Bogleheads.org

[Thread merged into here --admin LadyGeek]

H&R Block Tax Software Deluxe + State 2022 with Refund Bonus Offer (Amazon Exclusive) [PC Download]
Price: $22.50

https://www.amazon.com/dp/B0BCCLLYG3?ta ... uage=en_US

Thanks Tom.

Yes, she is claimed as a qualified dependent on my tax return and I received an EIP that included a payment for her. The entire EIP(mine plus daughter) payment is included on my return.
I am preparing another return for her and not sure what to put for the EIP payment on her return.
Not sure if this is correct, but I am thinking to keep EIP payment box blank on her return. Of course H&R Block software will raise error flag if keep EIP box blank.

I am preparing a return for my teen daughter. Our situation is very similar to OP: only W-2 income(<$2500). The H&R Block Deluxe asks about Economic Impact Payment(EIP) 1 and 2. Do I have to input the entire amount( adults plus child) or child alone?

Thanks in advance!

I got $72.00 on a Takata airbag class action settlement. I have not received any 1099. Is this "taxable income"?

07:00 AM EST:
I can not login either.
I am using Microsoft edge on Window 10

$59,000 yearly tuition, etc. minus $13,750 ($55,000/4 years) = $45,250

OnTrack2020:

Excuse my ignorance. How does the figure $55,000 come up in the above line?.

Thanks in advance.

The amount for boxes 86 and 87 would be boxes 1 + 8 from the w2.

When they calculate Social Security Tax Allowance, should they include the retirement contributions etc. ?. The pre-tax contributions to a 401k or 403b will not show in Box 1 of W2.

I will have to file FAFSA in the coming years and I am going through the FAFSA form 2020-2021. I see questions 86 and 87.

86. How much did Parent 1 (father/mother/stepparent) earn from working in 2018?
87. How much did Parent 2 (father/mother/stepparent) earn from working in 2018?

The instructions say "This information may be on the W-2 forms or on the tax return selected in question 80: IRS Form 1040—line 1 + Schedule 1—lines 12 + 18 + Schedule K-1 (IRS Form 1065)—Box 14 (Code A)"

My understanding is that since (86) and (87) are used for calculating Social Security Tax Allowance, Box 3 (Social security Wages) or Box 5 (Medicare wages and tips) in W2 can be used to fill 86 and 87 in the FAFSA form. Is that right?.

Thanks

Jack FFR1846 wrote: ↑Fri Feb 16, 2018 1:08 pm I received one from Citi for the $400 checking account sign up bonus.

Have you received 1099-MISC or 1099-INT for the signup bonus?

susa wrote: ↑Fri Feb 16, 2018 12:50 pm

philip wrote: If you have not received more than $300.00 not reporting summary is required

Something is wrong in the sentence - is this actually what the response states in writing ?

Yes, that is the part of a secure email reply from TD Bank E-mail Specialist

I received $300 bonus in 2017 from TD Bank for opening TD Premier Checking account. I was expecting a 1099-INT from them. When I contacted them, they replied:

"We are not providing tax documentation for promotion unless the amount exceeds $600.00 in a year. If you have not received more than $300.00 not reporting summary is required"

My understanding is that $300 bonus is taxable and I should report $300.00 on line 21 of 1040. Is that right? I am using H&R block Delux for tax preparation.

Thanks in advance.

Take a look at this site for basic calculation:
http://www.capitalcalc.com/

The impacts of international stocks varying depending on the time frame and here are few 30 years portfolio returns/volatility between 100% US market and a combinational of US and international market. IMO, the reason to add international is not these numbers but avoiding risk associated with single country. Portfolio I 100% Total US Stock Market Portfolio II 80% Total US Stock Market and 20% Total international Market Portfolio I Portfolio II Time period: 1980-2010 CAGR: 11.11% 11.29% STDev: 17.59 17.59 Time period: 1981-2011 CAGR: 10.14% 10.26% STDev: 17.32 17.47 Time period: 1982-2012 CAGR: 10.82% 10.92% STDev: 17.09 17.27 Time period: 1983-2013 CAGR: 11.18% 11.32% STDev: 17.45 17.54 Time period: 1984-2014 CAGR: 10.89% 10.9% STDev: 17.37...

