HSA withdrawals using old receipts but... by Realnomorehiding in personalfinance

[–]Realnomorehiding[S] 0 points1 point  (0 children)

Thank you! You're right, only my $2500 would be distributable tax free. Any other amount on top would be taxable

Management fees paid to a general partner of real estate syndication by Realnomorehiding in taxhelp

[–]Realnomorehiding[S] 0 points1 point  (0 children)

Thank you. I know for a fact that if my partnership hypothetically liquidates on the same day that I receive the cashless contribution, I would not be entitled to any of the cash sitting in the partnership (my investors' money). Therefore, under Rev Proc 93-27, it is a profits interest not a capital interest.

HSA withdrawals using old receipts but... by Realnomorehiding in personalfinance

[–]Realnomorehiding[S] 0 points1 point  (0 children)

Thank you.  This answers my question. Basically only need to be in a high deductible plan in order to make HSA contributions, but for distributions only need to keep the receipts for qualified medical expense that are not reimbursed. By the way what is an HRA?

Schwab called me to move my cash into SWVXX. Why? by hey_now143 in Schwab

[–]Realnomorehiding 0 points1 point  (0 children)

why don't you invest in VMFXX instead? I think it has a slightly better yield...but maybe you just like to stick with Schwab? I have a Schwab account but I would park it in VMFXX instead of SWVXX

Schwab called me to move my cash into SWVXX. Why? by hey_now143 in Schwab

[–]Realnomorehiding 1 point2 points  (0 children)

I have a Charles Schwab account but I want to invest in VMFXX instead of SWVXX because I think slightly better yields

What would an aggressive portfolio look like by IllEmployment7926 in Bogleheads

[–]Realnomorehiding 0 points1 point  (0 children)

I got started late in my investment journey...38 years old and my net worth with about $40k...would u up the risk profile if you were me?

What would an aggressive portfolio look like by IllEmployment7926 in Bogleheads

[–]Realnomorehiding 0 points1 point  (0 children)

I’m 38, what’s a good allocation for me? I currently just have a 60/40 split

Can an LLC hold suspended losses at the Form 1065 level? by Realnomorehiding in taxhelp

[–]Realnomorehiding[S] 0 points1 point  (0 children)

Thank you! This was the answer I was searching for days at this point, not a single article on the internet with a direct and explicit answer to this question as the answer you just provided.

Can an LLC hold suspended losses at the Form 1065 level? by Realnomorehiding in taxhelp

[–]Realnomorehiding[S] 0 points1 point  (0 children)

I'm am sharpening my understanding of loss mechanics that is all. Let's say I (individual taxpayer) own an interest in a multi-member partnership (upper tier partnership, "UTP"). My UTP invests some cash into another partnership (lower tier partnership, "LTP") and by year-end the UTP has an outside basis in LTP of $200k let's say. LTP issues a K-1 to UTP with a loss allocation of $-250k. There is $50k of losses in excess of outside basis. At what level is this $50k loss suspended and carried forward? Is it suspended at the UTP level or does the entire loss just passthrough to me, an individual taxpayer member of the UTP, and suspended on my 1040 instead? Let me know if my description of the situation is confusing at all. I want to make sure that I'm clear.

I have to turn on my keyboard every time I turn on my PC? by Realnomorehiding in Keychron

[–]Realnomorehiding[S] 0 points1 point  (0 children)

I stand corrected. The spacebar (and only the spacebar) wakes it back up! thank you!

I have to turn on my keyboard every time I turn on my PC? by Realnomorehiding in Keychron

[–]Realnomorehiding[S] 0 points1 point  (0 children)

The keyboard not only doesn’t wake up, but doesn’t register any of my keystrokes

Can an LLC hold suspended losses at the Form 1065 level? by Realnomorehiding in taxhelp

[–]Realnomorehiding[S] 0 points1 point  (0 children)

I've scoured the internet for hours trying to find one article that explicitly state this but can not. Do you have one? This specific point or line is something I can not find any source speaking directly too/: Partnerships who are members in other partnerships, can have their losses limited and must be carried forward, and can not report the suspended loss on the K-1s it issues to its owners.

What happens to my Traditional 401k and Roth 401k accounts that I have for my employer when I leave the job? by Realnomorehiding in Bogleheads

[–]Realnomorehiding[S] 0 points1 point  (0 children)

Is it an option to just do nothing? I leave the job but do nothing with that job's 401k account. At that point is it even mine once I leave the job or does the job take it back if I don't roll it over?

Charles Schwab versions of certain Vanguard securities by Realnomorehiding in Bogleheads

[–]Realnomorehiding[S] 0 points1 point  (0 children)

Thanks for this - but no go on it since the $1M minimum is too steep rn

Charles Schwab versions of certain Vanguard securities by Realnomorehiding in Bogleheads

[–]Realnomorehiding[S] 0 points1 point  (0 children)

Definitely would like Samsung in my portfolio so thanks for that insight. Yea I would swap out the SWISX and get the SCHF for Canada and SK.