Search found 1400 matches

by Hayden
Wed Apr 07, 2021 3:57 pm
Forum: Personal Consumer Issues
Topic: Gmail asking for birthdate
Replies: 14
Views: 1675

Re: Gmail asking for birthdate

Whenever a website asks for my birthday, I give them a fake one. I think some of them are just checking that I am over 18
by Hayden
Sat Mar 20, 2021 9:13 am
Forum: Personal Finance (Not Investing)
Topic: IRS 2645C letter related to protective claim?
Replies: 9
Views: 668

Re: IRS 2645C letter related to protective claim?

I had not heard of this before. So you mail a letter in hope of getting the NIIT money back? Is this a real thing?
by Hayden
Wed Mar 17, 2021 4:57 pm
Forum: Personal Investments
Topic: S Corp Assets - Followup
Replies: 3
Views: 332

Re: S Corp Assets - Followup

You have to pay the same tax either way. So, personally I would choose the approach with the cleaner paper trail. Have the S Corp sell the assets. Then distribute the cash.

I do my taxes myself, so I favor simple, easy paper trails.
by Hayden
Mon Mar 15, 2021 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: American Rescue Plan - ACA change to CSRs
Replies: 6
Views: 659

Re: American Rescue Plan - ACA change to CSRs

It would probably be best to contact your state's exchange and ask them. In general CSRs are built into Silver plans that one is eligible to select based on income. But in this case you would be relying on the new and temporary unemployment qualification. Assuming you wouldn't qualify for the CSR p...
by Hayden
Mon Mar 15, 2021 6:05 pm
Forum: Personal Consumer Issues
Topic: Persian/Oriental rug - value and options?
Replies: 15
Views: 1215

Re: Persian/Oriental rug - value and options?

Call a store that just does Persian rugs. They will be able to tell you what kind of rug it is, where it was made, and advise you on what to do with it. I wouldn't waste time talking to a general purpose rug store. You need someone with specialized knowledge.
by Hayden
Mon Mar 15, 2021 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Remove Excess HSA Contribution
Replies: 4
Views: 184

Re: Remove Excess HSA Contribution

livesoft wrote: Mon Mar 15, 2021 12:03 pm TT should know how to handle this. Years ago I had excess and it was easy to get my HSA administrator to send me a check for the excess and the reporting was trivial.
Great to know. Thank you.
by Hayden
Mon Mar 15, 2021 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Remove Excess HSA Contribution
Replies: 4
Views: 184

Re: Remove Excess HSA Contribution

HueyLD wrote: Mon Mar 15, 2021 11:59 am (1) Contact your HSA plan administrator for the removal of excess contribution. There may be a charge.

(2) https://www.irs.gov/pub/irs-pdf/f1099sa.pdf

(3) https://www.irs.gov/pub/irs-pdf/f8889.pdf
Thanks
by Hayden
Mon Mar 15, 2021 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Remove Excess HSA Contribution
Replies: 4
Views: 184

Remove Excess HSA Contribution

I started a HSA-eligible health plan in January 2021. I expected to keep the plan for the year, so in January i fully funded the HSA for 2021. Now it appears that I will be switching to a non-HSA plan. What is the process to remove the excess HSA contribution? What tax forms/tax reporting should i e...
by Hayden
Mon Mar 15, 2021 11:29 am
Forum: Personal Finance (Not Investing)
Topic: American Rescue Plan - ACA change to CSRs
Replies: 6
Views: 659

Re: American Rescue Plan - ACA change to CSRs

I was told that if one switches from a Bronze to a Silver plan, the amount of the deductible satisfied would transfer over. I was told this verbally. I wish i had it in writing...
by Hayden
Mon Mar 15, 2021 8:09 am
Forum: Personal Consumer Issues
Topic: Persian carpet mishap: what would you do?
Replies: 23
Views: 2735

Re: Persian carpet mishap: what would you do?

The rug cleaner i used said they always test the colors first. Seems like that is something any reputable rug cleaner would do.
by Hayden
Sun Mar 14, 2021 10:34 am
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy cliff now going away! Yay!
Replies: 161
Views: 18159

Re: ACA subsidy cliff now going away! Yay!

