tangofan’s Activity

Thu Apr 27

Inside Value Boards Post

tangofan posted to the Inside Value boards. 12:43 PM

Sat Apr 22

Inside Value Boards Post

tangofan replied to the Inside Value boards. 7:49 PM

Wed Apr 12

Inside Value Boards Post

tangofan replied to the Inside Value boards. 1:44 AM

Thu Mar 23

NL

Boards Post

tangofan replied to the Real Estate Inv. Trusts: REITs board. 11:35 AM

Re: Looking at RoC

What would happen if you held so long that your cost basis went to $0? I guess your RoC distribution would no longer be tax deferred?

Yes, any return of capital then would become a taxable capital gain.

Bernhard

Wed Mar 22

Inside Value Boards Post

tangofan replied to the Inside Value boards. 9:58 PM

Tue Mar 14

NL

Boards Post

tangofan replied to the Tax Strategies board. 6:42 PM

Re: Return of Capital with cost basis zero

It makes sense to enter this as a capital gains distributions instead of a stock sale.

While it does seem to make sense, I just stumbled across this instruction from the IRS that requires to use form 8949 instead: [more]

NL

Boards Post

tangofan replied to the Tax Strategies board. 6:39 PM

Re: Return of Capital with cost basis zero

I don't use TurboTax, but it appears to me that you are entering this as a sale of shares. It's not. It's a capital gains distribution, and should be entered as part of a 1099-DIV.

You should put the Return of Capital
[more]

NL

Boards Post

tangofan posted to the Tax Strategies board. 6:08 PM

Return of Capital with cost basis zero

Hello,

one of my stocks (TransDigm) has made a return of capital in 2016 and now my cost basis is zero. As far as I understand, I need to enter the part of the RoC that would drive the cost basis below zero as a capital gain (presumably long [more]

Sat Mar 4

NL

Boards Post

tangofan replied to the Tax Strategies board. 1:54 AM

Re: How to file for free

It's tightened up recently, probably due, at least in part, to identity theft. At least at the site I work at, you have to have proof from a government agency that the number you are claiming is yours actually is. A drivers license with a name [more]

Fri Mar 3

NL

Boards Post

tangofan replied to the Tax Strategies board. 5:17 PM

Re: How to file for free

- VITA and TCE [...]

Note: Many people do get turned away because they don't have an actual Social Security card.


I used to be a VITA volunteer in the SF Bay Area for a few years and we didn't turn anyone away, [more]

Sun Feb 19

NL

Boards Post

tangofan replied to the iPIG Portfolio board. 2:36 PM

Re: Total Portfolio Review Part XLVII: UGI

Chuck,

but I would be comfortable buying more, either.

I'm assuming you meant "would not be comfortable buying more."

Thanks for keeping posting this series. I'm an avid follower and enjoy [more]

NL

Boards Post

tangofan replied to the Real Estate Inv. Trusts: REITs board. 2:22 PM

Re: Tax deferred Income Portfolio For Maximum Gr

As long as the security is paying a growing dividend/distribution and the share/unit price is stable(doesn't have to be escalating up dramatically), and the company prospects are improving, and I have the funds to add from paid distributions [more]

Sun Feb 12

Inside Value Boards Post

tangofan replied to the Inside Value boards. 1:11 PM

Inside Value Boards Post

tangofan posted to the Inside Value boards. 1:05 PM

Inside Value Boards Post

tangofan replied to the Inside Value boards. 12:44 PM

Wed Feb 8

Inside Value Boards Post

tangofan replied to the Inside Value boards. 9:08 PM

Sun Jan 29

Inside Value Boards Post

tangofan replied to the Inside Value boards. 2:33 PM

Thu Jan 26

NL

Boards Post

tangofan replied to the Tax Strategies board. 5:10 PM

Re: foreign tax withholdings

To follow up on Peter's excellent remarks with my own experiences:

- The amount of foreign taxes withheld depends mainly on the company's domicile. In my experience so far the only country that does not withhold foreign taxes is the [more]

Sun Jan 22

NL

Boards Post

tangofan replied to the Tax Strategies board. 2:54 AM

Re: Online TurboTax Data Security

What I can tell you, as the Intuit Ticker Guide, is that Turbo Tax is participating for the second year in the IRS program to ensure data security. The IRS has been working with the tax software community to develop higher standards and [more]

Fri Dec 23

NL

Boards Post

tangofan replied to the Tax Strategies board. 4:35 PM

Re: Moved money to U.S. Currency conversion taxa

IRS Pub 525: If you have a gain on a personal foreign currency transaction because of changes in exchange rates, you do not have to include that gain in your income unless it is more than $200. If the gain is more than $200, report it as a capital [more]

Show More Activity ...

CAPS Stats & Trivia

CAPS Player Rating 74.89
Player Rank 18744 out of 74632
Score 338.39
Score Change Today -15.21
Accuracy 65.12%
Active Picks 18
Total Picks 43
Best Pick BWLD (+338.86)
Worst Pick LYG (-161.82)
Average Score per Pick 7.87
Charms Earned 5
Highest Rated Favorite TMF1000
Go to tangofan’s CAPS page

Boards Stats & Trivia

Big red star, 1000 posts Old School Fool
Board Posts 1047
Recs Received 886
People who have rec'd these posts 469
Recs to Posts Ratio (last 30 days) N/A
Threads Started 189
Threads Started Percentage 18.05 %
Most Frequent Board Motley Fool Income Investor
Very First Post A HGx: Getting Started post. (3/17/2005)
Percentage of Posts Rec'd 38.11 %
Show tangofan’s 10 Latest Posts