.
by HueyLD
Fri Feb 15, 2019 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block software bug: tax-exempt interest with bond premium and accrued interest
Replies: 17
Views: 673

Re: H&R Block software bug: tax-exempt interest with bond premium and accrued interest

O.k. It looks to me that the HRB software assumes that the accrued interest (AI) should be reduced proportionally by the ratio of ABP to actual interest paid and that's an incorrect assumption. Numerically: Scenario One: 10,000 :actual interest received (2,000) :20% of 10,000 8,000 (1,600) :20% of 8...
by HueyLD
Fri Feb 15, 2019 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: SS Application question
Replies: 3
Views: 372

Re: SS Application question

Your link pertains to SSI, not regular social security benefits.

For social security payments while outside of the U.S., see this pub.
https://www.ssa.gov/pubs/EN-05-10137.pdf
by HueyLD
Fri Feb 15, 2019 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Rollover IRA to Roth IRA Backdoor Tax [Non-resident working in US]
Replies: 7
Views: 349

Re: Rollover IRA to Roth IRA Backdoor Tax [Non-resident working in US]

Are you still on F-1 visa? Your situation is such that you may want to wait until your visa status changes to a H1B or something similar that allows you to become a resident for tax purpose before you become a permanent resident for immigration purpose. As a NRA, you may want to keep your money in t...
by HueyLD
Fri Feb 15, 2019 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Do you tell your beneficiaries?
Replies: 69
Views: 4227

Re: Do you tell your beneficiaries?

If a beneficiary even shows any sign of thinking that I am more valuable dead than alive, (s)he will be removed from the beneficiary list.
by HueyLD
Fri Feb 15, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: turbo tax online deleting form 2210 help
Replies: 17
Views: 610

Re: turbo tax online deleting form 2210 help

Print Form 2210 and review it line by line.

Go back to the step-by-step input screen and answer the questions correctly by reading every single question very slowly. I think you may have answered "yes" instead of "no" for one of the questions.
by HueyLD
Fri Feb 15, 2019 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: turbo tax online deleting form 2210 help
Replies: 17
Views: 610

Re: turbo tax online deleting form 2210 help

Livesoft- it clearly states that I don’t owe any penalty and to fix form 2210 . $110 federal tax is what I owe. Think it is a software bug. Can you see the actual form 2210? It is totally possible to owe underpayment penalty if you did not pay your taxes in a timely manner. And you could have under...
by HueyLD
Fri Feb 15, 2019 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block software bug: tax-exempt interest with bond premium and accrued interest
Replies: 17
Views: 673

Re: H&R Block software bug: tax-exempt interest with bond premium and accrued interest

Can you use the form mode to enter those three numbers? I never used HRB, but TurboTax in the form mode allows me to enter $10,000 in box 8 (TE interest), $2,000 in box 13 (ABP on TE bonds) and $2,000 as Accrued Interest on the Adjustments section near the bottom of the screen. And the net TE intere...