Personal Finance & Money Questions, Problems & Solutions : TransWikia.com ~ Page 493

Tax consequences of paying "rent" to romantic partner that owns the house

I moved in with my romantic partner nine months ago. My partner owns 100% of the property and pay about $1000 per month to the mortgage (minimum is something like...

Asked on 08/03/2020 by Klaycon

7 answer

I just paid off my car - should I release my Credit Union's lien on the car?

We just came upon a windfall significant enough to pay off our car loan - so I did. My Credit Union just sent me a letter describing the way...

Asked on 08/03/2020

5 answer

Why are dividends different from property income like rent?

My question should be more like: why dividends are inseparable from the appreciation of a stock's price? The common explanation is something like:Stock A pays a $10 (10%) dividend and...

Asked on 08/03/2020

9 answer

US: How do offshore bank accounts help?

How does having an offshore bank account help? From my (limited) understanding, the U.S. taxes on all income worldwide, so placing money offshore would still be taxed normally. Why, then,...

Asked on 08/01/2020 by mdh60834eoopy

3 answer

UK Stamp Duty - corona virus changes

I am about to buy my first house in UK with my girlfriend (price is £250,000) I also own a house in Poland, that my dad gave me in his...

Asked on 08/01/2020 by Matthewek

1 answer

On my tax status and the substantial presence test for F1 student on OPT

I have done much reading on the matter but I find myself still uncertain regarding my current tax status, because of how the exemption days count for F1 students. I...

Asked on 07/31/2020 by Clippy

1 answer

Withholding taxes when removing an excess contribution?

I am attempting to remove an excess contribution made to my 2019 Roth IRA account before 2020 tax deadline. While removing the contribution, Vanguard asks for whether federal and state...

Asked on 07/29/2020 by oneCoderToRuleThemAll

2 answer

How do I determine whether or not a stock is DTC-eligible?

From my understanding, exchange-listed companies are all DTC-eligible (DTC meaning Depository Trust Company), so my question is more about the companies that trade over-the-counter. How can I check whether or...

Asked on 07/28/2020

0 answer

Buy real estate without paying tax on earnings

I own an s-Corp doing computer programming. Annual revenue roughly 100k. It’s sitting in a bank account. Can my s-Corp use that money to buy assets(real estate) worth 100k and...

Asked on 07/27/2020 by DidIReallyWriteThat

1 answer

IRR calculation with Initial Investment disbursed on two years

In my case, I think:Numbers say more than words.So, I've simplified the financial situation in this image:Here is the...

Asked on 07/27/2020 by Backo

0 answer

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