Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 12-25-2022, 06:34 PM   #61
gone traveling
 
Join Date: Jan 2022
Location: Murray
Posts: 69
I fundrd the $50 on 12/1, I guess I missed the part about the money coming from a non fidelity account
Northforker is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-25-2022, 08:25 PM   #62
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
jollystomper's Avatar
 
Join Date: Apr 2012
Posts: 5,072
Opened it on 12/1, funded the $50 from a connected checking account on 12/2. $150 received on 12/23. Woo-Hoo!
__________________
FIREd date: June 26, 2018 - "This Happy Feeling, Going Round and Round!" (GQ)
jollystomper is offline   Reply With Quote
Old 12-26-2022, 07:01 AM   #63
Thinks s/he gets paid by the post
 
Join Date: Aug 2005
Location: Crownsville
Posts: 3,098
Well I'll be damned! I just looked, and there it is! I got my $150 and I just checked my uncle's account, and he got his as well.

One thing I can't remember though...don't you have to keep the account open for something like 90 days, or you forfeit it? In my case, I just had it added to the $50 in the savings account, as I do my Roth with another company.
Andre1969 is offline   Reply With Quote
Old 12-26-2022, 07:09 AM   #64
Thinks s/he gets paid by the post
 
Join Date: Mar 2011
Location: North TX
Posts: 1,197
Quote:
Originally Posted by Andre1969 View Post
Well I'll be damned! I just looked, and there it is! I got my $150 and I just checked my uncle's account, and he got his as well.

One thing I can't remember though...don't you have to keep the account open for something like 90 days, or you forfeit it? In my case, I just had it added to the $50 in the savings account, as I do my Roth with another company.
Got mine! Gone shopping.
Surewhitey is offline   Reply With Quote
Old 12-26-2022, 07:17 AM   #65
Thinks s/he gets paid by the post
 
Join Date: Feb 2007
Posts: 3,482
Quote:
Originally Posted by Andre1969 View Post
Well I'll be damned! I just looked, and there it is! I got my $150 and I just checked my uncle's account, and he got his as well.

One thing I can't remember though...don't you have to keep the account open for something like 90 days, or you forfeit it? In my case, I just had it added to the $50 in the savings account, as I do my Roth with another company.
You have to leave the bonus in the account for 90 days.

"Account holders must maintain the bonus award (minus any losses related to trading or market volatility, or margin debit balances) in the account for at least 90 days from the date on which the bonus award is credited to the account. Fidelity may charge accounts that fail to comply with this requirement the cost of the bonus award."
__________________
Married, both 67. DH retired June, 2010. I have a pleasant little part time job.
Sue J is offline   Reply With Quote
Old 12-26-2022, 08:11 AM   #66
Thinks s/he gets paid by the post
 
Join Date: Aug 2005
Location: Crownsville
Posts: 3,098
Quote:
Originally Posted by Sue J View Post
You have to leave the bonus in the account for 90 days.

"Account holders must maintain the bonus award (minus any losses related to trading or market volatility, or margin debit balances) in the account for at least 90 days from the date on which the bonus award is credited to the account. Fidelity may charge accounts that fail to comply with this requirement the cost of the bonus award."
Thanks, Sue. I thought I remembered reading something to that extent. Still, even with that little constraint, it was a nice Christmas bonus!
Andre1969 is offline   Reply With Quote
Old 12-26-2022, 09:15 AM   #67
Moderator
sengsational's Avatar
 
Join Date: Oct 2010
Posts: 9,787
Quote:
Originally Posted by Northforker View Post
I fundrd the $50 on 12/1, I guess I missed the part about the money coming from a non fidelity account
Me too.
sengsational is online now   Reply With Quote
Old 12-26-2022, 11:07 AM   #68
Recycles dryer sheets
 
Join Date: Feb 2018
Location: North Central MA
Posts: 65
DW and I both got the $150 on 12/23. DD and GS go theirs as well.
georgemoe is offline   Reply With Quote
Old 12-27-2022, 06:40 AM   #69
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Amethyst's Avatar
 
Join Date: Dec 2008
Posts: 11,626
Just checked, and my $150 is there.
__________________
If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success to be able to spend your life in your own way. Christopher Morley.
Even a blind clock finds an acorn twice a day.
Amethyst is offline   Reply With Quote
Old 01-21-2023, 08:02 PM   #70
Confused about dryer sheets
 
Join Date: Sep 2013
Posts: 8
Quote:
Originally Posted by georgemoe View Post
DW and I both got the $150 on 12/23. DD and GS go theirs as well.


