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We don't have a landline anymore. It is trivial to block the Fidelity phone number on my cell phone, so I have done so.

6d1v7x3 wrote: ↑Thu Mar 23, 2023 2:56 pm Just so everyone knows I bought these shares back when they were worth more than they are now. So that means I'd be gifting unrealized capitol losses? Sorry for my ignorance. Does the fact that my family member won't be selling matter? Thank you again for your help.

Why not sell them and gift the cash?

6d1v7x3 wrote: ↑Thu Mar 23, 2023 1:57 pmCan you please tell me what the rules are for unrealized losses? Thank you.

Sorry, I cannot as I have never had to do that, so I have not studied them.

Conveniently, this was just posted a few days ago: viewtopic.php?t=400421

A lot of the comments assume there are unrealized capital gains, but there could be unrealized capital losses. The rules are a little different if one gifts shares that have unrealized losses.

Note enough info. Is your family eligible for the American Opportunity Tax Credit? The Lifetime Learning Credit? Other education tax credits?

JenniferW wrote: ↑Wed Mar 22, 2023 4:22 pmBut with this setup I am guaranteed a near 5% return with potential of buying VTI at nice discounts as well. Seems like a win for 25% of an emergency fund.

What do you mean "Seems like a win"?? If all those orders execute, then with the last order executing at $160, you will have lost some money.

Instead of submitting limit orders, maybe just have your brokerage send you an alert if VTI trades at those prices, so that you can at that point in time decide what to do?

I like that you are doing this. I am sure you will learn something from it.

Miriam2 wrote: ↑Wed Mar 22, 2023 4:14 pm

livesoft wrote: ↑Wed Mar 22, 2023 3:45 pm Nope, never. But that's probably because I never patronize these establishments.

Oh livesoft - next holiday season, just for a little treat, go in or drive through Starbucks & order a hot Peppermint Mocha Frappuccino - I'll pay

Noted. Thanks!

Nope, never. But that's probably because I never patronize these establishments.

joechristmas wrote: ↑Wed Mar 22, 2023 1:42 pm Bolivar - Pro: Quiet; Con: Not easy to get to
[...]

Thanks, been to all those more than once over the past 45 years. Our favorite is Mustang Island halfway between Port A and Corpus. I don't care about "recreation" myself as just running in the morning along the deserted shoreline is all I need. But folks can play golf in Corpus and take fishing trips out of Port A. A plus is that the sand there is superb for sand castle building because the amount of silt and oil allows for towering structures that you cannot make with sand from other beaches.

Since you've been to the Texas beaches already, I would not mind reading a sentence or two about all the ones you have been to with one good point and one bad point about each of them. Thanks!

If one can make partial transfers as already noted AND if one is not 100% equities, then doing a transfer can be easy. Repeat until done: 1. Transfer existing cash allocation. In existing account: Sell some bond fund shares when bond funds are not volatile or they have popped. For instance, today the FOMC has a press conference and something will happen to bond fund shares later today, so it could be a good day or not. 2. Transfer cash from sold funds. 3. After successful transfer: Exchange bonds+cash into equity funds in new account. On same day in old account: Exchange equity funds into cash. 4. Repeat Steps 2 and 3. Until all transferred. There would no zero days that hasn't kept equity allocation intact and a maybe a few days when bond ...

I think an answer would be:

1. Import your 1099-B into your tax-prep software.

2. Your tax-prep software will do the right thing. Look at your Form 1040 Schedule D to understand what your tax-prep software did.

Remember (after wash sale losses are used to adjust cost basis and in doing so become unrealized):
a. Long-term loss offset Long-term gains.
b. Short-term loss offset Short-term gains.
c. Leftover losses offset leftover gains.
d. Any more leftover losses offset up to $3,000 of ordinary income (i.e. you already offset ALL realized capital gains)
e. Any more leftover losses get carried over the the next year.

I think you have assume that the short cannot offset long and that long cannot offset short. They can as described above.

By "push mower" do you really mean a self-propelled walk-behind mower? I use my sport watch to time my mowing activity and distance walked. It isn't even 30 minutes a week, but I could do front and back on different days for say 15 minutes each.

nisiprius wrote: ↑Tue Mar 21, 2023 6:44 am.... Single-sided on quality paper mailed flat.

FWIW, we save to a PDF and in anticipation of printing doubled-sided, we may add the occasional blank page for our own convenience (easy to do with any PDF editor including Preview on Mac/OSX). Many forms are 2-sides anyways as they come from the IRS if you got the hardcopy forms from the library or post office. That includes Form 1040, Schedule 1, 2, 3, .... So printing double-sided is our M.O.

Murdock7591 wrote: ↑Tue Mar 21, 2023 5:54 am The best solution for me is to e-file without the K-1 information and then ....

