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> How and when will my taxable event happen? Will it happen when the
> interest is paid? Or when I take the money off the platform?
When the interest hits the platform you have income. This would be treated the same as if you invested in a bond that paid you interest periodically. Of course if this was done as par... |
A share is a the ownership of a fraction of a company.
That said - as the average Joe private investor - you will of course hold only tiny fractions of most companies and won't be able to influence the company like a major investor does. With owning a fraction of the company you are entitled to receive a share of th... |
I was wondering, in the US when you file your tax return you are either a "normal" salaried employee, W-2, or "self-employed".
If you're a "normal" salaried filer, there's a box where you can enter "other income", typically small amounts like $100 from odd jobs.
Say you're a "normal" salaried filer. You're a stud... |
What if Other Income approaches "self-employed"? Large "Other Income" amounts? |
If (for whatever reason) you're deeply interested in the "true epistemological basis" of what the hell a share is, investigate the **history** of "stock". Thus, begin with The Dutch East India Company and go from there.
(It's interesting that everyone uses the word "stock" all the time, but few realize what it means... |
When invoking a profitable long call as a trader, how does the options exchange (eg: NASDAQ) make any money?
Per my understanding, the only "fees" that I pay is the premium for purchashing the stock initially. However, that must be largely offset by the buy order the exchange would have to place when the trader inv... |
How do option exchanges make money on profitable long call? |
The only way you could list the $5,000 in "other income" as opposed to Schedule C is if it's considered a hobby. This is a common question so the IRS has information on it [here][1]. I think the default assumption is that it's a business. In your example, is the student actively seeking out gigs? Then it's almost certa... |
To clear up a few things: Exercising a call does not execute a "buy order" on the exchange. Your option trade is with another counterparty who presumable _already has_ stock to sell you at that price. In other words, your option contract is not with the _exchange_ who must then buy stock (and pay commissions), it's wit... |
We live outside USA and received treasury stimulus checks last Year by mail and still can’t find a way to cash it. Local banks do not want to cash US checks. We don’t have a Bank account in US.
Can anyone suggest what we should do with the check ? Thank you |
I'm looking to customize an ERP for a car repair shop, I've see that BOM are mostly mentioned for manufacturing but not for service? Or maybe I havent found a concrete source of information on this yet, can someone elaborate on this? |
Can there be a BOM for vehicle repair service? |
I am a Fidelity customer. Does the first Warning mean I cannot do pre-market trading? If that is true, who can?
[![enter image description here][1]][1]
[1]: https://i.stack.imgur.com/bxQqA.png
**EDIT:**
The order is actually executed when the price target is met. I am confused.
|
Does this mean I cannot do pre-market trading? |
I was wondering, in the US when you file your tax return you are either a "normal" salaried employee, W-2, or "self-employed".
If you're a "normal" salaried filer, there's a box where you can enter "other income", typically small amounts like $100 from odd jobs.
Say you're a "normal" salaried filer. You're a stud... |
After researching a while, it seems T Rowe Price offers the lowest expense ratio for Maryland Muni Fund. Does anyone have a different observation? |
I was wondering, in the US when you file your tax return you are either a "normal" salaried employee, W-2, or "self-employed".
If you're a "normal" salaried filer, there's a box where you can enter "other income", typically small amounts like $100 from odd jobs.
Say you're a "normal" salaried filer. You're a stud... |
I have US stocks, and I need to transfer them to a new broker (long story). I am a non-US citizen, I am a European citizen.
Is there a list of online brokers that I can do this with? I am unsure if I need a US-based broker that lets Europeans use their platform, or if a non-US-based online broker would also work?
... |
How do stockbrokers in the U.S. manage to be so cheap?
In germany i know a few brokers but at most of them the cost of an order is beyond 5€ (aprox. 6$) every time. In the states you have brokers like M1 Finance where they invest your money from dividends automatically and with 0 commission.
But they need to pay the ... |
**Disclaimer:* This question is regarding taxes in the United States of America.
I own stock in a company that announced at the end of 2020 that it will be spinning off a portion of its business later in 2021. This puts me in a bit of a predicament, because I really like the parent company and I'm glad they are spin... |
When a company spins off a part of itself into a new company and I'm long the parent company will I automatically be long the spin off company? |
I was wondering, in the US when you file your tax return you are either a "normal" salaried employee, W-2, or "self-employed".