Did you open individual accounts or joint accounts? Would it matter for the bonus?
paul2102 is offline   Reply With Quote
Old 01-22-2023, 08:30 AM   #71
Recycles dryer sheets
 
Join Date: Feb 2018
Location: North Central MA
Posts: 65
Quote:
Originally Posted by paul2102 View Post
Did you open individual accounts or joint accounts? Would it matter for the bonus?
These were individual. It shouldn't matter.
georgemoe is offline   Reply With Quote
Old 01-22-2023, 06:08 PM   #72
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 14,858
Quote:
Originally Posted by paul2102 View Post
Did you open individual accounts or joint accounts? Would it matter for the bonus?
I would think 2 single accounts get 2x $150, vs a joint account gets $150.
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is offline   Reply With Quote
Old 01-22-2023, 06:47 PM   #73
Recycles dryer sheets
 
Join Date: May 2021
Posts: 55
I just went to the link and it says the offer is no longer available.
ModestNestEgg is offline   Reply With Quote
Old 01-22-2023, 07:16 PM   #74
Recycles dryer sheets
 
Join Date: Aug 2013
Location: New Jersey
Posts: 486
The $150 offer expired, but Fidelity still offers a free $100 when you deposit $50 at https://www.fidelity.com/go/special-offer
Al18 is offline   Reply With Quote
Old 01-23-2023, 09:24 AM   #75
Thinks s/he gets paid by the post
 
Join Date: Nov 2006
Posts: 1,356
Quote:
Originally Posted by Al18 View Post
The $150 offer expired, but Fidelity still offers a free $100 when you deposit $50 at https://www.fidelity.com/go/special-offer
Thanks for the link. I was going to add another brokerage account anyway so might as well earn a few bucks. I had to make sure the offer I did in 2021 didn't exclude me from this offer and it appears it doesn't.
PatrickA5 is offline   Reply With Quote
Old 01-23-2023, 05:19 PM   #76
Recycles dryer sheets
 
Join Date: May 2021
Posts: 55
Quote:
Originally Posted by Al18 View Post
The $150 offer expired, but Fidelity still offers a free $100 when you deposit $50 at https://www.fidelity.com/go/special-offer
Okay- thanks!
ModestNestEgg is offline   Reply With Quote
Old 01-31-2023, 12:56 PM   #77
Recycles dryer sheets
 
Join Date: Sep 2021
Posts: 104
I received $150 bonus on Dec. 22, but it looks like Fido consolidated 1099 did not include this for 2022. Does anyone know or experience how to report this for 2022 tax or Fido will include this for 2023 income, as the bonus needs to stay in the account for 90 days anyway?
Thanks in advance for any input...
xlf11 is offline   Reply With Quote
Old 01-31-2023, 02:00 PM   #78
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
jollystomper's Avatar
 
Join Date: Apr 2012
Posts: 5,072
Quote:
Originally Posted by xlf11 View Post
I received $150 bonus on Dec. 22, but it looks like Fido consolidated 1099 did not include this for 2022. Does anyone know or experience how to report this for 2022 tax or Fido will include this for 2023 income, as the bonus needs to stay in the account for 90 days anyway?
Thanks in advance for any input...

From the FAQs about the offer (https://www.fidelity.com/go/special-...s-conditions):


Quote:
Cumulative bonus awards credited to taxable accounts associated with your social security number or tax identification number, as applicable, including those held at an affiliate of Fidelity, totaling $600 or more within a calendar year will appear on your consolidated Form 1099. You are encouraged to consult with your tax professional about appropriate tax reporting and treatment relating to this bonus award and the deposit of the bonus award in your account. Any taxes resulting from the bonus award are your responsibility.
I am no tax genius, but this seems to indicate that if this is your only bonus award from them in 2022, it will not appear on a 1099.
__________________
FIREd date: June 26, 2018 - "This Happy Feeling, Going Round and Round!" (GQ)
jollystomper is offline   Reply With Quote
Old 01-31-2023, 03:09 PM   #79
Moderator
rodi's Avatar
 
Join Date: Apr 2012
Location: San Diego
Posts: 13,378
This raises the question, I assume we still have to report it. Does anyone know what form we put it on and how we characterize it?
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
rodi is offline   Reply With Quote
Old 01-31-2023, 03:21 PM   #80
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
jollystomper's Avatar
 
Join Date: Apr 2012
Posts: 5,072
Quote:
Originally Posted by rodi View Post
This raises the question, I assume we still have to report it. Does anyone know what form we put it on and how we characterize it?

My guess would be the "other income" line (8z) on Schedule 1.
__________________
FIREd date: June 26, 2018 - "This Happy Feeling, Going Round and Round!" (GQ)
jollystomper is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Capital One CC $150 free cashback Tailgate FIRE and Money 9 01-20-2018 04:32 PM
Did we get a good deal on our new F-150 truck? PICS thefed Other topics 16 03-12-2010 09:03 AM
Live to be 150 REWahoo Other topics 26 04-06-2008 11:23 AM
Scraping by on $150,000 a year Milton FIRE and Money 11 10-13-2007 02:43 PM
$150,000 cash question....help EricMD FIRE and Money 11 07-09-2005 07:32 PM

» Quick Links

 
All times are GMT -6. The time now is 06:38 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.