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Personal Finance & Money : Recent Questions and Answers (Page 65)

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

Formula for time taken to pay off loan with annual interest and monthly repayments

I am trying to find how to work out the period of time it will take to pay off a loan. There are plenty of online calculators out there but...

Asked on 08/11/2021

1 answer

Why do NFTs have value?

I've seen dozens of articles on NFTs, and not comprehended a single one. So when someone made an NFT of the first Twitter posting, I didn't understand...

Asked on 08/11/2021

10 answer

Sample illustration for UK pension

Is the following sample illustration for contribution to a UK SIPP correct? Annual salary - £60,000 (Top marginal tax bracket 40%) Total tax (including national insurance) £16,558 (according to tax.service.gov.uk)...

Asked on 08/11/2021

1 answer

How do USA Estimated Tax Payments Work?

I repositioned my investments and sold a large quantity of stock in the first quarter of this year.As such, for the first time in a long time, I will...

Asked on 08/11/2021

1 answer

How do people with LOTS of itemized trades list them on US tax forms?

Assume it is given that you need to itemize trades on, say, Form 8949 (+ any state form(s)). These forms only allow so many transactions per page (14 entries for...

Asked on 08/11/2021

2 answer

Very high strike price for call option (GME)

I noticed that there are many call contracts on GME at a strike of $800 that expire in 5 days. Currently the price of GME is at $110. ...

Asked on 08/11/2021

2 answer

What are the implications for institutional traders left holding a long WTI contract at expiry, unable to take delivery?

Given the historic drop in the front month WTI price today, I was wondering what the ramifications are for those professional traders who are left holding a long position. Note...

Asked on 08/11/2021

2 answer

Filing jointly, can I pay estimated taxes on behalf of my wife's side work?

Quick background: I have an EFTPS account where I've paid estimated taxes in the past for some side work in programming. I haven't used it in years. My wife recently...

Asked on 08/11/2021

1 answer

short put follow up question

Writing naked puts can be somewhat risky therefore it is useful to be long the underlying stock the appropriate number of shares. Assuming one is in this scenario I have...

Asked on 08/11/2021

1 answer

If a mutual fund sell shares for a gain, do investors need to pay capital gains tax twice?

In here it is stated thatAn investor holding mutual fund shares in a taxable account may owe tax on any net capital gains realized from the sale of...

Asked on 08/11/2021

3 answer

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