WPatch

William (Bill) Patch

WPatch’s Activity

Wed Jan 6

NL

Boards Post

WPatch replied to the Tax Strategies board. 8:54 AM

Re: Roth help

No problem. Previous withdrawals have no effect on contributions. Very recent withdrawals may allow a 60 day rollover.

Mon Jan 4

NL

Boards Post

WPatch replied to the Tax Strategies board. 2:58 PM

Re: cha

Your deduction for this non-capital asset is the cheaper of cost or FMV, Assuming you acquired the miles as a freebie with your or your employer's payments, your deduction is zero.

Tue Dec 29

NL

Boards Post

WPatch replied to the Tax Strategies board. 2:16 PM

Re: Cost basis of Inherited stock

The actual cost basis on a listed inherited stock is an average of the opening and closing prices as of the specified date. If the date of death was not a market day, average this price for the previous and succeeding market days.

Wed Dec 2

NL

Boards Post

WPatch replied to the Tax Strategies board. 10:38 AM

Re: Self-employed or not?

Up to the limit of $118,500 (2015-2016)of total compensation Self Employment Tax is due on 15.3% of net SE. In excess of that 2.9%. Regular employment is taxed first toward the $118,500.

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Boards Stats & Trivia

Three stars, 500 posts Old School Fool
Board Posts 616
Recs Received 261
People who have rec'd these posts 133
Recs to Posts Ratio (last 30 days) N/A
Threads Started 5
Threads Started Percentage 0.81 %
Most Frequent Board Tax Strategies
Very First Post Re: Exercise of Option (6/28/1999)
Percentage of Posts Rec'd 27.76 %
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