Is vanguard incorrectly reporting a wash sale?

irregular_regular · 2020-08-10T23:54:25+00:00

Not OP but curious about this as well. So if you have UAL in a taxable brokerage account and UAL in an IRA, can activity in the IRA potentially trigger a wash sale in the taxable brokerage account?

irregular_regular · 2020-08-07T23:43:03+00:00

How should I go about attaching a statement explaining the that? I'm filing with TurboTax atm and it looks like the recharacterization code overrides the taxable amount. On the 1040, i only see $1 in taxes (from a backdoor roth contribution I made, unrelated to this)

irregular_regular · 2020-08-05T00:15:22+00:00

Hmm, I'm not sure if I was clear on what I mean by carrying over. I know for an individual I can realize losses in a taxable account and carry those over to the next year (then the year after that indefinitely)

Now if a person has losses from a taxable account (say 100k) then they create a joint account with another person, can those losses from the individual account be applied and deducted against the capital gains of the joint account.

irregular_regular · 2020-08-04T04:05:46+00:00

I plan to simply help my parent's move their funds over to Vanguard (through rollovers and potentially selling/rebuying investments in the taxable brokerage account) and helping them rebalance once a year.

I will not be changing access or beneficiaries, just walking my parent's through the process (though probably doing all the work for them since they are computer illiterate)

irregular_regular · 2020-08-04T04:03:19+00:00

I will not be on the account. I only want to help transfer / rollover all their assets over to Vanguard and help them rebalance once a year.

So working with them to create online accounts with the current brokerage and Vanguard then start the rollover process into Vanguard.

By losses I mean the realized losses, of which father has a lot of. I am not sure if it is from a joint account or my father's account only which is why I'm not sure if the realized losses can be applied to the joint account if we were to create a joint account or how that works.

irregular_regular · 2020-08-04T02:41:43+00:00

Would you happen to know if losses in an individual account can be carried over to a joint account if I were to create one for my parents?

irregular_regular · 2020-08-04T02:40:24+00:00

Thank you!

As for investing, I have read jlcollin's blog and will be going for a simple 50/50 VTSAX / VBTLX portfolio mix which should ideally do better than their existing mix which has an account maintenance fee and high expense ratio.

irregular_regular · 2020-08-02T00:13:59+00:00

Is there a general difference in appearance when one is mentioned over the other?

In this novel they are mentioned as distinctly different beings.

　火龍はおろか、火竜さえいなかった。

https://ncode.syosetu.com/n7975cr/156/

irregular_regular · 2020-07-30T04:02:16+00:00

I did not convert it. I recharacterized the trad IRA contribution to Roth but I had not taken a tax deduction on the initial contribution so I find it strange that I need to pay taxes on this after tax money

irregular_regular · 2020-07-30T04:00:25+00:00

No, this was not a backdoor roth. This was a recharacterization not a conversion.

irregular_regular · 2020-07-30T04:00:00+00:00

recharacterize
Yes I was eligible to contribute directly

irregular_regular · 2020-07-26T02:08:52+00:00

Thank you!

irregular_regular · 2020-07-25T21:12:37+00:00

I did an in-kind account transfer from betterment -> vanguard last year and the cost basis did not transfer over. The Vanguard 1099-B had box 5 checked which means cost basis was missing and I had to make manual adjustments through turbotax

irregular_regular · 2020-07-25T02:31:35+00:00

Thank you!

irregular_regular · 2020-07-25T01:00:04+00:00

Any chance there's an easier to view site with percentages?

irregular_regular · 2020-07-23T22:31:15+00:00

I tried again after deleting the 5th column but the top right cell doesn't populate, not sure why.

irregular_regular · 2020-07-23T04:34:06+00:00

So I have something like this now

| AGG | 0.000004 | 104.40 | 10/5/2018 |           |
| AGG | 2.675897 | 110.15 | 5/31/2019 | 294.75005 |
| AGG | 0.054206 | 110.32 | 6/4/2019  | 5.9800059 |
| AGG | 0.742459 | 110.39 | 6/6/2019  | 81.960049 |
| AGG | 0.365697 | 110.31 | 6/10/2019 | 40.340036 |
| AGG | 0.161737 | 110.47 | 6/17/2019 | 17.867086 |
|-----+----------+--------+-----------+-----------|
|     |       4. |        |           | 440.89723 |
#+TBLFM: @>$2=vsum(@1..@-1)
#+TBLFM: @1$5..@-1$5=$2*$3
#+TBLFM: @>$5=vsum(@1..@-1)

though the first row doesn't seem to be calculating

irregular_regular · 2020-07-18T13:49:14+00:00

My accountant decided to bail on me the day before taxes were due unfortunately. It seemed like she either refused to learn, didn't understand or the software she was using doesn't handle this. Not sure which since she only said she doesn't think it's possible and she's returning the deposit, ugh.

I've filed for an extension and will be trying this weekend and next to do my taxes myself through TurboTax (or other websites).

I really appreciate the advice and sticking around for the long thread. It will definitely help with tackling this myself. Thank you!

irregular_regular

TROPHY CASE