Wellington performed well compared to 60/40 stock/bond market portfolio in the past. But future outperformance is anybody's guess.

Portfolio I
60% Total stock market
40% Total bond market
Portfolio II
100% Wellington

Portfolio I Portfolio II
Start Year: 1972 1972
End Year: 2016 2016
Initial Amount: $100.0 $100.0
Final Amount: $5569.89 $7510.14
CAGR: 9.34% 10.07%
STDev: 11.33 11.94
Sharp Ratio: 0.45 0.5
Best yearly Return: 28.75% 32.92%
Worst yearly Return: -20.2% -22.3%

I just learned that the title company sent refinance closing documents to my and my wife's email address. They misspelled my email address and I have not received it. One of the attachments has sensitive information like SSN and DOB. The documents are neither encrypted nor password protected. They offered identity theft protection service (Lifelock). What are the steps I can take besides joining identity theft protection service?

Thanks,

Thanks for all replies.

If it falls your way, will it damage your house, fence, land scaping, etc.?

If it falls to our side, it will definitely damage our fence and lawn, and maybe our house as well.

btenny and tomd37:

I already sent a certified letter to HOA with a copy of an arborist opinion about the tree a while ago. The arborist thinks that this tree can be hazard to our house. No reply from HOA At least I expected HOA to give us the permission to trim or do the removal ourself .

Jack FFR1846:

We live in New England. I will explore this option but I need to get written permission from HOA or town before exploring this.

I am thinking to consult a Real Estate Attorney.

Once again I appreciate all replies.

An arborist brought our attention to a big hazardous tree that appears to be located in open space of our neighbourhood and approximately 59 feet away from the rear edge of our house. This tree has a fairly large cavity with rotten wood and mud. We also noticed the presence of carpenter ants in that cavity. We belong to Home Owners Association (HOA). I contacted our town about this tree, they suggested that the open space belongs to HOA and HOA should address our concern about the potentially hazardous tree. I tried to contact HOA president by several e-mails, phone calls and a certified letter. Once HOA president called me back and said that he would send somebody to take a look. I tried to contact HOA president again to check the status, ...

H&R Block Tax Software 2013 Deluxe + State price drops to $19.99 at amazon.com
http://www.amazon.com/Block-Software-De ... tware+2014

Are the payments received from class action lawsuits taxable and need to report to IRS ?
I received a settlement check (Sonoda, et al v. Amerisave Mortgage Corp.) for $47.78 from Amerisave.

Last spring we applied for mortgage. Paid $375.00 appraisal fee plus cost of the credit report. Despite of excellent credit score and good appraisal, credit was denied. The reason they stated was that the property was unacceptable for loan. Later, we applied with another company and got a better loan. Last week we received settlement check (Sonoda, et al v. Amerisave Mortgage Corp.) for $47.78 . Few questions;

(1). Do any of the Bogleheads in this forum received Amerisave mortgage settlement check ?
(2). Does it safe to cash/deposit ?
(3). Do I have to report this as income to IRS and pay tax for $48.78 ?

Thanks,
Phil

We received an e-mail from Amerisave informing us that they were unable to approve
the loan . The reason they stated for denial was unacceptable property. The appraisal came
around 300K and loan amount was 225k. We have credit score close to 800. We already paid them
appraisal fee ($375) and $12 for pulling credit report.

A google search of unacceptable property Amerisave shows similar type of loan denial from Amerisave.

philip wrote:We applied for a refinance with Amerisave. They assigned a processor who is working with us
to get the loan closed. The loan has been submitted to their underwriting department for
final approval. Hope everything goes well. So far we have only positive experiences.

Philip

We applied for a refinance with Amerisave. They assigned a processor who is working with us
to get the loan closed. The loan has been submitted to their underwriting department for
final approval. Hope everything goes well. So far we have only positive experiences.

Philip

I got another quote for an energy star certified Burnham ES24 85% efficient around $5400. We accepted the
proposal and they're going to install it tomorrow. They will also replace air scoop with a new spiro vent and a new
expansion tank without any additional cost. If the gas company has sufficient funds, we will get $500 rebate.

