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Personal Finance & Money : Recent Questions and Answers (Page 371)

Find answers to your questions about Personal Finance & Money or help others by answering their Personal Finance & Money questions.

Shutdown my Solo 401(K) plan and form 5310

I recently shutdown my Solo 401(K) plan at E*Trade. I plan to file form 5500EZ. I have distributed the money to a traditional IRA and a Roth IRA. None of...

Asked on 01/28/2021

0 answer

Am I eligible for the stimulus check, and if so, why haven't I received it?

In 2018, I was claimed by my parent on their tax return. But in 2019, after I graduated from college, I filed my taxes with a single status and made...

Asked on 01/28/2021 by Christian Parent

2 answer

How To Access US Trade with Filipino Passport

I would like to open a US trading account and have access to US stock exchange but I'm from the Philippines, hence I don't have SSN. Can you recommend a...

Asked on 01/28/2021 by ssmm

1 answer

I unwittingly laundered money. What should I do?

Recently, I gave my bank account details to somebody who said they will be using my account to transfer money between personal accounts, and that I would get a commission...

Asked on 01/28/2021

2 answer

How can I compare the order execution quality between two brokers if they don't follow the Financial Information Forum (FIF)'s template?

As explained in https://www.stockbrokers.com/guides/order-execution (mirror), the information present in SEC Rule 606 reports don't allow to compare the order execution quality between brokers. As...

Asked on 01/28/2021

1 answer

Why don't all dividend-yielding companies offer dividend reinvestment plans (DRIPs)?

My uneducated guess is that dividend reinvestments seem to be a win-win situation between companies and shareholders. As a result, I wonder why some dividend-yielding companies do not offer dividend...

Asked on 01/28/2021

2 answer

How are certain Indian small businesses dealing with taxes?

When I am attempting to register a domain from a domain reseller, I don't see any tax component getting added by the reseller. However, Godaddy or HostGator adds 18% GST...

Asked on 01/28/2021

0 answer

how do you value what your leisure time is worth?

Time and money are finite resources. They're reasonably easy to convert from one to the other. Some people value one more than the other. Some circumstances may warrant valuing one...

Asked on 01/28/2021

16 answer

How should I record a gift card?

I have received a $50 gift card for my birthday, and I've been thinking on how I should record it in my books, using double-entry accounting. I don't think it...

Asked on 01/27/2021

2 answer

Wash Sale Rule --> disallowed loss carry forward in this particular scenario where I buy replacement shares just *before* selling the entire position?

Please see the example below illustrating a scenario where I buy replacement shares before selling the entire position. My questions are:If I don't buy replacement stock for 30 days after...

Asked on 01/27/2021

1 answer

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