Wradical’s Activity

Thu Jan 29

NL

Boards Post

Wradical replied to the Retire Early CampFIRE board. 9:35 AM

Re: Taliban Isn't A Terrorist Group

but the Bergdahl swap (1 deserter for 5 taliban nutjobs) was OK because the Taliban is an "armed insurgency" not a terrorist organization, and besides hostilities are winding down in Afghanistan. [more]

Wed Jan 28

NL

Boards Post

Wradical replied to the Tax Strategies board. 6:12 PM

Re: Gains/Losses Not Affecting Tax Owed?

I should add, if you've harvested enough in losses that you have a large net capital loss, then your net deduction is $3,000. Small changes will not change your tax at all, until you enter a large enough capital gain to use up the losses (or less [more]

NL

Boards Post

Wradical replied to the Tax Strategies board. 6:08 PM

Re: Gains/Losses Not Affecting Tax Owed?

Last month, I did the same thing. To my dismay, when I plugged the numbers into my tax software (TaxAct) in order to estimate my 4th-quarter estimated payment, I found that the investment gains and losses made no difference in the bottom line. I [more]

Mon Jan 26

NL

Boards Post

Wradical replied to the Political Asylum board. 11:03 PM

Re: Palin's TelePrompTer fails: ooops

I don't know, was she really that much worse than usual?

Bill

NL

Boards Post

Wradical replied to the Political Asylum board. 5:37 PM

Re: Chris Christie's GOP Fiasco

" the republican illiterati "

Such an accurate description for so many on the right. I'm stealing that! 8-)

============================
Accurate, indeed. It's why they're so fond of talk radio - it's made [more]

Sun Jan 25

NL

Boards Post

Wradical replied to the Tax Strategies board. 6:04 PM

Re: Form 709?

If shotzongoal had given his daughter 4 checks of $13,500 each (totalling $54,000) in the same year; say one each made out his daughter, her SO and two kids; would he escape the 709 form requirement?

Yes, the filing requirement is [more]

NL

Boards Post

Wradical replied to the Tax Strategies board. 12:22 AM

Re: Form 709?

I hope you gave the money to her with 6 checks of $9000 each ... transactions of less than 10k are non-reportable and then hopefully she deposited them as separate transations.
If not, then yes, you will need to go through the whole gift tax
[more]

Sat Jan 24

NL

Boards Post

Wradical replied to the Tax Strategies board. 8:20 PM

Re: Halyard Health spinoff from kimberly Clark

When Halyard Health spunoff Kimberly Clark I did not have enough shares to get stock. I did receive $10.04 in the form of a check. I am ready to do my taxes and need to know if I report this as a capital gain and what the basis would be. I have [more]

NL

Boards Post

Wradical replied to the Tax Strategies board. 7:26 PM

Re: Tax Problems with Hidden Roth IRA

I have not committed identity theft. My daughter signed the forms to open the account. Her signature on the form is genuine.

OK, but you also say...

So let me ask this. If I tell her about the account tomorrow, [more]

NL

Boards Post

Wradical replied to the Tax Strategies board. 12:33 PM

Re: Tax Problems with Hidden Roth IRA

mike1104: "I appreciate your responses. While some may think what I am doing is inappropriate, I respectfully disagree. In my view, I am giving her an annual gift. I choose not to tell her about it yet.

I never said it was [more]

NL

Boards Post

Wradical replied to the Tax Strategies board. 12:04 PM

Re: Form 709?

I've lent my daughter $54K to buy a condo so my grandson could have an address in a preferred school district. Our intention is to sell it in two years and use the proceeds for college.

Are any taxes due? Do I have to submit Form 709? [more]

Fri Jan 23

NL

Boards Post

Wradical replied to the Tax Strategies board. 4:10 PM

Re: Tax Problems with Hidden Roth IRA

Bill:
Nice you see you are continuing the Phil Marti communication style of "tell it like it is".
Simple

========================
Thanks, I guess.
I'm not a "knuckle-dragging ex-IRS" guy like Phil, [more]

NL

Boards Post

Wradical replied to the Tax Strategies board. 1:49 PM

Re: Tax Problems with Hidden Roth IRA

Another possible wrinkle:

The trick is that she is unaware of this, and does not know that the account exists. She has had sufficient earned income that the contributions are allowed.

You didn't say how much per year, so [more]

NL

Boards Post

Wradical replied to the Christian Fools board. 12:39 PM

Re: Our Disgust is a Holy Gift

AdrianC quotes: First a person thinks they know God. Then they begin killing those who don't.

1. God is Always Right
2. I agree with God
3. Therefore, I am Always Right

--The Fundamentalist's Credo
[more]

NL

Boards Post

Wradical replied to the Tax Strategies board. 11:34 AM

Re: Tax Problems with Hidden Roth IRA

My 35 year old daughter is a wonderful person, but not the best with money and planning. As a result, for the last few years I have been making Roth IRA contributions for her. The trick is that she is unaware of this, and does not know that the [more]

NL

Boards Post

Wradical replied to the Political Asylum board. 10:32 AM

Re: biggest lefty lie: Gentle Giant

The PA left bears partial responsibility for the burning of Ferguson, because of their moral support of the Ferguson rioters.
=====================
Hogwash.
A lot of people on "the left" questioned the propriety of the [more]

NL

Boards Post

Wradical replied to the Conservative Fools board. 10:28 AM

Re: EMALE COP CONFRONTS UNARMED BLACK MAN

(feedme: In real life, it is not justified to shoot an unarmed person just because you are getting your butt kicked in a hand-to-hand fight. Being a cop doesn't change that.
==================================
Yeah, actually I think [more]

Wed Jan 21

NL

Boards Post

Wradical replied to the Tax Strategies board. 2:04 PM

Re: Selling in a Roth IRA

I want to sell some of the positions in my Roth IRA and use the cash to buy into (hopefully) better companies. I don't need to know the cost basis, right?

Thanks, Lisa

======================
That's right. You [more]

NL

Boards Post

Wradical replied to the Retire Early Liberal Edition board. 11:35 AM

Re: boyslaughter

They probably won't speak of it ever again within the family, and the 5 year old will discover quite by accident some day when he's older that he was the reason his first brother died.
============================
No way. A [more]

NL

Boards Post

Wradical replied to the Tax Strategies board. 11:23 AM

Re: Tax treatment of a REIT

1) What happens when the 'return of capital' finally exceeds the capital that you laid out to purchase the shares in the first place?

After reducing your basis to zero, any additional "nontaxable" dividends are treated as [more]

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