Our current one is 21 years old (Vaillant brand) and have flame roll out problems and needs a new gas valve.
According to couple of HVAC guys, Vaillant is not a reliable brand. So we decided to replace it.

Thanks for all replies.

Philip

We need to replace our 21 year gas fired hot water boiler. We live in north-east. I have a quote
from a contractor. He can install Burnham 96MBH (82.3% AFUE) for $7235.00 or Burnham 21-105MBH (95.0%)
for $10409.00. Are these quotes reasonable? I'm going to get quotes from
few other contractors. Also, I would like to hear about Burnham brand and any other good brand
gas Boilers.

Thanks,
philip

I just bought a Kenmore washer ($554.99) & Dryer($554.99) from Sears. The first year is covered by manufacturer warranty. The sales person offered an extend warranty. I can buy five years extended warranty for $233.99 for washer and $215.99 for dryer. Are these appliance warranty plans worth buuying ?

Thanks,
philip

Can anyone suggest a good software to save video/audio from youtube ?
Thanks,
Philip

I wonder where the fund's place in line is in a bankruptcy

I also wonder same. From the fact sheet:

The general account consists of more than 7,000 investments, which include corporate bonds, Treasuries, commercial real
estate mortgages, mortgage-backed securities and short-term cash equivalents. The portfolio composition of the general account is
illustrated as follows:

Portfolio Composition as of 09/30/2009
69.92% Bonds
15.87% Mortgage
9.49% Other
1.22% Stocks
.55% Real Estate
2.95% Cash

Hi Grok,
I really appreciate your comments. It is very helpful.
Best,
Philip

Stable value funds are tricky. I'd be careful there

Could you please explain your concern with stable value funds ?
In my wife's 403(b) has a fixed income option non 401(a) which is a
general-account backed stable value contract. I'm thinking of moving
our bond part to this stable value fund. It has 3.05 effective annual
rate, until June 30, 2010. Here is the link:
http://www.principal.com/InvestmentProf ... mbol=CGF02

Thanks,
Philip

A list of free and open source software for windows:
http://www.opensourcewindows.org

2005 Toyota Camry
2009 Honda CRV

Have your looked at the new 2009 Suburu Forester. It is an awesome wagon. Much better than the older Forester with lots more space and niceties than the Outback. Better than the CR-V as well.

Forester is bit lighter compare to CR-V. Forester has better handling. I'm market for a small SUV. The best offer I got for CRV LX AT AWD is 20150.00(including destination)

There are still several new 2008 Odysseys at dealerships in our area that are not moving so we are waiting until March 3rd to see what happens.

Looks like Honda and Toyota discontinue customer cash now.

The prices have really dropped. Anyone looking to buy in the near future should probably do so now. At our local Toyota dealership, they are selling for (as they tell me anyway) $400 below invoice, PLUS there is a additional $1250 cash back).

Yes, it is a buyer's market. I got an offer for a 2009 Honda CRV LX AWD
for $20109. The invoice price is $21421. I plan to buy this week.

The advisor can add value by training a client to behave correctly during market swings. It is possible if you are explicit about that value proposition, and don't allow the clients to think that you have the skill to time the market. And most importantly, choose clients wisely.

That is a tough job. Keep in mind that this is a business and a good adviser has to compete with that retirement redefine guys, free cookies with warm smile at church gatherings, free pizza at parent-teacher association meetings etc...

90% of the time a case like this has nothing to do with the advisor. This is classic investor behavior. You can have all the risk/return discussions you want - for years - but investors have no idea what their risk tolerance is until the risk shows up

Exactly !

You assume that:
1. Clients are always smart and have enough financial education to understand risk/return, investment/economic principles.
2. Once you formulate a plan, it is pretty easy to stick with it during good/bad times.
I am not sure that is the case in the real world.

