Tax amendment / RSU / Cost Basis question - I had to log into my 2021 tax return yesterday. I noticed at that time I didn't have a cost basis for most of the RSUs I sold in 2020. Any guidance on the best way to amend my return? I did your standard HR Block electronic filing. I'm hoping I can go in there, put in the cost basis for each allotment of shares I sold which would bring down my taxable income and I'd get some money back. Is that possible? For background my companies stock 4-5x in 2020-21 so I did sell a lot of shares on the ride up and didn't question the capital gains tax when filing. I later learned that HR Block's sync with e-trade doesn't allow input what price the RSUs vested at so I was basically paying taxes if they vested at $0. I probably have the same but smaller situation for my 2022 return.
I did see that MSTR has outperformed COIN quite a bit YTD Riding it out until $350 or so then will start scaling out…crypto starting it’s second leg through of the year me thinks
I’d guess it has outperformed since Coinbase went public too but don’t have the data offhand. I just own it as a leveraged play on btc in a tax free account. Obviously could just buy the etf instead. Personally I think not owning btc in a 401k for at least a nominal amount is nuts considering the 10x+ upside.
Talk to a CPA. I think you're asking about obtaining a refund for calendar year 2020 taxes (so the return was filed in April 2021). Typically, you have 3 years from the date the return was originally due to amend the return to obtain a refund, but there are exceptions that can lengthen period in which you can obtain a refund
Are most in here still riding some kind of S&P fund? I’m 35, so probably won’t retire for another 30 years, just wondering if I should start being a little more cautious with who knows what happening after the election. Maybe it doesn’t matter this far out from retiring.
Stock market is historically minimally affected by president changes. If its for retirement just keep riding.
Look at the S&P like Nathan MacKinnon. Sometimes there will be pointless games and cold streaks but you're still gonna see 100 points at the end of the year. Maybe one year he gets hurt and the team struggles but long term you know you're gonna be ok with the puck on his stick.
My 401k and HSA are 100% S&P (employer doesn't offer a total stock index). I've shifted all of my other accounts to a total stock index (SWTSX). I wouldn't worry about the election impacting the market significantly.
VT a little too international heavy for my preference but is the easiest just dump it all in one bucket fund
I haven't rebalanced in a while but I imagine i'm about there as well I think the arguments both directions have merit
I’m 100% S&P in my Roth. Bought some more SPY today at 545, now at ~ 540, but I’m not going to lose sleep over it. Will probably rebalance to add ~15-20% international exposure soon.
Depends on what the underlying Intl fund is but 30% is rather high, particularly so if you are talking long term.
https://investor.vanguard.com/investment-products/etfs/profile/vt vanguard loves lots of international is where I plucked it from
When you’re 70 and can stop working unlike working until you drop dead like many in our generation will be facing.
I enjoy playing around picking individual stocks with small amounts of money but I would recommend to anyone that it's better to stick with low expense S&P index etfs or mutual funds, if they only have them in their employer accounts.
~50-80% or so goes into buying US index funds like VTI or S&P 500, is where most of the money goes and is the easy part where things get complicated is the remainder that i use to diversify into bonds and international stocks, where i'm less convinced that indexing is optimal, and i'm more willing to deviate from it.
I remember during the initial ark run going to my account and creating the buy order for like 10k Then remembering who was talking her up and deleting it
The BFF talked to a wealth manager who specializes in working with people in her field. He basically said what I did. Now to decide if she should actually use his service or just do it on her own. IMO its easy enough these days to auto add to various accounts, only like 5% of the money at most will be into vehicles that need any type of active management. I think she (me) should just manage it.
Curious why you think tomorrow is worth three years of risk when obviously they can just do it next month? I know you have an answer, just seems like a dramatic statement?
Should they cut tomorrow? Yes. Will they cut tomorrow? No. Powell is terrified of being Arthur Burns.
Just so so so much data showing a slowing and knowing cuts have lag time they might miss their window to blunt the impact
If they do a half point cut in September that will probably be ok but being ahead of the curve is important in this scenario
Almost all my accounts are fully in index funds, but I had enough play money to take some NVDA after hours yesterday. That worked out so well I'll be liquidating everything and going with my new individual stock/market timing strategy lololjk
They are for sure going to cut the inflation data has made it clear the risks are to the jobs market now. Still think the economy and jobs are just fine though, we will see what tomorrows NFP says but I think a lot of the influx of immigration has made things like the unemployment rate % noisy. That mixed with the election seems like we will just be pretty choppy for a while.