<t>Its seems like for anyone on unemployment and currently on a Bronze plan, it makes sense to now switch to a Silver plan due to the cost sharing reductions. Agree? It would mean losing the ability to put money into an HSA, but the much lower OOP max seems to make this make sense.<br/> <br/> Any re...
by Hayden
Sat Mar 13, 2021 10:10 am
Forum: Investing - Theory, News & General
Topic: American Rescue Plan Act of 2021 Signed
Replies: 72
Views: 8103

Re: American Rescue Plan Act of 2021 Signed

This factsheet from CMS provides useful information on how health insurance premium tax credits will work, but it does not address cost-sharing reductions. Anyone have details on how cost-sharing reductions will work for people who receive unemployment in 2021? https://www.cms.gov/newsroom/fact-shee...
by Hayden
Mon Mar 08, 2021 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: How to Report EIDL Advance (grant) on Form 1120S
Replies: 11
Views: 921

Re: How to Report EIDL Advance (grant) on Form 1120S

I'm not sure if it's in the TT interview but I clicked View/Forms (top menu), then selected "Form 1120S p3-5" in the left panel, scrolled down to 16b and entered it. It did end up on the K-1 on line 16 with code B which seems correct to me. I did this and my tax return is correct. But TT ...
by Hayden
Mon Mar 08, 2021 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: How to Report EIDL Advance (grant) on Form 1120S
Replies: 11
Views: 921

Re: How to Report EIDL Advance (grant) on Form 1120S

I'm not sure if it's in the TT interview but I clicked View/Forms (top menu), then selected "Form 1120S p3-5" in the left panel, scrolled down to 16b and entered it. It did end up on the K-1 on line 16 with code B which seems correct to me. I did this and my tax return is correct. But TT ...
by Hayden
Mon Mar 08, 2021 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to Report EIDL Advance (grant) on Form 1120S
Replies: 11
Views: 921

Re: How to Report EIDL Advance (grant) on Form 1120S

I'm not sure if it's in the TT interview but I clicked View/Forms (top menu), then selected "Form 1120S p3-5" in the left panel, scrolled down to 16b and entered it. It did end up on the K-1 on line 16 with code B which seems correct to me. I did this and my tax return is correct. But TT ...
by Hayden
Sun Mar 07, 2021 11:20 am
Forum: Personal Consumer Issues
Topic: How many use 2 Factor Authentication? If so what do you use?
Replies: 15
Views: 1269

Re: How many use 2 Factor Authentication? If so what do you use?

I use KeePass for my password manager. I turn on 2FA everywhere that offers it. Having them text you a code is definitely better than nothing, but it is not as secure as using an Authenticator app. There are lots of these, and different websites use different authenticator apps. So I have a bunch of...
by Hayden
Sun Mar 07, 2021 10:48 am
Forum: Investing - Theory, News & General
Topic: Proper Asset Allocation for High Net Worth
Replies: 74
Views: 6509

Re: Proper Asset Allocation for High Net Worth

When I came to the realization that I have more money than I need, for the rest of my life, in bonds, I decided to stop buying bonds. All new money goes to stocks. I believe they call this a rising equity glide path.
by Hayden
Mon Mar 01, 2021 12:06 pm
Forum: Personal Consumer Issues
Topic: Want to be a nomad but not sure about keeping a house
Replies: 44
Views: 4216

Re: Want to be a nomad but not sure about keeping a house

We did something like this and loved it. Biggest issues for us were health insurance and mail. Sounds like with new technology mail is no longer a big challenge. Health insurance is still a problem. I purchased an ACA plan, which meant i was out of network when I was outside of my home county. I bou...
by Hayden
Thu Feb 25, 2021 9:52 am
Forum: Personal Consumer Issues
Topic: Changes to LastPass free
Replies: 209
Views: 14647

Re: Changes to LastPass free

Tubes wrote: Thu Feb 18, 2021 8:33 am Looks like us KeyPass fans are a minority. I've used it forever and find its simplicity refreshing.
I've been using KeePass for years and am very happy with it
by Hayden
Tue Feb 16, 2021 9:40 am
Forum: Personal Consumer Issues
Topic: Where would you live in Phoenix if you could WFH
Replies: 125
Views: 8291

Re: Where would you live in Phoenix if you could WFH

West valley, e.g., Surprise. Close to shopping, hiking, everything one needs. Lower price than the east.
by Hayden
Thu Jan 28, 2021 11:32 am
Forum: Personal Finance (Not Investing)
Topic: steps to become independent contractor?
Replies: 48
Views: 2319

Re: steps to become independent contractor?