I had a chat with a colleague who said that he is going to fire his adviser and find another one because of 25-30% loss of his portfolio during recent down trend. His believes that it is the duty of adviser to foresee bad events and protect wealth. IMO People who go through an adviser believe that investing is very sophisticated and an adviser can improve returns and offer bullet proof portfolio protection. Recently, in this forum, some of the advisers are arguing that they can keep clients disciplined. I know a good adviser will understand clients needs, ability and willingness to take risk and formulate an investment strategy and urge them to stick with it. But, people are always people. I wonder how they deal with people's emotions greed...

This is the inconsistency I cite. An investor decides 50/50 is appropriate, yet will be nowhere near that allocation for quite awhile

Ok, Thanks for the explanation.

"here is my target allocation that is right for me in my personal situation. However, I'm not really sure it's the right allocation, so I'm going to differ from my target allocation for the next x months while I'm DCA'ing." Makes no sense to me.

I don't understand what you are saying here either. Say I have $100 to
invest every month and my allocation is 50% equity and 50% bond.
I'm contributing $50 to my bond fund and $50 to my stock fund. Why should
DCA conflict with my target allocations ?

I like this comment about Fidelity select Finance(FSVLX) fund:

The manager was good but not that good.

What an incredible insight from M*'s director of mutual fund research :lol:

What if they introduce fair tax system ?

403(b) ----- TIAA CREF
403(b) ----- Principal (Pure CRAP )
IRA ------ Vanguard
ESA ------ Vanguard
529 ------- Alliance Bernstein

deleted

If you assume that you have 500K in Jan(09) and you withdraw 25K at the beginning each year. Let us assume it grows 5%. Here is the table: 2009 498750 2010 497438 2011 496059 2012 494612 2013 493093 2014 491498 2015 489822 2016 488064 2017 486217 2018 484278 2019 482242 2020 480104 2021 477859 2022 475502 2023 473027 2024 470428 2025 467700 2026 464835 2027 461826 2028 458668 2029 455351 2030 451868 2031 448212 2032 444373 2033 440341 2034 436108 2035 431664 2036 426997 2037 422097 2038 416951 2039 411549 2040 405876 2041 399920 2042 393666 2043 387100 2044 380205 2045 372965 2046 365363 2047 357381 2048 349000 2049 340200 2050 330960 2051 321258 2052 311071 2053 300375 2054 289144 2055 277351 2056 264968 2057 251967 2058 238315 2059 223981...

If you assume that you have 500K in Jan(09) that grows 5% and you withdraw 25K at the end each year. In this case, your principal will remain same: 2009 500000 2010 500000 2011 500000 2012 500000 2013 500000 2014 500000 2015 500000 2016 500000 2017 500000 2018 500000 2019 500000 2020 500000 2021 500000 ------------------- Now if you assume that you'll have 500K in Jan(09) that grows 4% and you withdraw 25K at the end of each year, here the table looks like: 2009 500000 2010 495000 2011 489800 2012 484392 2013 478768 2014 472918 2015 466835 2016 460509 2017 453929 2018 447086 2019 439969 2020 432568 2021 424871 2022 416866 2023 408540 2024 399882 2025 390877 2026 381512 2027 371773 2028 361644 2029 351110 2030 340154 2031 328760 2032 316911 ...

I think what OP meant was umbrella does not cover for his situation that was a business related liability. However, umbrella will be helpful to cover the personal injury or personal liability lawsuits, like, auto accidents.

Since Honda and Toyota refuse to make wagons anymore and I refuse to pay extra for the weight, mileage and handling penalties of an SUV or CUV, my next car may have to be a diesel Jetta sportwagon. Or maybe a used Audi wagon.

How about a Subaru Impreza wagon ?

MS (Mathematics)
Ph.D (Meteorology)

Philip

http://dailybriefing.blogs.fortune.cnn. ... kes-a-hit/

The reversal is noteworthy because Gross and Pimco had feasted on an earlier bailout, the nationalization earlier this month of Fannie Mae (FNM) and Freddie Mac (FRE). Pimco Total Return jumped 1.3% on Sept. 8, outperforming its benchmark by 51 basis points, prompting Gross to tell Reuters the fund had had “its greatest one day relative performance (compared to our index) in its history.” It was nice while it lasted.