Personal Finance & Money Questions, Problems & Solutions : TransWikia.com ~ Page 205

If I own a put option on XYZ, and XYZ becomes worthless, is my option also worthless?

This is a hypothetical question. Let's say I believe XYZ is in real financial trouble, so I purchase some seriously OTM put options on the cheap. Before the...

Asked on 05/13/2021

2 answer

Could a sizeable charitable contribution bump me into a lower income tax bracket?

As an unmarried individual in the US, if already donating a significant portion of one's income to charity, is it possible to to be 'bumped' into a lower tax bracket?...

Asked on 05/13/2021

3 answer

Tax exemption on HRA in India

I am fresh out of college working in Bangalore, and have not much idea about the income tax system in India. Here is my salary structure:Basic - Rs. 12,50,000 paHRA...

Asked on 05/13/2021 by user76402

2 answer

I plan on working for a US company from abroad for three months. Do I need a US address at this time to remain a tax resident of my state?

I am considering spending three months abroad while working remotely. While I plan on returning to my current state (New Jersey), I do not want to continue to pay rent...

Asked on 05/13/2021 by user101926

2 answer

Can the expense of one sole proprietorship be written off against the profit of another

I have a successful rental business, it's regularly profitable and it's an llc If I start another business, and that business records a loss for the year, can I write...

Asked on 05/12/2021

1 answer

wash sale rule for multiple lots

I am a bit confused by this specific scenario of buys, sells and how to calculate the cost basis for the lots I'm holding. This question is for USA tax...

Asked on 05/12/2021 by rohanag

1 answer

Loaning money to your small business by billing yourself and paying with personal credit card?

Can you loan money to your own small business by billing yourself and making a payment to it with your personal credit card? How would the accounting work on that?...

Asked on 05/12/2021 by BladePoint

2 answer

If you have an employee and taxes are greater than $2500, you have to file electronically?

My reading of the IRS's tax instructions is that if a family has an employee like a maid or cook, and that employee generates more than $2500 per quarter in...

Asked on 05/12/2021

1 answer

Buying real gold vs buying a stock that tracks the price of gold?

I want to invest in gold. I have two options: On an exchange like etoro, I can buy shares of a stock that tracks the price of gold. Or...

Asked on 05/12/2021

3 answer

Tax savings on employer contribution to pension scheme

Consider the following examples (numbers were calculated from tax.service.gov.uk). Annual salary: £20000 Income tax: £1498 National insurance: £1260 Total tax: £2758 Annual salary: £60000 Income tax: £11498 National insurance: £5060...

Asked on 05/12/2021

2 answer

Ask a Question

Get help from others!

Personal Finance & Money : Recent Questions and Answers (Page 205)

Ask a Question