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Been with Vanguard in various amounts and accounts all my life. Had an account with Capital One for years that was in my name only. I wanted to add my wife as joint owner for convenience if I die before her. But Capital One was making that difficult so I opened a new joint brokerage acct. at...

Last week I prepared my daughters 2021 income taxes. As per usual I let it sit for a few days while I made sure everything was accounted for and ready to go. Yesterday morning I hit the "send" button and shortly thereafter received an email from the IRS that the return was accepted. Within the...

I recently sold 1200 shares of an ETF which consisted of several lots. All but the most recent lot were sold at a gain, the most recent 200 share lot was at a loss. In the aggregate there was a gain. If I buy 1000 shares within the 30 day time frame will I avoid the wash sale rule?

As in recent years I used H&R Block Deluxe. Process was straight forward, no surprises, and to my satisfaction the final figures matched those in my excel spreadsheet which I have used and refined over the years to track my tax liability. This morning however while taking another look at my...

I've been collecting a spousal benefit for a few years now but will turn 70 on March 31st. I'm just wondering what is the easiest approach to making the switch to my own benefit. When should I do it? Can it be done online or by phone or will I have to make an appointment and go to the office...

Our governor has proposed a scheme to circumvent the provision in the recently enacted federal tax legislation which caps the deduction for state and local taxes at $10,000. Under the proposal towns and cities would be allowed to establish "charitable foundations" to accept contributions in...

In the past withholding on pension and annuity payments to Connecticut residents was optional. I always elected no withholding. If I owed any tax, and I haven't for several years, I made estimated payments. Now, for 2018 the state has made withholding mandatory. In the absence of a completed...

As soon as I had everything I thought I needed I e-filed my 1040. Then along comes an unexpected (forgotten) 1099-B for the sale of fractional shares prior to distribution of a stock my aunt left me. Total proceeds $33.15. Long term capital loss of $11.73. Since I already took a loss of $3,000...

In January 2016 I inherited a Vanguard Variable Annuity. I elected to take the stretch option and was notified by Vanguard that I had to take the first distribution by January 6, 2017. (One year from date of death). Simple enough. January 1st to January 6th was too tight a window to suit me, I...

I keep a spreadsheet for income tax planning and am having trouble getting one thing straight. Example: Taxpayer, married filing jointly, has 30k in income from retirement plan distributions, interest, and dividends. Plus 25k in social security. About 4k of the social security is taxable. If...

My 92 year old father was sent from the nursing home to the ER in early January with an urinary tract infection that was not responding to treatment. The hospital diagnosed him with Fournier's gangrene and a sepsis infection. The treatment recommended was extensive tissue removal in his groin...