instruction stringlengths 15 21.6k |
|---|
I own two properties which I rent out. I am also paying mortgages on each of these properties (I'm not sure if this matters). How is the rental income taxed? Do I have any options regarding how this is taxed? Any things I should consider?
EDIT:
I live in Seattle, WA, USA.
The homes were purchased in 2003 and 2... |
Convert Traditional IRA to Roth IRA when income limits are not satisfied by Roth IRA? |
My brother has about 5 loans that he paying back and he thinks that another 5000 loan will "solve his problem".
He has been this way since he was young, he's now in his 30's.
I'm trying to find a way to explain to him that debt upon debt isn't the solution and he is going to have to spend 5-10 years paying back a... |
I am an Indian citizen and into software business since many years now.
I am a regular tax payer in India -> paying all my taxes including income tax etc..
Due to the overseas client growth in US, I am planning to setup a LLC in Delaware, United States of America. I am also planning to setup a LLC Company Bank A... |
I am an Indian citizen living and working in the Indian software industry for many years.
I am also a regular tax payer in India.
Due to the overseas client growth in US, I am planning to setup a LLC in Delaware, US. I am also planning to setup a LLC Bank Account.
Am I liable to any tax in United States, when I ... |
Does a US LLC need to file taxes if owned by a foreign citizen? |
What are the tax liabilities for an Indian citizen working in the US? |
I live in Green Bay, WI in a newer development. We built our house 2 years ago and houses are starting to go up around here. We want to buy the vacant lot next to us so we don't get any neighbors.
I'm trying to figure out what the tax liability would be for owning this land. I am assuming it is considered an inve... |
There are way too many details missing to be able to give you an accurate answer, and it would be too localized in terms of time & location anyway -- the rules change every year, and your local taxes make the answer useless to other people.
Instead, here's how to figure out the answer for yourself.
Use a tax **es... |
difference between **bonds** and **debentures**?
links are also welcomed.
Thanks |
difference between bonds and debentures? |
I am looking to open some short term savings accounts (Emergency fund, Car fund, etc) that I want to have liquidable, but I may not necessarily touch at all from month to month.
I am very worried about near term inflation as well. I think that in the next few years we will see, and have already seen (despite gove... |
What's the difference between **bonds** and **debentures**?
Links are also welcome.
Thanks |
What is the difference between a bond and a debenture? |
My brother is on ODSP in a wheel chair. He lives with mom, she is care giver. Last year I ran across something where she can claim that on income tax. I gave it to her, she lost it, and I don't remember where I found it. Can you help? |
Can you claim being a care giver against income tax in Canada? |
I am looking to open some short term savings accounts (Emergency fund, Car fund, etc) that I want to have liquidable, but I may not necessarily touch at all from month to month.
I am very worried about near term inflation as well. I think that in the next few years we will see, and have already seen (despite govern... |
Where can I invest for the Short Term and protect against Inflation? |
Some additional links which explain their differences. But mostly as @bstpierre says, both are very similar and in some cases the terms may be used inter changeably
- [http://finance.mapsofworld.com/debenture/definition.html][1]
- [http://ezinearticles.com/?Debentures-Vs.-Stocks-And-Bonds&id=392416][2]
[1]: ... |
Is it considered as an exclusion/exemption under the gift tax, if spouses who are both working and filing jointly give gifts to each other even though in reality the amount of the gift still stays with the family? |
The US mint produces several gold coins. The two that are produced each year are the American Buffalo, which is 24k gold, and the (much older) American Gold Eagle, which is 22k. Both coins are bullion coins minted in specific fraction of Troy ounces (1 oz to 1/10 oz), although they also bear a face value, which is mu... |
How does the IRS calculate taxes for ETFs? Until recently, I thought they were taxed the same as stocks, but I recently purchased a gold ETF (IAU) and have to pay a small capital gains tax even though I didn't sell any shares. Stocks are only taxed when they are sold (capital gains) whereas mutual funds can incur taxes... |
What types of ETFs are taxed differently by the IRS? |
Can spouses filing jointly give gifts to each other and claim the gift exemption? |
Very interesting question. While searching i also found that some precious metal ETFs (including IAU) gains are taxed at 28% because [IRS considers it "collectible"][1], rather than the usual long term 15% for stocks and stock holding ETFs.
As for capital gain tax you have to pay now my **guess** it's because of the... |
I've noticed that a many times while trying to sell short a stock I get this message (I use Scottrade as my broker).