If you're a "normal" salaried filer, there's a box where you can enter "other income", typically small amounts like $100 from odd jobs.
Say you're a "normal" salaried filer. You're a stud... |
There are lots of types of income that go on the Schedule 1, Line 8 "Other Income" spot. The [Form 1040 instructions](https://www.irs.gov/instructions/i1040gi#idm140693681999728) say this:
> Use line 8 to report any taxable income not reported elsewhere on your return or other schedules. List the type and amount of... |
I was wondering, in the US when you file your tax return you are either a "normal" salaried employee, W-2, or "self-employed".
If you're a "normal" salaried filer, there's a box where you can enter "other income", typically small amounts like $100 from odd jobs.
Say you're a "normal" salaried filer. You're a stud... |
You can try Interactive Brokers. I have opened an account with them while in the UK quite easily and I think that is the case for all of EU countries. Their platform is geared towards professional traders so it's not the easiest to use.
You can then transfer your positions (search Position Transfers on their website... |
There are lots of types of income that go on the Schedule 1, Line 8 "Other Income" spot. The [Form 1040 instructions](https://www.irs.gov/instructions/i1040gi#idm140693681999728) say this:
> Use line 8 to report any taxable income not reported elsewhere on your return or other schedules. List the type and amount of... |
There are lots of types of income that go on the Schedule 1, Line 8 "Other Income" spot. The [Form 1040 instructions](https://www.irs.gov/instructions/i1040gi#idm140693681999728) say this:
> Use line 8 to report any taxable income not reported elsewhere on your return or other schedules. List the type and amount of... |
Sometimes we can get news about "XXX Company Announces Proposed Public Offering of Common Stock". What does that mean? Does it mean the company is in good shape or in a bad situation? Its stock price will go up or go down? |
"Announces Proposed Public Offering of Common Stock" is a good thing or bad thing to a company? |
Sometimes we can get news about "XXX Company Announces Proposed Public Offering of Common Stock". What does that mean? Does it mean the company is in good shape or in a bad situation? Its stock price will go up or go down?
And also this "XXX Announces Closing of $250.0 Million Registered Direct Offering of Common ... |
what does "Announces Proposed Public Offering of Common Stock" mean? |
I am a US citizen. I live abroad and am enrolled in a PhD program at a foreign university, for which I receive ~20kUSD/year.
I will refer to the money received from the university non-specifically as income because
1. the university is in a non-English speaking country and its English language documents are spa... |
I am a US citizen. I live abroad and am enrolled in a PhD program at a foreign university, for which I receive ~20kUSD/year.
I will refer to the money received from the university non-specifically as income because
1. the university is in a non-English speaking country and its English language documents are spa... |
I only trade options. Nothing exotic but just buying and selling CALLS and PUTS.
So for example if I lost 30,000 USD trading options for the 2020 Tax Year. In 2021 I go on to profit 40,000 USD. Does this mean I can offset 30,000 from previous years losses and only owe taxes for 10,000 ? |
There are lots of types of income that go on the Schedule 1, Line 8 "Other Income" spot. The [Form 1040 instructions](https://www.irs.gov/instructions/i1040gi#idm140693681999728) say this:
> Use line 8 to report any taxable income not reported elsewhere on your return or other schedules. List the type and amount of... |
I am a US citizen. I live abroad and am enrolled in a PhD program at a foreign university, for which I receive ~20kUSD/year.
I will refer to the money received from the university non-specifically as income because
1. the university is in a non-English speaking country and its English language documents are spa... |
Different sources give me different answers on this:
Are credit ratings of credit rating agencies per bond or per issuer?
If the rating is defined as the likelihood of getting your investment back, then surly the longer the time to maturity the lower rating but if the rating reflects the default probability with... |
Are credit ratings of credit rating agencies per bond or per issuer? What about CDS? |
I was wondering, in the US when you file your tax return you are either a "normal" salaried employee, W-2, or "self-employed".
If you're a "normal" salaried filer, there's a box where you can enter "other income", typically small amounts like $100 from odd jobs.
Say you're a "normal" salaried filer. You're a stud... |
The IRS allows 20% of up to $10,000 of "qualified education expenses" to be applied to one's tax bill via the [Lifetime Learning Credit][1] (LLC). I've been searching for more information pertaining to what exactly constitutes a qualified expense, but what I find is not as specific as I'd hoped.