I would've thought the best solution would be to print and mail your return.

For 2021, we got the automatic extension, printed our return / mailed in October and received a refund in early December. That is, I did not think mailing in our return delayed our refund at all.

Have you heard of Hawaii or the Virgin Islands, say Virgin Gorda? Those will cover Pacific species and Caribbean species. Walk from your condo down to the reef and snorkel every morning before the water becomes unclear and the tourists show up and the sharks are chased away.

Watch YouTube videos for everything you intend to do. We have washable permanent HVAC air filters. I take one out, drop it on the carpet, and run a vacuum cleaner over it as if it was a rug. Maybe wash it every 5 years. Professional for lawn? No. Aerate yard? Never. Professional to check HVAC? No. Clean fins? Never. Drain water heaters? Never. If your HVAC has a condensate water line, then make sure it is does not get clogged by mold. Some folks pour bleach down the line through the opening provided for that. I've added $3 leave/debris strainers to the openings of our gutter downspouts. They reduce gutter cleaning (easy on our home: ladder and glove) to about once a year. Garage door opener: When it breaks I fix it myself. We have digital w...

Right. Also the same happens with bond funds like VBTLX, but not with BND. Check the prospectus.

I would start by importing the two 1099s into my tax-prep software and go from there. I would not enter by hand unless the tax-prep software does not allow importing via the internet. I use desktop versions and not phone-app versions.

Ever since Congress passed a tax reform bill ("We want to make tax filing so simple that ‘it would fit on a postcard’.") doing taxes each year has become really easy.

ResearchMed wrote: ↑Mon Mar 20, 2023 6:09 amWhat is happening to Morningstar?

The Discussion Forums seem to be disappearing, too.
(At least, the one about TIAA seems to be MIA.)

Encyclopedias are no longer sold door-to-door.

Older people are dying. Younger people are using reddit. In 20 years if you are still around, you may be asking the same question about bogleheads.org.

keinodoggy wrote: ↑Sun Mar 19, 2023 6:24 pmI walked into the dealership, they had several new 2023 Foresters. We drove a Limited and loved it. The latest generation is a big step up in comfort from earlier Foresters. Dealer gave me $750 below MSRP. Drove out the same day in my new Subaru.

Sorry that is being coy. You paid over MSRP because of other things added, such at TTL, Documentation, Delivery, and what not. Is there a problem reporting what I asked for which were two dollar amounts please?

New tires are inexpensive compared to buying new tires connected to a new car. Based on your annual mileage, I would not bother get a new car until you learned the cost of passing inspection.

keinodoggy wrote: ↑Sun Mar 19, 2023 5:43 pmJust bought a new 2023 Forester Limited. It is extremely quiet, comfortable and smooth driving. As good as my Outback.

OK, but what was the OTD price and the taxes? I ask because my neighbor is shopping and told me all the outrageous prices that he was quoted when he went to dealers. Outrageous means more than 30% more than what we paid for a 2021 Honda CR-V and he will have to wait weeks, if not months, to have the car delivered.

Do you have ANY US income tax liability? Your income is low enough that I can see that you don't pay any US income taxes. Or maybe at most you had a liability of $250 of US taxes, so you got $250 in a foreign tax credit to offset that $250 and now have zero US income tax liability.

I didn't see anything in your post to make you the 1%. Do you have a net worth of $20 million and more, so will have some estate issues?

You can self-insure your death, so why have any life insurance at all?

Drill down from "account level" settings to "holding settings." I'm not going to look now because this was shown in the past week or so, thus I think you can find it. You certainly do not need to reinvest BND dividends.

Jags4186 wrote: ↑Sun Mar 19, 2023 1:35 pmI have a sister with a 3 and 7 year old, but they are how shall we say, in a different tax bracket than we are. Our vacations would never align with what they do.

That works both ways and I cannot tell what you mean. My relatives are "private-jet wealthy" and have always been happy to host us. OTOH, we are happy to reciprocate despite our meager income.

Jags4186 wrote: ↑Sun Mar 19, 2023 1:28 pmYes, we use my mother’s beach house quite a bit. But my wife’s idea of a vacation is not being around her MIL. To me its, great. She’ll take him and we’ll get to go out to eat on our own time line. But you can’t fight city hall.

Send your mom away on her own vacation away from her beach house when you go there.

Do either you or your spouse have siblings with toddlers?

I didn't read the other responses, but if they don't have
Beach
Relatives
then they should be at the top of the possibilities. In particular, relatives with toddlers who own a beach house is the way to go.

In a pinch, substitute "Friends" for "Relatives."