Need a bit more info.... Maybe you don't need to do anything; they just hire you to do a job and at the end of the year they issue a 1099 under your SSN. Maybe you need to get insurance, licenses, etc. Sometimes companies don't want to hire individuals, they want to hire companies, in which case you...
by Hayden
Tue Jan 26, 2021 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: IRS.gov account says 2019 e-file return not processed?
Replies: 10
Views: 588

Re: IRS.gov account says 2019 e-file return not processed?

I've had the same message for the past month. Just checked today and now the message is gone.
But, it does not show the payment made on 1/13. I used EFTPS, and the payment left my bank account. But still not reflected on the IRS website.
by Hayden
Tue Jan 26, 2021 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Scorp owners taking distributions-basis required
Replies: 28
Views: 1558

Re: Scorp owners taking distributions-basis required

I just did my 1120S in TurboTax Business and was able to easily generate the Shareholder Basis Statement by going into Forms. So at least that part was simple.

I guess I will attach it to my 1040 and mail in a paper copy. bother.
by Hayden
Tue Jan 26, 2021 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: How to Report EIDL Advance (grant) on Form 1120S
Replies: 11
Views: 921

Re: How to Report EIDL Advance (grant) on Form 1120S

I'm not sure if it's in the TT interview but I clicked View/Forms (top menu), then selected "Form 1120S p3-5" in the left panel, scrolled down to 16b and entered it. It did end up on the K-1 on line 16 with code B which seems correct to me. Great! Thank you. That worked. I noticed that TT...
by Hayden
Tue Jan 26, 2021 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: How to Report EIDL Advance (grant) on Form 1120S
Replies: 11
Views: 921

How to Report EIDL Advance (grant) on Form 1120S

I use TurboTax Business to file the Form 1120S for my S Corp. I'm trying to figure out where to report the $1000 EIDL Advance (this is a grant, not a loan). I think it belongs on line 16b of the 1120S (other tax-exempt income). I've gone through the entire questionnaire, and it never gave me an opti...
by Hayden
Mon Jan 25, 2021 12:09 pm
Forum: Personal Consumer Issues
Topic: Best/most comfortable walking shoes?
Replies: 28
Views: 2599

Re: Best/most comfortable walking shoes?

I wear Scarpa. They fit my feet. I recommend going to a store where you can get fitted.
by Hayden
Fri Jan 22, 2021 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Scorp owners taking distributions-basis required
Replies: 28
Views: 1558

Re: Scorp owners taking distributions-basis required

I use TurboTax. Turbotax knows I have a distribution because I have entered all of the numbers on my K-1. I wonder whether TT has fixed this for 2020? On the question of basis, it seems to me that for a very simple SCorp with one owner (no loans or liabilities), I would think that the basis at the e...
by Hayden
Mon Jan 18, 2021 10:23 am
Forum: Personal Finance (Not Investing)
Topic: 50x milestone, and purposeful lifestyle inflation
Replies: 27
Views: 3348

Re: 50x milestone, and purposeful lifestyle inflation

This is a great thread, and something I personally wrestle with. Things I did pre Covid (all except landscaper currently paused): personal trainer at gym, eat out pretty much every day, housekeeper, landscaper, handyman for repairs around house, lots of travel). Basically I pay people to do things I...
by Hayden
Sun Jan 17, 2021 8:04 am
Forum: Personal Finance (Not Investing)
Topic: IRS Identity Protection PIN
Replies: 100
Views: 6174

Re: IRS Identity Protection PIN

BUT, when i was on my IRS Account page, there was a big notice stating "Your 2019 Tax Return is Not Processed". There is additional information stating that if the return was submitted recently, it would not have been processed yet. I submitted my 2019 tax return early, as i do every year...
by Hayden
Sat Jan 16, 2021 11:56 am
Forum: Personal Finance (Not Investing)
Topic: IRS Identity Protection PIN
Replies: 100
Views: 6174

