Bogleheads.org

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.

Maybe Vanguard's behavior is a change the company made to comply with the Fraud and Scam Prevention Act?

LOL! 1-year lock? Some employee about to quit is playing with you. It is now March, but you did not say if your money at Vanguard has been there since January or since March 10.

I think something else might be going on such as when you opened your account Vanguard asked you for hardcopy identification papers in order to comply with the P.A.T.R.I.O.T. Act and you did not comply.

Oooh, I got my own chatbot going:

What happens if one buys shares on February 14 and then sell them the next day at a loss? Is that a wash sale?

Sure, change to a Total US Stock Market index fund or an S&P500 Index 500 or something substantially similar.

I would not try to restrict the money for an imaginary long-term something though, but teach them a different lesson: Money is to be used and invested for a goal. Get them to select a goal for the money such a paying for college, paying for a truck, paying for a Galapagos cruise, paying for cancer treatment, or something like that.

^That is rather dissatisfying because it leaves out what confuses many people, but thanks for asking. Maybe ask: What are 5 things that confuse people most about wash sales?

Ask it about wash sales.

retired@50 wrote: ↑Tue Mar 14, 2023 4:47 pmDid this have anything to do with the Worksheet for Line 18?
[...]
Any advice?

I don't remember. My advice is to use the adjustment exception if you qualify for it and your calculations show then that you get a credit for all the foreign taxes you paid. That seems pretty simple to me. I never have used that worksheet for line 18.

Our neighbors had 2 yorkies. They were quite yappy. As many of you know, I named one of them Youth and the other Asia. When they were out yapping, I would call them by their names: Youth and Asia!!

Say my tax bracket is 25%. When I file my taxes, I pay US tax on the full $1000 in dividends. 15% of the $700 qualified dividend and 25% of the $300 non-qualified dividend is $180. ... Is this not being double taxed if I'm not able to claim the foreign tax credit? Maybe I’m missing something. Yes, you will be double-taxed if you pay US income taxes and foreign taxes and do NOT get the foreign tax credit. But in your OP you did not state what your tax bracket was. I filled out a tax return for someone who has an international fund, got dividends from it, had foreign taxes taken out, and did not get the foreign tax credit because they paid $0.00 in US taxes because their income was so low. So if you pay US taxes and did not get the foreign t...

Gaston wrote: ↑Tue Mar 14, 2023 1:43 pm

Hyperchicken wrote: ↑Tue Mar 14, 2023 10:18 am This is equivalent to the fund having paid out 50% of tax-free dividends which were immediately reinvested.

Not sure if the above represents a thought exercise or an actual event. If the latter, how does one pay out tax-free dividends?

It is a thought exercise.

A most classic RBD play just happened. Remember that Fridays cannot be bona fide RBDs, but Monday was a great RBD for AVUV when it dropped an additional -3.85% by the close though it was down even further intraday. And the next day AVUV has traded as high as 75.62 though it has slacked off to 74.11 as I type this. BND even cooperated by going up 1%+ on Friday and 1%+ on Monday, though it has gone down more than 1% from it Monday high. In any case, selling BND on Monday to buy AVUV, then selling AVUV on Tuesday has been profitable. Should BND be rebought? I'm gonna wait for now. Added: these kinds of trades can not be backtested with the current version of PortfolioVisualizer.com because it (a) doesn't have intraday numbers and (b) only has ...