I think these stocks are being manipulated, for example, stocks like BSFT that are already selling at a very high P/E and then spike up even higher when there's some exciting "news".
The fact that... |
How come I can't sell short certain stocks, my broker says "no shares are available"? |
For the past seven years, I've been contributing to my Roth IRA the max yearly amount.
However, this year, my AGI will be above the maximum allowed amount.
Couple questions...
1)
Am I able to contribute to my Roth IRA for the duration of the year that my earned income has not met that amount? For instance, if... |
Reached the AGI for Roth IRA - now what? |
1) Is not correct, sorry Jeremy. You can deposit to an Traditional IRA (TIRA). You just can't deduct it. You are then permitted to convert that to a Roth any time. Now, this would appear to negate income issues, right? Not so fast. When you convert, all TIRA accounts must be considered. In other words, when it comes to... |
I'm 22 years old, and currently dumping all my money into my general savings account. I'd like to take this further but I'm not sure where to go with this. What type of savings account should I get TFSA or RRSP and if either or, what should I look for in that account? What are the pro's / con's of each and what are som... |
My wife and I were planning to buy a house this year, but the plan fell through, so right now we are sitting on the money that we saved towards down payment and renovations (prior to now money was in the Money markets, Savings & CDs). We decided to stop looking for a house for about a year, and resume next February, th... |
Shorts are difficult because you have to find someone to lend the stock to you. In contrast, put options don't require that. They also have some nice properties like you're only out the contract price. The options chain for [BSFT][1] will give you an idea of where the market is.
Keep in mind that BSFT only IPO'd la... |
How can I determine which is right for me, RRSP or TFSA, if any at all? |
It's not so much pros and cons as much as it is **what are your savings goals?** While it's best to start early to save money for retirement, you may have numerous short- to medium-term savings goals (school, down payment, etc).
Here's a template you can consider. I would suggest that you open up an RRSP mutual fund... |
I was talking with my financial adviser today and they mentioned mutual fund breakpoints. The most I could make of it was it was a discount on the mutual fund (either the maintenance fee or load). They said that normal breakpoints occur when you purchase 50, 100, and 200 thousand dollars worth of a fund. What are th... |
What is a mutual fund breakpoint? |
I've noticed that a many times while trying to sell short a stock I get this message. (I use Scottrade as my broker).
I think these stocks are being manipulated, for example, stocks like BSFT that are already selling at a very high P/E and then spike up even higher when there's some exciting "news".
The fact tha... |
How come I can't sell short certain stocks? My broker says "no shares are available". |
Suppose I place a limit buy order at $10.00 per share for company XYZ on the NYSE or Nasdaq, while the spot price is say $10.25. If my limit order subsequently executes (whether 5 minutes later or 5 days later), does that necessarily imply the spot ask price must have reached $10.00 per share, if even for a brief momen... |
Does an Executed Limit Order Imply a Spot Price? |
Do credit card statement/closing dates follow a pattern? I'm writing a
program to compute credit card interest, and it's be useful to
calculate closing dates vs entering them manually from my existing
statements.
|
Credit card statement dates follow pattern? |
I recently discovered this limit the hard way, after being charged a fee for each transfer over the limit. With online banking becoming so prevalent, this is a huge inconvenience as it prevents people from structuring their savings for the best internet rates. What is the reasoning behind this rule? |
Why is there a limit of 6 ACH transfers out of savings accounts (per month)? |
When a fence between two properties needs repair/replacement who is usually responsible for paying? Do both neighbors split it 50/50?
What about installing new one? Do neighbors split the cost? Sometimes? Never? |
Who is responsible for cost of fence repair between properties? |
Employer doesn't offer a 401(k). Where can I invest pre-tax dollars? |
The IRS requires you to attach the previous two years' tax returns to your annual tax return. What is your best option if you have misplaced those previous returns? |
What should you do if you have misplaced your previous tax returns? |
Call or write in for a copy of your transcripts?
[http://www.irs.gov/individuals/article/0,,id=110571,00.html][1]
Of if you need the exact return itself
[http://www.irs.gov/taxtopics/tc156.html][2]
[1]: http://www.irs.gov/individuals/article/0,,id=110571,00.html
[2]: http://www.irs.gov/taxtopics/tc15... |
I received a very random peace of mail inviting me to join the "Settlement Class" for a class action suit again the now defunct (and part of BOA) MBNA bank due to bad practices involving raising periodic interest rates due to delinquency and default back in 2002 to 2008, without proper notification.