For example, tuition... |
How broadly are qualified expenses defined for the Lifetime Learning Tax Credit? |
I understand that premium pricing is dependent upon a few factors like intrinsic price and time value, the latter being affected by volatility. But as I look at my risk profile in thinkorswim on a given single leg call, I'm having a difficult time getting my head around the concept of differing P/L at date of exercise.... |
If an individual has net earnings from self-employment of $3000 and he contributes $3000 to a Roth 401(K) can he also contribute to a traditional IRA? That is, does the contribution to the Roth 401(K) reduce his ability to put money in his IRA?
If it was a traditional 401(K) then he could not put money into his IRA.... |
It's Jan 1st and I buy 1 share of XYZ for $10.
Jan 2nd I sell it for $9.
Jan 3rd I buy it back for $9.
Jan 4th I sell it for $8.
Final loss: -$2
I understand this is a wash sale. But in my year end taxes, how does this work? Does the loss of -2 completely disappear? Or since I have closed out of the po... |
I read an article about bitcoin derivaties which has been skyrocketing latley
The author wrote at the end of the article:
> "Derivatives markets are the most fragile in times of correction,
> triggering a cascade of liquidations, as was seen on March 12, 2020
> («Black Thursday») when several funds had to close... |
Why derivatives markets are the most fragile in times of correction? |
This is something about this field I'm trying to understand. Whenever I talk to a regular person who managed to save up and buy an apartment building or a duplex or something like that for rental income, they always say it's a lot of trouble and isn't a reliable profit and so on.
But then you have people who just ke... |
Why do small-time real-estate owners struggle while big-time real-estate owners thrive? |
Have a look at https://www.onvista.de/fonds/DJE-Zins-Dividende-PA-EUR-Fonds-LU0553164731. It is the information page for a regular fund ("mutual fund"), not an ETF. Nevertheless, it has a dropdown box for choosing the exchange it is traded at, as well as the entry "KVG" (Kapitalverwaltungsgesellschaft, company which is... |
How can a Mutual Fund that is not an ETF be traded on an exchange? |
I read an article about bitcoin derivatives which has been skyrocketing lately. The author wrote at the end of the article:
> "Derivatives markets are the most fragile in times of correction,
> triggering a cascade of liquidations, as was seen on March 12, 2020
> («Black Thursday») when several funds had to close... |
While I think Justin Cave raises some good points about economies of scale, this isn't quite what you asked. You asked why some people are able to grow their real estate enterprise from an initial small investment, not why the people that have already grown it seem to do better.
The answer is, to a large degree, luc... |
I'm looking for the way to pick online broker. I suppose to buy ETFs and rarely some other securities. There are a lot of online brokers ratings. Mostly it consist of 5-7 same items like `TD Ameritrade`, `Fidelity`, `Charles Schwab`, `Interactive Brokers`, `E*TRADE`.
Of course I try to simplify complicated choice, b... |
Well, there is not really more than this:
* Check availability of markets and obvious fee and account size issues that you may hit.
* Choose the one who you like best from what is left by technical measures (i.e. what platforms / API they allow).
There is not a lot more.
Note that "fees in non us securities" ... |
Best broker? First and foremost would be no commissions unless the broker offers some special services that aren't available elsewhere, then low commissions. After that, the best broker would depend on what your needs are. Some possible desired features might be:
- Low margin rates?
- Portfolio margin?
- Quality... |
While I think Justin Cave raises some good points about economies of scale, this isn't quite what you asked. Economies of scale are beneficial *after* you have a lot of capital, but you asked why some people are able to grow their real estate enterprise from an initial small investment, not why the people that have alr... |
If an individual has net earnings from self-employment of $3000 and he contributes $3000 to a Roth 401(K) can he also contribute to a traditional IRA? That is, does the contribution to the Roth 401(K) reduce his ability to put money in his IRA?
If it was a traditional 401(K) then he could not put money into his IRA.... |
I am using gnucash for tracking my stocks, ETFs and cryptocurrencies. For the latter, I often heard the recommendation to treat them as a security. As such, I added a CRYPTO namespace in the securities editor, for example for BTC.
