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Probably I'm not understanding this correctly. I have an IRA, with required distributions. Those distributions of course are taxed. Lets assume that the tax due is $1000.
If I were to sell an asset and take a $1000 loss, would that loss offset the tax on the IRA distribution? Somehow that seems too good to be true.
For sure... me too. BTW, I just learned something new about emoticons. Thanks. :)Wow, I would not have guessed there would be so much drama regarding account aggregation! This wasn't a controversial investing topic like active vs. passive or domestic vs. foreign. ¯\_(ツ)_/¯
@sven
I think it is possible for a hacker to impersonate your phone SIM card and break the two factor authentication.
I use LastPass but not for financial sites.
Does anyone knw any more about LastPass hack? second time this year but company says no passwords were compromised.
Anybody think 1Password etc any better? Anyone other than @Observant1 have experience with KeePass?
In reporting the losses to the tax person, are the corresponding purchases needed for the tax person (or IRS) to determine what loss is allowed? My Schwab account will show realized losses/gains on a screen and indicates when a loss is not allowed per wash sale. Possibly my year end aggregate 1099 will show all the info required.Unfortunately, 11/30/22 distribution would be WITHIN the +/- 30 day wash sale window.
Good news is that only the distribution amount would be disqualified due to wash sale. In case of partial sale, that amount would be added to cost basis of the remainder, so basically, the wash sale defers the tax loss. If total sale, then there would be no way for the broker to adjust the cost basis and it won't be shown in 1099.
Whatever pay increase the Times eventually agrees to, the NewsGuild is calling for a cost-of-living adjustment (COLA) that would equal inflation, that would hold Guild members harmless against any increase in inflation. The Times has rejected that COLA proposal even though enlightened employers often agree to cost-of-living adjustments. Not only do such provisions protect employees from having their pay eroded by higher-than-expected inflation, but if inflation remains low, COLA provisions would help the employer’s bottom line by holding down any promised raises. I hope that Times management will see the light on this—and take the enlightened approach.
It’s not as if the Times can’t afford to give newsroom employees a 22.7 percent raise over four years. That’s around ten percentage points above what the Times is offering, and with each percentage point translating into $1.5 million a year in raises, that would cost the Times $15 million annually. That represents just 10 percent of the $150 million stock buyback and a small fraction of the Times’ current $465 million in cash on hand.
Meanwhile, the Times raised paper subscription rates 10% at the start of 2022, and will raise them another 12% at the start of 2023. That's more, cumulative, in just two years than the workers are asking for spread over a period of four years.In the current negotiations, the NewsGuild is demanding a wage increase averaging 5.25 percent a year over four years.... According to the union, the Times’ latest wage offer comes to 2.875 per year...
In the MFO list of fund CGs (by @TheShadow), est for MAPOX as of 11/10/22 was in 4.93% - 5.50% range. It came out at 5.44%.
https://www.mutualfundobserver.com/discuss/discussion/60074/2022-year-end-capital-gains-distribution-estimates-vanguard-s-final-estimated-year-end-posted/p1
https://www.mairsandpower.com/about-us/company-news/item/163-estimated-2022-capital-gains-and-dividends
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