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Topic Archives: taxes

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  • I'm more of an investor wannabe, than a seasoned investor. I like the idea of covered call investing.I checked the R...

  • Hello, everyone. Ever heard of a CRYPTO ROTH IRA - which allows you to invest in (select) cryptos, WITHOUT HAVING TO PA...

  • It's easy to get lost in the weeds of "tax free". If any readers of this blog haven't yet figured out how to avoid fe...

  • Not sure what you mean. If you mean does it violate the "wash sale" rule, and prevent you from using it to harvest an a...

  • Sounds frustrating. Also sounds like you don't need withdrawals from your IRA to survive, so I'm glad to hear that -- ...

  • Travis,thanks again for all of your guidance. Just to throw another wrench into the investing mix, I've had to deal wit...

  • It's true, further reducing cash usage would probably increase tax payments. That's why they tried to almost get rid of...

  • If we want to right the cart before the economics of a technocratic plutocracy destroy the economic, environmental, and ...

  • I use Turbo Tax Premiere for doing my taxes and the K-1's takes no effort at all. Worst part is waiting to receive them...

  • Personally, I use Interactive Brokers. They'll include your foreign taxes paid on your 1099, which would generally be w...

  • Just Fyi Other deaths are still being reported as covid deaths . Its a simple form a doctor fills out when someone dies...

  • Be aware BOIL requires a K-1 tax form in the USA. PITA if you do your own taxes....

  • Location certainly plays a role, though I haven't looked to see how sunbelt-centric they are compared to the other big n...

  • JEPI is a powerful tool if used correctly. If used incorrectly, you will lose money owning it; that's a mathematical cer...

  • "Financial privacy" at its core is a code phrase for tax evasion and that equates to a fraud on the millions of honest ...

  • I'd guess that there will be plenty of gasoline powered cars and gas stations in the US for at least thirty or forty yea...

  • I bought in, at a discount, for a 2-yr. subscription for access to the Power Gauge. Maybe the full blown/full access ve...

  • Just a quick clarification. The cost was taxes "and" filing costs. MLP's are essentially a through put business, so they...

  • I never sold my tower stocks. Only the weak hands bailed. (jk!)The dramatic drop in inflation seems too fast for it ...

  • I don't know. There seems to be plenty of interest in getting access to Guyana's offshore blocks, but I guess we'll fin...

  • Regarding growth, cigarette makers are competing with Native American suppliers. A pack of Marlboro (20 cigs) is close ...

  • I've previously offered my limited knowledge on this subject, but for those who missed it, the short answer is yes, Norw...

  • My info may be old, but Norway used to withhold 25% of dividends for taxes from us Yanks. Your broker can file for it ...

  • You are the opposite of the US, in concept. In lieu of estate taxes Canada levies capital gains. In the US, there is a...

  • I avoid stocks that issue k-1 forms like the plague. I have had to wait into May to file taxes because Inhad to wait ...

  • Thanks for the discussion on housing. It helps to see the national picture. For a perspective on a hot market: I own a ...

  • I used taxbit this year, zenledger in the past, I find the taxbit site easier to use. You just go to their website and t...

  • A concern I have is how does "anyone" keep track of their buys and sells and profits and losses for tax purposes? I lea...

  • Yes, options losses are treated the same as stock losses when it comes to capital gains taxes....

  • I have learned so much from this discussion! One thing I learned to do is keep most of my cryptos in a self-directed IR...

  • I can't think of any scenario of incurring liability (excluding taxes) for owning shares of a Company that is listed on ...

  • There’s not much of a basis to use in forecasting federal sales taxes, but I guess there could be something new someda...

  • Could you please comment on potential legal jeopardy for US investors in these stocks, due to federal illegality. Might...

  • This sounds too much like the new digital currency system that we have been warned would be happening once the current m...

  • and yet - 76% of the US population are invested in the US stock market which is what benefited hugely from the lower t...

  • I would also mention there are tax consequences with Crypto. You really need to keep records. Otherwise you can end up ...

  • Last year I had a ton of wash sales on my tax form. I have been doing a better job this year trying to avoid them by tra...

  • Anyone thought about the tax implications of this years trading? Last year I owed a ton due to gains, and now have to ...

  • i did write to the same subject about a couple of months ago, now i want to let you guys know something about galaxy, ga...

  • Don't know what country you pay taxes in, but Markel doesn't pay a dividend, which is the only foreign withholding tax I...

  • Welcome back, have missed your daily wisdom. Got two major questions: the first is really OT, but I need your help. Fi...

  • What $ENZC is up against. Hmm..“The FDA collects millions in user fees from pharmaceutical companies. The Dept. of T...

  • Probably not a bad idea, if you can handle the taxes and like the hobby of watching those trades constantly....

  • Taking a header today, with worries that the surprisingly large upset in the Chilean elections will likely lead to a big...

  • Yea, I hate buying dips . . . to see them dip more, but some look at it as averaging down. I read an opinion that peopl...

  • Trump and repubs delivered lower taxes - mostly to the billionaires, which has not "paid for itself" like they claimed. ...

  • Every US president in the past century has said they back a strong dollar, but the US dollar has lost purchasin...

  • The Capital Gains tax increase proposed by the president will most likely trickle down to have consequences for those ma...

  • Hello Marissa,Here is a good write up by Goldman Sachs. Explains the number of impacted households, the stocks they f...