Re: IRS Identity Protection PIN

I logged in to my IRS account, then went to the Get IP Pin page and got a PIN. Received the PIN immediately, online. All was easy. BUT, when i was on my IRS Account page, there was a big notice stating "Your 2019 Tax Return is Not Processed". There is additional information stating that if...
by Hayden
Sat Jan 16, 2021 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy identity theft protection
Replies: 30
Views: 1800

Re: Should I buy identity theft protection

To thwart identity theft everyone should (in no particular order): turn on 2 factor authentication for everything; freeze their credit with all 5 credit bureas: Equifax, TransUnion, Experian, Innovis, ChexSystems; sign up for the free credit monitoring (be careful they also have paid ones) offered ...
by Hayden
Fri Jan 15, 2021 4:31 pm
Forum: Investing - Theory, News & General
Topic: PSA: Fixed AA with 5/25 rebalancing works!
Replies: 85
Views: 7469

Re: PSA: Fixed AA with 5/25 rebalancing works!

KlangFool wrote: Fri Jan 15, 2021 4:24 pm
Hayden wrote: Fri Jan 15, 2021 4:23 pm When you hit your rebalancing band (eg 50 becomes 45) do you rebalance back to target (50 in this example) or some other number?

Back to the target, I rebalance to maintain my AA.


KlangFool
Congratulations! I did not have such fortitude last March.
by Hayden
Fri Jan 15, 2021 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy identity theft protection
Replies: 30
Views: 1800

Re: Should I buy identity theft protection

Is this necessary? Or are they just trying to sell me something? The examples I'm familiar with offer almost nothing -- maybe screen for specific use of your SSN on a predetermined websites. They also offer no actual recourse or financial remedy. I think any third-party service that you pay for, ev...
by Hayden
Fri Jan 15, 2021 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy identity theft protection
Replies: 30
Views: 1800

Re: Should I buy identity theft protection

mptfan wrote: Fri Jan 15, 2021 11:05 am
Hayden wrote: Fri Jan 15, 2021 10:35 am Disappointed in my bank though....
Why?
My bank wants to be my trusted financial advisor. I'm disappointed that they are sending me an email advising me to purchase an unnecessary service.
by Hayden
Fri Jan 15, 2021 4:23 pm
Forum: Investing - Theory, News & General
Topic: PSA: Fixed AA with 5/25 rebalancing works!
Replies: 85
Views: 7469

Re: PSA: Fixed AA with 5/25 rebalancing works!

When you hit your rebalancing band (eg 50 becomes 45) do you rebalance back to target (50 in this example) or some other number?
by Hayden
Fri Jan 15, 2021 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy identity theft protection
Replies: 30
Views: 1800

Re: Should I buy identity theft protection

Thank you. Yes, I have credit freezes at all credit bureaus.
Disappointed in my bank though....
by Hayden
Fri Jan 15, 2021 10:08 am
Forum: Personal Finance (Not Investing)
Topic: EIDL advance taxable?
Replies: 17
Views: 1152

Re: EIDL advance taxable?

Davistax wrote: Thu Jan 14, 2021 6:33 pm Yes both the EIDL grant & PPP forgiveness will increase basis.
Thank you
by Hayden
Fri Jan 15, 2021 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy identity theft protection
Replies: 30
Views: 1800

Should I buy identity theft protection

I just received an email from my bank that says "We recommend to all our clients to invest in identity theft protection. US News recently came out with the "Best Identity Theft Protection Services of 2021".

Is this necessary? Or are they just trying to sell me something?
by Hayden
Wed Jan 13, 2021 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity 2% Credit Card: [Update on Experiences, drops two benefits]
Replies: 167
Views: 12565

Re: Fidelity 2% Credit Card: Update on Any Issues or Experiences

classicindexer wrote: Wed Jan 13, 2021 2:29 pm
Hayden wrote: Wed Jan 13, 2021 2:10 pm The application says to lift credit freezes before applying. Do I really need to lift all 3? Does anyone know which credit bureau they use?
Applied in mid 2020, I unfroze all 3 and they used both TransUnion and Experian.
Thanks. I guess i'll go ahead and unfreeze all three.
by Hayden
Wed Jan 13, 2021 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity 2% Credit Card: [Update on Experiences, drops two benefits]
Replies: 167
Views: 12565