Taxes are still easy for me because the tax-prep software does a good job and I guess because I have not used crypto. Also the IRS instructions provided for free help explains things that tax-prep software glosses over, so I have often read the IRS instructions for Form 1040, its Schedules, and the other forms I need to use. That includes the Schedule C I fill out for my Sole Proprietor business. For instance, "backdoor Roth" is some useless term coined somewhere on the internet I suppose. One is making a nondeductible traditional IRA contributions and a Roth conversion. If one does either one of those, then it is rather obvious what to do. So I think doing each of them separately in t he same tax return is rather obvious of what ...

You did not give bad advice. If you feel guilty, then give your parents $30,000.

Maybe try portfoliovisualizer.com instead. It only has monthly date, but that might be all you need for what you are trying to do.

Technology has moved on. If you believe your jacket will not be subject to abrasion and other abuse, then you probably want a Gore-Tex Shakedry jacket. Get one now because they will probably not be produced much in the future.

Since we aren't spring chickens anymore, we don't need our money to last as long anyways. So stock market movements really don't matter anymore.

On my Pixel 6a, if I click the power button, the display goes dark and my phone is locked, but the phone does not turn off. If I want to power off the phone, I have to press and hold the power button.

er999 wrote: ↑Sat Mar 18, 2023 3:01 pmAmazing to hear almost day trading advocated for on bogleheads by one of its most prominent posters.

I won't tell you what I did with BND then this past week.

I've always been curious about SCV tilting but it seems like timing is everything for this asset class. Do you guys think now is a good time for a SCV tilt with the small bank failures plastered all over the news, or is there further down to go? I really can't tell how serious of a crisis it is. Edit: This would be a permanent tilt if I were to do it. So I'm not market timing but just want to make sure I get a reasonably decent entry point. I cannot predict whether there is further down to go. I think one can have a base position in SCV, but that one needs to buy more on RBDs and sell those newly bought shares within days or weeks. Rinse and repeat. For example, if this coming week there is an RBD, then I'm buying. If no RBD happens, then ...

Since you have accounts at both Vanguard and Fidelity, what does the display from Portfolio Watch and from Fidelity GPS tell you? Do they match? Do not forget to enter the Fidelity info at Vanguard and vice versa.

Example:

Carefreeap wrote: ↑Sat Mar 18, 2023 10:44 am[...]
Generally the beneficary of an irrevokable Trust is entitled to a copy of the Trust. You are likely entitled to an accounting of the Trust but management is very state specific. Please edit your original post with what state your father lived in and where the property is located.

Presumably the Trustee is one of your brothers? Are there other heirs?

The OP did not state they were a beneficiary, did they? I think can that being a potential underlying issue.

Just a note to an older thread: Wells Fargo reimburses our international ATM fees.

Maybe, but folks will figure out how to charge away from home. At home, they can just trickle charge.

Added: In 2022, we replaced one of our HVAC systems. The guy who did the work stated that business was good because market research showed that homeowners in our area were expected to have more than $1,000,000,000 worth of HVAC upgrade work required in the next few years. My question: Is the US facing major home HVAC problems? I don't think so.

Not a wash sale at all. See this thread: viewtopic.php?t=382902

You can still trade in the security after 30 days (i.e. on the 31st day after selling), so your thought of never in that account doesn't matter. Or you could create a wash sale by buying the same security in a different account of years in 5 days after selling at a loss and that would create wash sale.

itispossible wrote: ↑Thu Mar 16, 2023 12:23 pmNot sure where to find this information on Vanguard. Below are the details of my transactions (not being able to format it -- any tips to insert a spreadsheet will be appreciated). Thanks.

Now would not be a bad time to poke around on a computer (not a cell phone) and find this information. In the old days, it was found as shown in the screen captures in this thread: viewtopic.php?p=2785481#p2785481

I am sure you are capable of finding this today.

1. I sold over $100K worth of VTI yesterday at a loss in hopes of tax loss harvesting. All I remembered was that I cannot repurchase it back in the next 30 calendar days. But I just read that I could not have purchased it in the last 30 calendar days as well. Is this right? I looked through my account history and noticed that I purchased $42K worth of VTI on Feb 13 (settled on Feb 15). By my count, Feb 13 is exactly on the 30th day! So, will this be a wash sale then? :( Maybe a wash sale. Maybe not a wash sale. What does your online Vanguard brokerage account indicate about a wash sale? Nothing? Something? Hint: If you sold the shares purchased on Feb 13, then no wash sale. Please confirm by what your Vanguard account shows you.

Yes, that would be a classic wash sale. It is right there in IRS Publication 550. Also your loss would be permanently disallowed since you purchased the identical shares in your tax-advantaged account.

Give your adult child space to be an adult. Make them completely responsible for their own life.

Another day, but I don't have the guts yet to rinse-and-repeat, but the day is not over yet.