  • The only thing Orwell got wrong was the date! He was trying to project some unknown distance into the future (so he gues...

  • I'd make sure to think of that 20% as a block, and work out a scenario for what your plan will be if Bitcoin lost 75% of...

  • Kari one more question for you, the coins which i have and intend to copy and paste are worth about $50.000 right now s...

  • You can quite easily divest from the United States. just sell all of your assets, move the money and yourself overseas,...

  • I'm a simple minded Okie. I keep asking myself, "if the market went up 25% with a corp tax cut, what will it do with a ...

  • in regard to cryptos i have a question for you guys in the know , i own a decent quantity of different cryptos namely XR...

  • Closed end funds are corporations, not partnerships, so there’s no extra step on taxes....

  • I'm a member of Palm Beach Letter, it's only $49. If you play it smart you won't be complaining about spending $2,500. T...

  • That’s the basic tradeoff, taxes now or taxes later. I share your fondness for Roth IRAs, but you also need to adjust...

  • I think the costs of self-directed IRAs are pretty ugly, and there have been so many scams in that area (particularly wi...

  • Travis, I am a Michael also with my first comment, so first let me say that I love the benefits of being a member since...

  • Mark you write one of my two favorite financial news letters. Keep up the good work with Oxford Income Letter.....

  • Found this old piece (May, 2019) in Forbes written by the same Bob Carlson, sounding a much less alarming tone, possibl...

  • This legislation, called the SECURE Act, was signed into law just before Christmas 2020 and applies to both traditional...

  • Congratulations DevilDog. Mar 2020 was a one time opportunity in history and golden time to invest if we look back...In...

  • I had a Florida home loan with TFSL. Their systems are antiquated. They collected property taxes throughout the term o...

  • Never heard of it, sorry — there are custodial accounts for minors, but I’m no expert on which form might be best, s...

  • Or hold off until after January. I made so much on those two stocks, I'll wait for 2021 to pay the taxes on the gain!...

  • Travis, thanks for your thoughts. I am one of the people that has dabbled in stocks for the last 10 years, but finally d...

  • You don't need to withdraw the money out of your account if you sell. Sell the position but leave it in your IRA and you...

  • I own 300 shares of NIO with an avg price of $9.04 so I'm happy with just sitting on it. I keep hearing things like it w...

  • No one has commented on the issue of taxes. Frequent trading seems like it will make record keeping and tax reporting a...

  • That's just speculative fearmongering, as far as I can tell -- yes, with our massive and growing budget deficits the ass...

  • Hello Everyone,I strongly suggest no one jumps into the program without doing a bit of research: it is expensive 2....

  • Yes we pay at lot o taxes here in Denmak! But there are no free lunch.2s, we are covered almosr 100% In the longer persp...

  • Don't forget that Amazon is now collecting and remitting all of the taxes for pretty much all - if not all - states. I a...

  • First I am a little 'jealous' I did not get out in when you did :).I wish someone could tell me: (mild-severe) Inflat...

  • Dear Travis, Could you figure out this one?; " This Secret Arms Race Could Mint Another Round of Crypto Millionaires in...

  • lol... most vegetables don't cost $8,864 /lb. like just the average dispensary mid-quality mj does now. REST ASSURED m...

  • Wireless can't compete with wireline services such as cable TV, it is expensive to use due to "data caps" (extra fees an...

  • DRIP investing is definitely not an effective strategy for those who need the dividend income in cash. My assumptions d...

  • DRIP INVESTING ISN'T AS GREAT AS IT MIGHT SEEM. FIRSTLY WHERE DOES THE MONEY TO PAY THE TAXES ON THESE REINVESTED DIVI...

  • It all depends on timing (when you buy). Perhaps right now likely not the best time to buy investment properties. I bou...

  • Re real estate: Don’t kid yourself, property taxes, insurance, depreciation, condemnation, maintenance and upkeep, no...

  • First you need an account with a substantial balance to trade. If selling Calls you need to own some underlying(s) in mu...

  • Keep in mind that PBA is a Canadian company and so if you are a US citizen there is a certain amount of currency risk in...

  • It comes down to this legal growers have a hard time competing with black market/illegal due to all the regulations and...

  • Just buy physical metals instead of investing in a 401k. It works like a roth. You pay taxes on your wages and then yo...

  • LMRK has k-1s which I hate at tax time. I totally ignore any stock providing k-1s as you get them about end of March or ...

  • Every situation is different, but make sure to take into account taxes, maintenance (including big ticket items like roo...

  • Is the book, "How to Hack your Taxes with A&E" at all useful? Does it take 4 weeks to receive it? It's in the $129 ...

  • I bought a membership with them. They're not the only company that provides this service though; there are other crowdf...

  • I'm pretty much "all in" on Balmoral. BAR.TO or BALMF. Took advantage of last couple years' pullback to max out my po...

  • As far as I know I’ve always gotten the foreign tax credit for any Canadian dividend taxes withheld, though I confess ...

  • Just remember the tax consequences of receiving dividends from a Canadian source if you pay U.S. income taxes -- this ap...

  • I listened to the presentation one day while stuck in traffic. Seems the company is out of South America. I think C...

  • The basis for the Modern Monetary Theory ( I always run in fear when told the old ways no longer matter) is that governm...

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