Now I bought BTC at different exchanges which are in different countries (and currenci... |
gnucash: How to set currency of a stocks account? Moving stocks from one stock account to another with different currencies |
I know that the US Fed sets only the federal funds rate, which impacts only the shorter term treasury bonds. The longer term bond yields (ie 20, 30 years) are impacted by demand for those bonds. The more people that want it, the lower the yield. Currently, the [yields][1] are extremely low (compared to historic values)... |
Why are long-dated US treasury bond yields so low? |
In your example, your compensation is so low (below $6000) that it becomes the limiting factor for how much you can contribute to IRAs. In Publication 590-A, the limit ([here](https://www.irs.gov/publications/p590a#en_US_2019_publink1000230399) for 2019) for how much you can contribute to Traditional IRA is the lesser ... |
I'm a US citizen resident in the UK. I have the opportunity to do some contract work for a Spanish company that would earn a relatively small amount of money - a one-off payment of less than €1250. This would be foreign income, so if I accept the offer, then I'd have to pay UK self-assessment tax for the first time.
... |
How complex is submitting self-assessment tax for foreign income in the UK? |
In the US, I made large capital gains on the last few days of 2020. It was not so much anticipated, so I didn't send the IRS any estimated taxes for these gains. I am afraid of possible penalties for paying late the taxes related to these gains. Taxes owed (including the capital gains) far exceed the withholding made b... |
Made large capital gains on Dec 31, 2020. Should I send a check to the IRS right-away earlier than sending my return for 2020? |
I'm a PhD student living in South Carolina. I have a graduate research assistant job in my university and my salary is $20,000 per year. I just got my paycheck recently and I realized that my direct deposit is increased about $62 this time in comparison to previous paycheck. In fact, each two weeks I received direct de... |
Is there any reason why my federal tax is reduced while the state tax remained almost the same? |
In your example, your compensation is so low (below $6000) that it becomes the limiting factor for how much you can contribute to IRAs. In Publication 590-A, the limit ([here](https://www.irs.gov/publications/p590a#en_US_2019_publink1000230399) for 2019) for how much you can contribute to Traditional IRA is the lesser ... |
They have an attractive suite of foreign ETFs, ranging from Taiwan, India to Germany: https://www.franklintempleton.com/investor/investments-and-solutions/investment-options/etfs/franklin-libertyshares/passive-etfs
Take Taiwan for instance - FLTW. The volume traded is surprisingly low: https://i.stack.imgur.com/j1kw... |
Should I be concerned with the low volume of trade for Franklin Templeton's international ETFs? |
**Would using TD Ameritrade to manage Roth IRA contributions indirectly support new fossil fuel infrastructure?**
**My goal:** I would like to avoid investing and banking with institutions supporting new fossil fuel infrastructure. Is TD Ameritrade such an institution? (I'm hoping that, as a brokerage firm, it is n... |
Would using TD Ameritrade to manage Roth IRA contributions indirectly support oil pipeline development? |
**My goal:** I would like to avoid investing and banking with institutions supporting new fossil fuel infrastructure. Is TD Ameritrade such an institution? (I'm hoping that, as a brokerage firm, it is not.)
**I know:** TD Bank, which lent $360M for the Dakota Access Pipeline, previously owned more of TD Ameritrade;... |
Would using TD Ameritrade to manage Roth IRA contributions indirectly support new fossil fuel infrastructure? |
> Where do I set the currency for Crypto:Bitcoin Wallet? Ideally I would them to be USD.
I don't think you actually want that. A bitcoin wallet does not hold US dollars, or Canadian dollars. It holds bitcoins, which you already indicated is the currency for that account:
Crypto:Bitcoin Wallet (Type: Sto... |
In 2020 I became a resident for tax purposes via the substantial presence test. I also got married in 2020. My wife is from Canada, moved to the US mid to late 2020, but has not yet passed the substantial presence test and so is a non-resident for tax purposes. Using the [Non-resident Spouse Treated as Resident option]... |
I doubt there is a bank on earth which does not one way or another indirectly support new fossil fuel infrastructure.
Banks have employees. I'm assuming all of them use a computer, and work with artificial light at least sometimes. These require electricity to run. Much of that electricity is generated by fossil fue... |
You may simply be dealing with [selection bias](https://en.wikipedia.org/wiki/Selection_bias).
