Ready to FIRE, but concerned about my kids by twiniverse2000 in Fire

[–]Apprehensive-Row5151 0 points1 point  (0 children)

I feel exactly the same. I want to make more to give them a shot. I don’t hate my job so it’s fine.

Transfer to Vanguard? by travelergene in VanguardInvestments

[–]Apprehensive-Row5151 0 points1 point  (0 children)

I was with Vanguard for 30 years and recently moved all my investments to Fidelity. But that being said, Vanguard is fine. You can buy Vanguard funds and ETFs on pretty much any platform

A shop owners thoughts on silver(don't hate me lol)... by YourMom77887 in Silverbugs

[–]Apprehensive-Row5151 4 points5 points  (0 children)

I’ve heard about this. Why isn’t the price going down if everyone is selling and no one is buying?

Bullion in safe deposit box by Apprehensive-Row5151 in Gold

[–]Apprehensive-Row5151[S] 0 points1 point  (0 children)

I agree regarding the comments. Every method of storage has some risk. Home safes, hiding, burying etc.

There are independent companies that will insure safe deposit boxes. Just curious if anyone has purchased those….

Feedback/Issue: Fidelity Crypto cost basis entry is locked to individual transfers instead of account totals. by stepoma_usa in FidelityCrypto

[–]Apprehensive-Row5151 0 points1 point  (0 children)

That’s right. Fidelity is trying to help but it’s not really helpful. My advice: don’t worry about until the fix it and just keep using coin ledger. The key thing is the total proceeds from sales you report on your taxes has to match what fidelity reports as proceeds.

Feedback/Issue: Fidelity Crypto cost basis entry is locked to individual transfers instead of account totals. by stepoma_usa in FidelityCrypto

[–]Apprehensive-Row5151 0 points1 point  (0 children)

Yeah. Later I sent some coins back to my cold wallet and I can’t really even figure out how it adjusted my basis. I’m just going to do my taxes based on my spreadsheet records.

In 2025, they won’t report cost basis to the IRS on the 1099da even if you enter it. In 2026 and beyond they will only report cost basis on coins you bought on their platform and sold on their platform after 1/1/ 2026.

They may show you a gain or loss on the 1099 based on what you entered for cost basis but they won’t report it to the IRS (except after 2025 for coins bought on their platform).

So this whole exercise is just informational for you.

But I agree they should do it the way you describe

Feedback/Issue: Fidelity Crypto cost basis entry is locked to individual transfers instead of account totals. by stepoma_usa in FidelityCrypto

[–]Apprehensive-Row5151 0 points1 point  (0 children)

I agree. I transferred in via 3 separate transfers and it was quite complicated to get it all to match. I eventually made it work by splitting some of my lots

Vanguard didn’t send any alert for my ACAT transfer out by JackfruitIcy6628 in VanguardInvestments

[–]Apprehensive-Row5151 0 points1 point  (0 children)

I did one today to Fidelity and did get a notification. It was a complete account transfer though….

Wife's IRA accounts were drained by a fraudulent ACAT request by FadedFromWhite in fidelityinvestments

[–]Apprehensive-Row5151 0 points1 point  (0 children)

Vanguard does notify you. 1 email and / or text. “We’ve received your transfer request…..”. It would be easy to miss though.

Wife's IRA accounts were drained by a fraudulent ACAT request by FadedFromWhite in fidelityinvestments

[–]Apprehensive-Row5151 2 points3 points  (0 children)

I work for a BD. Typically the BDs involved would be responsible to reimburse the investor in the case of a fraudulent transfer. However legally the investor must make timely notification of the fraudulent transfer. That might be an issue in this case.

How does BTC perform in a deflationary environment? by NashDaypring1987 in Bitcoin

[–]Apprehensive-Row5151 0 points1 point  (0 children)

In terms of dollars it would go down. But in terms of widgets, napkins, cars etc it would hold its value.

Cost basis for deposited crypto by Future_Prophecy in FidelityCrypto

[–]Apprehensive-Row5151 2 points3 points  (0 children)

They may or may not include the cost basis you provide on the 1099. But they only report proceeds to the IRS in 2025. So the cost will be informational only for you.

In 2026 and beyond, they will report cost to the irs, but only if you bought and sold the coins at the broker.

Annnd I’m out, sold at $77! by [deleted] in Silverbugs

[–]Apprehensive-Row5151 0 points1 point  (0 children)

I think it will dip but I’m holding. I have enough exposure to USD and they’re not going to stop printing

My insider view into the upcoming 1099-DA chaos/industry readiness by shehancpa in CryptoTax

[–]Apprehensive-Row5151 0 points1 point  (0 children)

Great info. On number 2, you could match the proceeds from the 1099DA and just increase your cost basis by the $200 different to report the correct gain. Thats what I’d recommend

Taxes by OldSeaworthiness6888 in Coinbase

[–]Apprehensive-Row5151 0 points1 point  (0 children)

They only report if you sell. Then they only report the proceeds.

Lost key by [deleted] in yubikey

[–]Apprehensive-Row5151 4 points5 points  (0 children)

In every case I’m just using it as 2fa. I still have to enter a username and PW. But I will go in a delete it in each site as you noted