bacon’s Activity

Sat Apr 2

NL

Boards Post

bacon replied to the Tax Strategies board. 6:59 PM

Re: Canadian Dividend Tax

I'm not sure of the process, if any, for a tax-deferred/free accounts....

I ran into this with some Canadian bank stocks I held in my IRA. TDA wanted me to fill out an NR301 for that, too.

This was a couple of years ago; the [more]

Sat Mar 19

NL

Boards Post

bacon replied to the Mechanical Investing board. 8:50 AM

Re: Weekly Trade Ledgers 3/14/2016

I've never had a problem downloading the file - just click the Download file button. Today, however, I get the 404 - Not Found error message.
...
Any ideas ?


None from me. I just tried both links again; this time I got [more]

Fri Mar 18

NL

Boards Post

bacon replied to the Mechanical Investing board. 10:51 AM

Re: Weekly Trade Ledgers 3/14/2016

That's weird. I'll try again....

The problem persists. A problem with the Wiki server?


Intermittent problem? It came down for me on the second post.

Eric Hines

Sat Feb 27

NL

Boards Post

bacon replied to the Tax Strategies board. 7:19 PM

Re: Excess HSA Contribution

You'll be penalized each year until the excess is withdrawn.

Thanks, I guess.

Eric Hines

NL

Boards Post

bacon posted to the Tax Strategies board. 3:03 PM

Excess HSA Contribution

TaxACT tells me my wife made a small excess contribution to her HSA. The tax on that is chump change, so I'm inclined to pay the bill and walk away. However.

Will that tax actually be assessed only for tax year 2015, the year of the excess [more]

Fri Feb 19

NL

Boards Post

bacon replied to the Tax Strategies board. 10:11 AM

Re: Worthless Stock

The article suggested selling it, on your own, to a family member.

I've got a feeling it might not be all that simple.

Trust your feeling. A sale to a family member may be a related party sale. (It depends on the exact
[more]

NL

Boards Post

bacon replied to the Tax Strategies board. 10:09 AM

Re: Worthless Stock

Sorry, it's not that straightforward in this case. This security still trades, under the symbol MILOQ. ...

Therefore, it's not worthless - you need to either sell it (which would impact your 2016 taxes, not 2015), or wait until it
[more]

Wed Feb 17

NL

Boards Post

bacon replied to the Tax Strategies board. 6:43 PM

Re: Worthless Stock

If you have documentation that the shares are truly worthless, you enter the transaction as a "sale" on 12/31/xx for $0.

I couldn't believe it would be that straightforward; although I hadn't realized the sale date would be [more]

NL

Boards Post

bacon posted to the Tax Strategies board. 8:50 AM

Worthless Stock

I bought some preferred stock a couple of years ago; now the company is bankrupt.

I can establish the shares' basis, and I have a letter from the bankruptcy court describing how major shareholders can claim the worthlessness of their [more]

Sat Feb 6

NL

Boards Post

bacon replied to the Tax Strategies board. 11:46 PM

Re: Tax software vs online solutions

Call me excessively paranoid, but I won't do my taxes on line. I use TaxAct, for $15. Texas doesn't have a state income tax, so I have no need of TaxAct's state functionality.

I have no idea how well TaxAct runs on a Mac, [more]

Sat Jan 16

NL

Boards Post

bacon replied to the Tax Strategies board. 9:04 AM

Re: ID Theft & IRS Filings

My wife and I got the IP-PIN numbers because our tax data was "compromised" - though not used, as far as we know - in the IRS transcript website being hacked. My wife also qualified because of a computer hacking at her employer's [more]

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Boards Stats & Trivia

Three stars, 500 posts Old School Fool
Board Posts 917
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People who have rec'd these posts 369
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Most Frequent Board Mechanical Investing
Very First Post Re: good internet brokers? (4/13/1997)
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