Suppose there are 10,000 investors renting out one unit each. Most of them are struggling, dealing with empty units, repairs, renters that won't pay... So if you talk to most of them, they will say exactly the kind of thin... |
> Is filing self-assessment in this circumstance enough of a pain that it's reasonable for someone who hates doing paperwork to just turn down the offer, or is it easier than I think it is?
It's not terribly difficult - you have to register for a Government Gateway ID in advance (this gets sent by physical post so ... |
I don't know how to resolve this with my name upheld and all monies intact. I recently was approved for a small personal loan. This is the first time I've ever gotten a loan.
I received a check for $1210.00 in the mail. I first tried cashing it at a Walmart. They turned me away because, according to them, there was... |
What do i do about a loan check, received in the mail, being cashed by someone other than myself? |
I am about to buy a car and I need to put down my registered address for both the car insurance and VC5 logbook etc.
I own a house in City X, and this is where I work and vote etc. However, due to covid, I have been working from home and living in City Y (relative's address) for approximately 1 year. I only go to Ci... |
What is my registered address for UK car insurance? |
I'm pretty sure that any time I've applied for car insurance I've had to specify both the registered address (for you, Address X) and the address where the car is normally kept (for you, Address Y) with no assumption that these are necessarily the same.
Are you filling in details through a comparison site or directl... |
I see on https://www.finder.com/bank-fees-wire-transfers ([mirror](https://web.archive.org/web/20210118095845/https://www.finder.com/bank-fees-wire-transfers)) that outgoing international wires from the US are typically more expensive than outgoing domestic wires:
| Bank | Incoming domestic ... |
Why are outgoing international wires from the United States typically more expensive than outgoing domestic wires? |
I see on https://www.finder.com/bank-fees-wire-transfers ([mirror](https://web.archive.org/web/20210118095845/https://www.finder.com/bank-fees-wire-transfers)) that outgoing international wires from the US are typically more expensive than outgoing domestic wires:
| Bank | Incoming domestic ... |
My father recently received an email from the Egea Trust, offering essentially £500 cash in exchange for generic information about his offspring.
The link in the email (https://eagatrust.us8.list-manage.com/track/click?...) and searches on google both end up going to the same place; [Eaga Trust][1]. The Trust is so... |
Eaga Trust - Information for Cash - Scam? |
If I sell you a house in Denver, it involves agents; if I sell you a house overseas you could say "oh it still just involves agents" but obviously there's more rigmarole - more agents, more transactions.
> International wire transfers typically involve multiple banking systems and operators between the two countries... |
If I sell you a house in Denver, it involves agents; if I sell you a house overseas you could say "oh it still just involves agents" but obviously there's more rigmarole - more agents, more transactions.
> International wire transfers typically involve multiple banking systems and operators between the two countries... |
This whole situation occurred in England where I attend university.
Back in early December, a homeless person (X for short) I’d previously talked a couple of times to approached me. X told me they could not access their bank account (I don’t remember exactly why) and hence couldn’t receive their benefits. X asked me... |
How do I stop a homeless person’s benefits from coming into my account? |
While I think Justin Cave raises some good points about economies of scale, this isn't quite what you asked. Economies of scale are beneficial *after* you have a lot of capital, but you asked why some people are able to grow their real estate enterprise from an initial small investment, not why the people that have alr... |
**My goal:** I would like to avoid investing and banking with institutions supporting new fossil fuel infrastructure*. Is TD Ameritrade such an institution? (I'm hoping that, as a brokerage firm, it is not.)
**I know:** TD Bank, which lent $360M for the Dakota Access Pipeline, previously owned more of TD Ameritrade... |
**My goal:** I would like to avoid investing and banking with institutions supporting new fossil fuel infrastructure[†]. Is TD Ameritrade such an institution? (I'm hoping that, as a brokerage firm, it is not.)
**I know:** TD Bank, which lent $360M for the Dakota Access Pipeline, previously owned more of TD Ameritra... |
I was reading [this][1] question, and the thought occurred to me that is should be trivial to prevent such scams. There are many ways that this could be done, but the one that would require least change would be to simply not make cheque numbers sequential but pseudorandom. This would allow the bank to check that a p... |
Why are cheques so insecure? |
I was reading [this question][1] about fraud committed by printing and cashing checks and the thought occurred to me that is should be trivial to prevent such scams. There are many ways that this could be done, but the one that would require least change would be to simply not make cheque numbers sequential but pseudo... |
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