While this DID h... |
Costs associated with starting an LLC in Massachusetts? |
For the last 2 years, I have been trying hard to be debt free without affecting my personal cash flow. I am by no means a rich person, but I have a decent salary.
I still have debt, specially
* Education Loans (Interest 3%)
* Car Loan (Interest 4.75%)
* Less than 3K in personal loans
Is it smart t... |
Do credit card statement/closing dates follow a pattern? I'm writing a
program to compute credit card interest, and it's be useful to
calculate closing dates vs entering them manually from my existing
statements.
EDIT: OK, here are the actual closing dates from the cards where I couldn't divine a pattern.
... |
I received a very random piece of mail inviting me to join the "Settlement Class" for a class action suit again the now defunct (and part of BOA) MBNA bank due to bad practices involving raising periodic interest rates due to delinquency and default back in 2002 to 2008, without proper notification.
While this DID h... |
As I understand it, stocked-based index fund have been a reliable long term investment option in the last X years. Specifically, during "most" 10-year intervals in the examined history, the yield on them out-performed most other investment options (8.5% yearly according [to this][1]).
According to this, my investmen... |
I would like to divesify, and not have all my investments tied to the [NIS][1], and so I would like to purchase some foreign index funds.
I just checked with my bank, and if I understood them correctly, the mere act of depositing or withdrawing dollars into a dollar account trims 6-7% of its value on commission (**... |
What's a cost effective way to invest in foreign stocks/funds in Israel? |
What is your best option if you have misplaced those previous returns? |
Look for a bank or credit union that is a "portfolio lender". That means that they write loans backed by deposits. Portfolio lenders usually have better terms and tighter underwriting standards. There aren't many of these left.
If you define "stupid" or "immoral" to include an adjustable rate mortgage, you will not ... |
If you believe mortgage companies encourage people to make poor decisions then your best bet is to avoid mortgage companies altogether - i.e. pay off your mortgage.
I had an ARM at one point and it saved me a lot of money since I knew I was only going to be living at the house for 5 years.
Regarding moral issues ... |
Is there anyway, in the UK, for an executor of a will to locate all the deceased person's assets? Or, to put it another way, how can one be sure that all the deceased person's assets have been located?
For example, suppose Mr A owns a 5-year bond and the only record of it is on a piece of paper, lost at the bottom a... |
I would like to diversify, and not have all my investments tied to the [NIS][1], and so I would like to purchase some foreign index funds.
I just checked with my bank, and if I understood them correctly, the mere act of depositing or withdrawing dollars into a dollar account trims 6-7% of its value on commission (*... |
I heard there are a couple of banks offering 7% or higher interest on Children's savings accounts (Kids under 18)
- Are these a good investment for my kids?
- I can't find these offers on the internet, what banks are doing this? |
My wife and I have been paying off debts since we got married about 3 years ago. We have about 15k left in credit card debt, 1 car loan, and 2 student loans (one is very negligible @ < 4.5k). The original plan was to pay off all our credit card debt before getting a house, but we'd like to try to get a house 12-18 mont... |
How do credit card balances relate to getting a Mortgage? |
As an individual that is willing to consistently invest 100~150 dollars monthly into an investment, willing to devote an average of hour a day to educate himself/monitor investments, where should I put my money?
My risk appetite is moderate-risky. But I am willing to push towards more risky in coming years.
i am look... |
is index fund good as a starter? |
So. You might be looking at the world of investing after tax deductions are gone. Buy index funds, or a few stable stocks of your choice. (Index funds have minimal turnover, so you won't realize as many uncontrollable tax events throughout the year). The top long-term capital gains rate is presently 15% (will it go up ... |
So. You might be looking at the world of investing after tax deductions are gone. Buy index funds, or a few stable stocks of your choice. (Index funds have minimal turnover, so you won't realize as many uncontrollable tax events throughout the year). The top long-term capital gains rate is presently 15% (will it go up ... |
As an individual that is willing to consistently invest ~100-150 dollars monthly into an investment, willing to devote an average of an hour a day to educate himself / monitor investments, what kinds of investments should I consider?
My risk appetite is moderate-risky. But I am willing to push towards more risky in ... |
Is an index fund a good choice for a starter investment? |
If I live in the US and most of my expenses are in US Dollars, I consider the US dollar to be my base currency and look at the performance of my portfolio on a US Dollar basis.