Re: Fidelity 2% Credit Card: Update on Any Issues or Experiences

The application says to lift credit freezes before applying. Do I really need to lift all 3? Does anyone know which credit bureau they use?
by Hayden
Wed Jan 13, 2021 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity 2% Credit Card: [Update on Experiences, drops two benefits]
Replies: 167
Views: 12565

Re: Fidelity 2% Credit Card: Update on Any Issues or Experiences

Thanks for starting this thread. I have a Costco Citi card and I receive an immediate text message whenever there is a charge on my card. This is valuable to me. Does the Fidelity card offer this?
by Hayden
Tue Jan 12, 2021 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Warning: Solo K and 5500 EZ
Replies: 119
Views: 8670

Re: Warning: Solo K and 5500 EZ

Interesting that you all are filing it now. I thought I should wait until I receive the paperwork from Fidelity in April. Is there no reason to wait to receive the Fidelity forms? All you really need to know is the value on 12/31, and the amount of contributions from employer and employee (both of ...
by Hayden
Tue Jan 12, 2021 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Warning: Solo K and 5500 EZ
Replies: 119
Views: 8670

Re: Warning: Solo K and 5500 EZ

Interesting that you all are filing it now. I thought I should wait until I receive the paperwork from Fidelity in April. Is there no reason to wait to receive the Fidelity forms?
by Hayden
Tue Jan 12, 2021 11:42 am
Forum: Personal Finance (Not Investing)
Topic: EIDL advance taxable?
Replies: 17
Views: 1152

Re: EIDL advance taxable?

Any non-taxable income for an S corp, would be reported on line 5 of schedule M-1, income recorded on books not reported on schedule K lines 1-10 to reconcile book income with income on the return. The bill has not been signed & cannot be discussed yet. I want to make sure I understand. The new...
by Hayden
Tue Jan 05, 2021 8:52 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2772
Views: 275532

Re: [What TV Show Have You Recently Watched?]

When Covid started i decided to watch Star Trek. All of them. There are a lot. I'm up to Enterprise.

Based on the recommendations here, I'll watch Mandalorian when I finish.
by Hayden
Mon Jan 04, 2021 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Final i401k form 5500ez help
Replies: 12
Views: 510

Re: Final i401k form 5500ez help

I believe the end date you list is the date your assets were 0. So, wait until the assets are removed from the account, and then list that date as the end date.

i think you will also want to check the box for short plan year
by Hayden
Sun Jan 03, 2021 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Smarthome Design Requests - Building New Home
Replies: 48
Views: 2637

Re: Smarthome Design Requests - Building New Home

In addition to things already mentioned, I'm putting in a dedicated outlet where I plug in my computer. Don't want my computer affected if someone blows a fuse
by Hayden
Sun Jan 03, 2021 10:31 am
Forum: Personal Finance (Not Investing)
Topic: 5500-EZ form question for individual 401K
Replies: 14
Views: 1287

Re: 5500-EZ form question for individual 401K

I have a question on the Codes - I hope someone is still following this thread! My company is an LLC taxed as an S Corporation. So I am an employee of the company (I'm the only employee). Many of you mentioned that you included code 3B (plan covering self-employed individuals). I think that does no...
by Hayden
Sun Jan 03, 2021 10:30 am
Forum: Personal Finance (Not Investing)
Topic: 5500-EZ form question for individual 401K
Replies: 14
Views: 1287

Re: 5500-EZ form question for individual 401K

I'm no expert, but I would leave off 3B in your case. This thread was short, so there are just a handful of us following it. If you are concerned, best to post on one or two other threads on this topic where a wider number of Bogleheads may have other opinions. However, as noted by others, your ans...
by Hayden
Sun Jan 03, 2021 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Question on solo 401K cancellation and Backdoor Roth
Replies: 7
Views: 411

Re: Question on solo 401K cancellation and Backdoor Roth

I have an LLC taxed as an S Corp with a solo 401k. Fidelity told me I must close the account before I close the business. It is not possible to close the business and keep the account open, according to Fidelity.