vkg’s Activity

Sun Dec 14

NL

Boards Post

vkg replied to the Living Below Your Means board. 3:52 PM

Re: One Fell Swoop-150 Layaways Settled

First, It wasn't K-Mart, it was Toys R Us.

Sorry, even though there are local no K-Marts, the layaway commercials I see are for K-Mart. The commercials must have infiltrated my mind farther than I realized.

NL

Boards Post

vkg replied to the Living Below Your Means board. 3:49 PM

Re: One Fell Swoop-150 Layaways Settled

I can see people using layaway if they want to buy a toy and not want to store it. They put it on layaway. That way the store can store it and they don't have to worry about it being out of stock later.

There is more than one reason for
[more]

NL

Boards Post

vkg replied to the Living Below Your Means board. 1:59 PM

Re: One Fell Swoop-150 Layaways Settled

My sentiments exactly. While I live in an upper middle class community I travel to the cheapest supermarket another town over and one of my favorite places to shop is The Dollar Store.

There is a Dollar Store close to us. I buy [more]

Sat Dec 13

NL

Boards Post

vkg replied to the Living Below Your Means board. 6:01 PM

Re: O.T. High Blood Pressure

Aleve does raise my blood pressure, and it took a while to recover after I stopped taking it. I would have stopped sooner if I had realized that it could raise blood pressure. Monitoring your blood pressure would be the best way to determine if it [more]

NL

Boards Post

vkg replied to the Living Below Your Means board. 5:53 PM

Re: One Fell Swoop-150 Layaways Settled

The problem is, when you do a blanket payment for every lay away, you are also covering upper middle class or even rich folks.

Really? How many upper middle class or higher income families use layaway at KMart? It isn't impossible, [more]

Thu Dec 11

NL

Boards Post

vkg replied to the Tax Strategies board. 5:38 PM

Re: Creating history

http://www.aplaceformom.com/blog/2-11-14-assisted-living-tax...

However, if your loved one is receiving substantial medical care, is in a special
[more]

NL

Boards Post

vkg replied to the Living Below Your Means board. 5:31 PM

Re: Walmart has free shipping Dec. 11

However, in the past, I've had a number of orders where the estimated delivery date is 7 to 10 days out, only to receive some items the next day or within 2 days. I think it mostly matters where the item is being shipped from. [more]

NL

Boards Post

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

Re: Creating history

How much of the cost of his care is deductible? If most of the cost is deductible, the cost basis may not make much difference.

In the last few years have dividends been invested?

You may also want to consider selling some of the [more]

NL

Boards Post

vkg replied to the Living Below Your Means board. 11:48 AM

Re: Walmart has free shipping Dec. 11

Most free shipping is ground, which can take up to 10 days. It is getting close to when ground shipping may not deliver for Christmas.

I just received a USPS shipped that should have been 2 day priority. It took 9 days.

I am [more]

Wed Dec 10

NL

Boards Post

vkg replied to the Living Below Your Means board. 5:19 PM

Re: Cancelled checks?

Interesting, I did a little research as this was new information to me. I did find that to do this the check writer MUST be informed that this will happen.

Informed yes, but I don't remember an option to opt out.

Mon Dec 8

NL

Boards Post

vkg replied to the Tax Strategies board. 5:59 PM

Re: Wash confusion

Ira,

I should know better than to disagree with you.

I didn't understand the special case. Thank you for the explanation.

NL

Boards Post

vkg replied to the Tax Strategies board. 5:12 PM

Re: Wash confusion

Incorrect.

All shares bought on 11/20 were sold.

The shares bought on 11/20 were in account #2, and on 12/1 the entire holdings of that stock within acct#2 was sold.


Yes, the shares in account #2 were [more]

NL

Boards Post

vkg replied to the Tax Strategies board. 3:23 PM

Re: Wash confusion

I don't understand how any of this would be a wash trx. You purchased 80 shares in Nov 2013, then 80 shares in June 2014 and 150 shares in Nov 2014. You sold 150 in Dec for a loss and 80 at the same time for another loss.You did not repurchase [more]

NL

Boards Post

vkg replied to the Tax Strategies board. 3:20 PM

Re: Wash confusion



http://www.irs.gov/publications/p550/ch04.html#en_US_2013_pu...

Wash Sales


You cannot deduct losses from sales or trades of
[more]

NL

Boards Post

vkg replied to the Tax Strategies board. 3:14 PM

Re: Wash confusion

In an effort to put this all to rest, there is no wash sale in the OP's situation because both sale transactions took place on the same day and they occurred in separate accounts. After the sales, there were no replacement shares to trigger the [more]

NL

Boards Post

vkg replied to the Tax Strategies board. 1:16 PM

Re: Wash confusion

Again, thanks to both of you for the answers provided. Perhaps, I just get rid of the remaining 80 shares,
wait 31 days, and it becomes a 2014 loss regardless.


Selling the remaining 80 shares is the easy solution, and will make [more]

Sun Dec 7

NL

Boards Post

vkg replied to the Tax Strategies board. 8:25 PM

Re: Wash confusion

2.) 150

I am retracting this statement.

You only have 80 shares left, therefore, only 80 shares can be a wash sale.

NL

Boards Post

vkg replied to the Tax Strategies board. 8:22 PM

Re: Wash confusion

2.) 150

A sale that results in a loss and a purchase within 30 days are required to create a wash sale.

The purchase on 11/20 is within the wash sale window.

Regardless of whether or not you specified which shares were [more]

Sat Dec 6

NL

Boards Post

vkg replied to the Living Below Your Means board. 7:17 PM

Re: I lasted three days

Seventh Day Adventists live on average 10 years longer than the rest of Americans. Reason? They eat very little meat.

They also don't smoke or drink. Smoking is a very detrimental. How much of the life span is due to one part of [more]

NL

Boards Post

vkg replied to the Living Below Your Means board. 11:27 AM

Re: I lasted three days

Unfortunately, it turns out that for satisfaction, I need to have the protein in there and cooked (and warm) meat has a greater satiety effect on me than my other protein sources (Greek yogurt, cottage cheese, etc.). So I have to make sure I get [more]

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Big gold star, 5000 posts Old School Fool
Board Posts 13922
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