If I invest in a fund or stock that is denominated in a foreign currency, should I hedge the position back to US Dollars?
If I do hedge,... |
If I invest in securities denominated in a foreign currency, should I hedge my currency risk? |
Coins that are hundreds of years old can be worth a bit of money, but generally becuase they are rare.
Say, I had some notes of francs or Zimbabwe dollars or some other currencies that are no longer used.
Will they gain value in the future? Or will the fact that today we have much better preservation methods and ... |
Will modern coins and currecny be worth money in the future? |
Will modern coins and currency be worth money in the future? |
Check this list: https://www.adr.com/Markets/CountryProfile?code=ISR .
TASE is denominated in NIS, and most, if not all, companies that are traded there are tied to Israel and its currency. You can try going with the global companies (TEVA, NICE etc) which although are traded on TASE and are Israeli, have large glob... |
After the Sendai earthquake, news sites say that rebuilding the city will be an "economic boost" for Japan. Okay, great for construction companies but the government and insurance companies are paying for that. I don't think this is something that boosts the economy of Japan, unless it is paid 100% by foreign insurance... |
How come rebuilding a city/large area is considered an economic boost? |
You're entirely correct. It's one of those "broken window" fallacies.
> Have you ever witnessed the anger of
> the good shopkeeper, James B., when
> his careless son happened to break a
> square of glass? If you have been
> present at such a scene, you will most
> assuredly bear witness to the fact,
> that ... |
As an individual that is willing to consistently invest ~100-150 dollars monthly into an investment, willing to devote an average of an hour a day to educate himself / monitor investments, what kinds of investments should I consider?
My risk appetite is moderate-risky. But I am willing to push towards more risky in ... |
I recently changed employment and have securities in my former employer's 401(k) plan.
The cash component of the 401(k) I am rolling over into an SEP-IRA.
What I need advice on is whether I should also rollover the securities in the 401(k) plan.
The issue is that taking money (eventually) out of the 401(k) pla... |
Should I cash out or rollover 401(k) securities? |
How can I make money if I believe that interest rates will go up, other than by investing in real-estate or taking out a low-interest loan? |
After the Sendai earthquake, news sites say that rebuilding the city will be an "economic boost" for Japan. Okay, great for construction companies, but the government and insurance companies are paying for that. I don't think this is something that boosts the economy of Japan, unless it is paid 100% by foreign insuranc... |
How can rebuilding a city/large area be considered an economic boost? |
In http://money.stackexchange.com/q/6842/2640 several people seem to assume that store-based credit cards are a bad idea. What is the reason for that? Is there something about them that I'm missing? |
What's wrong with store credit cards? |
In http://money.stackexchange.com/q/6842/2640 several people seem to assume that store-based credit cards are a bad idea. What is the reason for that? Is there something about them that I'm missing?
~~EDIT~~
A little background.
We just got a Target credit card. We'd moved to a new area a couple years ago, ... |
1) Indeed, if referring to a Roth as the question is, you are right on. But - You can deposit to an Traditional IRA (TIRA). You just can't deduct it. You are then permitted to convert that to a Roth any time. Now, this would appear to negate income issues, right? Not so fast. When you convert, all TIRA accounts must be... |
My experience is in the UK, not Canada, but i imagine the situation is similar.
It's true that an index tracker will outperform the average managed fund. But it's also true that there's a lot more variation in performance in managed funds than in trackers (naturally). That means that when people look at performance ... |
What is the meaning of the phrase 'static data' as applied to a hedge fund or a mutual fund? Or is it purely a programmer's lingo with little business meaning? The words taken individually do hint it is programmers lingo:) |
I'm a consultant thinking of taking a full time salary job. I live in WA state and have a family. How can I calculate how much tax (federal, social security, medicare) I will pay?
I've used http://www.irs.gov/individuals/article/0,,id=96196,00.html, but I don't trust it because I did not see a place for mortgage int... |
In mutual fund lingo, what is a 'Series'? |
In mutual fund lingo, what is a 'Series'? What does it mean? |
Mutual fund question; what is a 'Series'? |
How to calculate total interest paid on a declining balance? |
I have 3 credit cards which I am slowly paying them off.
Card# Balance Monthly Interest Months to pay of Minimum
Payment at current rate Payment
1 $15,904 $453 2% 35 $453
2 $11,555 $652 2% ... |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.