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3 Reminders About Year-End Mutual Fund Distributions

I wrote on Tuesday that I bought PIMCO CommodityRealReturn Strategy Fund D (PCRDX) on Dec. 5, 2008. It’s a good segue to today’s post. As luck had it, only a few days later, my jaw dropped when I saw...

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0% Capital Gains Tax Rate for 2011 and 2012

Linda Stern of Reuters wrote about some of the less well known tax breaks in the proposed tax cut extension legislation before Congress. Savers, investors could profit from tax bill’s small print She...

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Reset Cost Basis Higher By Realizing Capital Gains

2011 is coming to an end. For those in the 10% and 15% tax brackets, you will want to realize some long term capital gains to reset your cost basis higher while you still enjoy the special 0% long term...

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Tax on Capital Gains While Receiving Social Security Benefits

I wrote last week about tax-free capital gains when you are in the 15% tax bracket or lower. I created this chart over the weekend to make it clearer what I’m talking about (click on the chart for a...

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Selling Noncovered Shares With Specific Identification At Vanguard

The IRS implemented new rules to help the taxpayers report capital gains and losses from securities sales more accurately. They did it by requiring the brokers and mutual fund companies to report the...

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Obamacare 3.8% Medicare Tax and Alternative Minimum Tax (AMT)

Now that the health care reform law is upheld by the Supreme Court, the 3.8% Medicare tax on unearned income for high earners is also here to stay. It will come into effect in 2013. Just to recap, the...

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Friday Reading: Financial Automation

Selling Investments to Pay Down a Mortgage by Mike Piper at Oblivious Investor Mike addressed a question from a reader about paying down a mortgage by selling investments. I would say if the money is...

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Friday Reading: Financial Repression

I Savings Bonds And Financial Repression by Michael at Long-Term Returns "Buy those I Savings Bonds while you can." I agree! I’m getting ready to buy another round in January. *** Earning income in a...

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Fiscal Cliff Deal and Dividends and Capital Gains

Today we look at how dividends and capital gains will be taxed after the fiscal cliff deal, officially known as the American Taxpayer Relief Act of 2012. Don’t be surprised it gets a little more...

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Happy Trails With Income Poor

This is the third and final installment on my Asset Rich Income Poor strategy. The road to asset rich sounds simple at a high level but it’s not that easy at the details level, because every decision...

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Converting to Roth and Harvesting Capital Gains Under Obamacare Premium Subsidy

I posted this chart in the previous post Stay Off Obamacare Premium Subsidy Cliff. It looked at the sudden jump in the net health insurance premium once your income goes above the premium subsidy...

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3 Reminders About Year-End Mutual Fund Distributions

I wrote on Tuesday that I bought PIMCO CommodityRealReturn Strategy Fund D (PCRDX) on Dec. 5, 2008. It’s a good segue to today’s post. As luck had it, only a few days later, my jaw dropped when I saw...

View Article

Image may be NSFW.
Clik here to view.

Happy Trails With Income Poor

This is the third and final installment on my Asset Rich Income Poor strategy. The road to asset rich sounds simple at a high level but it’s not that easy at the details level, because every decision...

View Article


Image may be NSFW.
Clik here to view.

Converting to Roth and Harvesting Capital Gains Under Obamacare Premium Subsidy

I posted this chart in the previous post Stay Off Obamacare Premium Subsidy Cliff. It looked at the sudden jump in the net health insurance premium once your income goes above the premium subsidy...

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Change Your Cost Basis Method From Average Cost To Specific Identification

If you have a “regular” taxable investment account (anything other than your tax advantaged accounts such as your 401k, 403b, IRA, Roth etc.), you should understand the different cost basis tracking...

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Adjust Cost Basis for ESPP Sale In TurboTax

Several readers asked me how to do taxes on ESPP sales in my article about doing taxes on sales from vested RSUs: Restricted Stock Units (RSU) and TurboTax: Net Issuance. It’s similar but not exactly...

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Adjust Cost Basis for ESPP Sale In H&R Block Software

The new IRS regulation for ESPP shares acquired in 2014 or thereafter requires adjusting the basis. Otherwise you will be double-taxed on the discount. Reader Roger asked me how to do it in H&R...

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Calculator: Sell Your Home For Tax Free Capital Gains

Reader Mark asked in Reset Cost Basis Higher By Realizing Capital Gains: I live in NYC where home prices seemingly always on the rise. When I reach the 250k threshold of tax free capital gains, should...

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2018 Tax Calculator With ACA/Obamacare Health Insurance Subsidy

Since the passing of the new tax law, major tax software vendors such as TurboTax, H&R Block, and TaxACT updated their online tax calculators to include a comparison between 2017 and 2018....

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California and New Jersey HSA Tax Return Special Considerations

After Alabama made its state law conform to the federal law, California and New Jersey are the only two remaining states that don’t recognize Health Savings Accounts. After reading my updated Best HSA...

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