Search found 37 matches

by williswine
Wed Apr 08, 2020 12:25 pm
Forum: Gold
Topic: Perth Mint Online Depository Program
Replies: 33
Views: 11446

Re: Perth Mint Online Depository Program

Thank you very much ahrunforthehills! I originally considered Perth Mint accounts to be custodial. I've been oscillating between the two possible choices reading the IRC and trying to interpret it. It's of course thorny but what seems to matter is that the mint is not a bank. I should share my analy...
by williswine
Sun Apr 05, 2020 2:41 pm
Forum: Gold
Topic: Perth Mint Online Depository Program
Replies: 33
Views: 11446

Re: Perth Mint Online Depository Program

This year, I have enough in the account that I need to report it on form 8938. This account is in my name only. I think it is considered a "Foreign Deposit Account" so has to be reported in Part I rather than II and also in Part V rather than VI of form 8938. What is not super clear to me is whethe...
by williswine
Sun Apr 05, 2020 2:38 pm
Forum: Gold
Topic: Tax lots for gold ounces
Replies: 12
Views: 1096

Re: Tax lots for gold ounces

Right, technovelist: thank you, I think you nailed it and so to go back to my original example, only FIFO seems to apply. SpecID would definitely apply to ETFs (assuming the two items are followed) and depending on interpretation of pub 550 likely to bars or coins bought all at once in a given year ...
by williswine
Fri Apr 03, 2020 12:55 am
Forum: Gold
Topic: Tax lots for gold ounces
Replies: 12
Views: 1096

Re: Tax lots for gold ounces

This is an interesting article and I knew about it Vinny but it focuses on promoting gold investing in tax-deferred accounts rather than on the details of cost basis reporting for gold accumulated over time in taxable accounts. I've "binged" ;) the Net over this and am yet to find anything close to ...
by williswine
Thu Apr 02, 2020 11:17 pm
Forum: Gold
Topic: Tax lots for gold ounces
Replies: 12
Views: 1096

Re: Tax lots for gold ounces

Thank you technovelist. I don't know how Swiss banks do and guess I won't ever know myself. I understand Perth Mint would sell per item 1 if asked but wouldn't confirm the specification per item 2. For them, a client owns a number of ounces and the mint sells from that "pot" then confirms how many o...
by williswine
Thu Apr 02, 2020 5:34 pm
Forum: Gold
Topic: Tax lots for gold ounces
Replies: 12
Views: 1096

Tax lots for gold ounces

For mutual funds, IRS pub 550 has a rule in place for specific identification of shares. Specifically: Specific share identification. If you ade- quately identify the shares you sold, you can use the adjusted basis of those particular shares to figure your gain or loss. You will adequately identify ...
by williswine
Thu Apr 02, 2020 4:57 pm
Forum: Stocks
Topic: Tax-Loss Harvesting Recommendation (Vanguard Total Stock Index)
Replies: 11
Views: 1872

Re: Tax-Loss Harvesting Recommendation (Vanguard Total Stock Index)

2 - Yes except perhaps other tax-deferred accounts than IRAs.

3 - No but beware wash sales!

Not responsible for any mistake above - I am no tax person!

Edited as my answer to 1 was SV-centric.
by williswine
Thu Apr 02, 2020 4:40 pm
Forum: Permanent Portfolio Discussion
Topic: Golden Butterfly rebalancing bands
Replies: 26
Views: 4760

Re: Golden Butterfly rebalancing bands

Tyler: in the GB portfolio, you do not consider SV as a VP and the other four assets as a PP, i.e. when rebalancing, you take profits from what would be considered PP assets and rebalance into the SV slice if that is in need of a refill, correct?
by williswine
Thu Apr 02, 2020 4:15 pm
Forum: Gold
Topic: Perth Mint Online Depository Program
Replies: 33
Views: 11446

Re: Perth Mint Online Depository Program

I've been a happy Perth Mint Depository Program account holder since last year for unallocated gold. I haven't received this email but all my dealings with the mint have been flawless. I should post on this separately. This year, I have enough in the account that I need to report it on form 8938. Th...
by williswine
Thu Apr 02, 2020 4:08 pm
Forum: Other Discussions
Topic: The Permanent Tooth and Gum Care Regime
Replies: 175
Views: 132941

Re: The Permanent Tooth and Gum Care Regime

Peelu USA (no affiliation) sells dental fibers made from the same tree as that chewing stick. I have been using http://peelu.com/dental-fibers/spearmint-25-oz/ for years now and my dental hygienist is always amazed at how little plaque I have. I don't really like the taste of it but it leaves my mo...
by williswine
Thu Jun 21, 2018 4:01 pm
Forum: Gold
Topic: Perth Mint Physical Gold ETF (AAAU)
Replies: 12
Views: 5113

Re: Perth Mint Physical Gold ETF (AAAU)

pugchief I do not know, and I also don't know how long the application will take to be processed but I believe this filing to be the last step before the IPO. It would take someone familiar with the SEC filing process and any subsequent steps to guesstimate this, and that's not me. Hopefully soon!
by williswine
Thu Jun 21, 2018 3:43 pm
Forum: Variable Portfolio Discussion
Topic: Golden Butterfly Portfolio
Replies: 521
Views: 138068

Re: Golden Butterfly Portfolio

Indeed, the choices are many. VBR's E/R is appealing. IJS may have low trading volume but other offerings had even lower ones last time I checked: PXSV is one example, despite being considered by some bogleheads as having an ideal profile, perhaps better than even DFA US Small Cap Value. Of course, ...