Will there be any tax implications from Venmo transactions in FY21 given the new fees they introduced earlier this year? Neither I nor any people I have transacted with this past year have noted that anything was for goods/services regardless if that was actually the case so am wondering if there will be any changes as to how things are accounted for or if any new forms are being issued.

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They are stepping up 1099 reporting by lowering the thresholds, correct? They and other similar services SHOULD ignore friend to friend transfers as it will be a reporting nightmare if you get a 1099 for shared expenses/gifts. I know they are trying to catch small businesses that are"forgetting" to report income but that would lead to thousands of false positives.

If they do report those then the burden will seemingly fall to you to document why this is not income. Would you include in your return then zero it out in case they try to match to the 1099?

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Currently living with parents in Charlotte (26 yrs old) and start new job August 3rd. I probably won’t be back in office until Jan 1 but I’m contemplating starting a new lease in NYC in Sept or Oct for independence, productivity, and favorable rent prices. Part of me thinks that dumb with things being closed and how much I could save at home but I’m ready to be on my own. What are everyone’s thoughts who’ve dealt with a similar situation? (I also have comfortable savings and no debt).

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Lost a lot in doge after panic selling and then Musk happened.. how do I come to terms with my losses! 😓

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Its in Texas, and the initial BK filing was made about 23 months ago. TIA!

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At what age did you buy your first house?

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@Partners - how much money do you need to invest I to the firm to get your partner share?

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You'd be down 60% if you bought bitcoin with this person. Thanks for playing.

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Should I be reducing my contribution to my 401k at the moment? Based on the drastic 🐻 market?

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Put an extra $500 a month to our mortgage principle,’or invest that into an index fund in a brokerage account? Mortgage rate is 3.875%

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401k Roth or traditional 401k?

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Can I do 1031 exchange with the profits from the sale of a second home into the purchase of a primary?

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can we change office within the same city? in my offer letter it is mentioned rga but i want the nearest office.

Job Opening

Job Title - Project Coordinator

Only W2 Candidates (No C2C)
Locations - Charlotte, NC; Minneapolis, MN; Des Moines, IA; Chandler, AZ; & Antonio, TX
Hybrid Model ( 3 days onsite & 2 days remote)

Industry - Banking / Finance ( Wells Fargo )

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Hi,
I am on bench from more than 2 months now
I had discussions with 2 separate project teams but they have not gotten back.
Is this normal in TW?

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Joined LTI in June in Citi bank account. But still no onboarding. Many people waiting for VDI. Manager said it's freeze from Citi side process is slow. Now they have started releasing people. It's easy to get another project on bench. Will LTI ask to resign?

Book recommendations for a vacation?

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Anyone heard of independence consulting out of NC?

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Apologizes if this is a dumb question: but do companies keep the same pay for every employee regardless of location?

For example: paying someone a base of 80k in Georgia vs paying someone 80k in California

or do they make exceptions when it comes to base salary on location?

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Countries such as Turkey, Israel, Sweden, Spain are hiring aggressively. A simple LinkedIn search of your prospective role in these locations should give you an idea

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Has any of the recent joiners joining date at KPMG Global Services been rescheduled by the HR?
Mine has been rescheduled from 21st Nov to 5th Dec because of some back end data issue in the HR system. Is this normal?
Please suggest.

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Somebody say layoffs?

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DOGECOIN to the 🚀🚀🚀🚀

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Additional Posts in Personal Investment Chatter

I have a 401k from my previous employer in Meryl Lynch. Current 401k is in fidelity. I would like to know if it’s easier to roll over ex employer contributions to fidelity (or) open an independent IRA account. I don’t intend to withdraw money from or take a loan on 401ks

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Anyone have a lawyer or personal finance advisor they trust and recommend in NYC? Post MBA and new to the city; I need to buckle down and finally get a will and outside $ advice on taxes.

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What's the average cost you've spent on a vacation between the travel and stay over the past few years (cost per person)

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My investing strategy is just to DCA into an S&P 500 index fund and keep buying and holding. If I understand correctly, the sole disadvantage this has compared to a tax sheltered retirement account is that the quarterly dividends will be taxed? But even so, they’ll be taxed at a lower qualified dividend rate since I’m automatically reinvesting those dividends.

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Hi! I’m finally closing my HSBC accounts (terrible customer experience and bad app). Just signed up with Chase for my checking. What would people recommend for a general savings account (for my rainy day fund to sit)? After 401k contributions I just put everything into Betterment. Is this a good plan? Recommendations/ advice appreciated.

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Need advice on where to invest my money. I’m 27 y/o and have 100k saved. 25k with a badly managed robo advisor which has only given me +3% this year, 15k actively invested and 45k in cash (pls no judgement, I know about inflation, that’s why I’m seeking advice), 15k in my retirement savings fund. Want to ditch my robo advisor and start investing as diversified as possible without having to buy single stocks. Any advice?

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QQQ or VGT?

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I am looking to buy my first rental property in a couple of months. What questions should I ask the realtors during the vetting process.

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Really struggling with where to invest a few 100Ks (depreciating in the bank currently) in this market. Everything is at historically high price and it seems like I might just wait out for next large dip in 5-6 months vs investing now? What is your advice? Any stocks/ETFs?

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Hey all newbie here. My husband and I are living that Double Income No Kid life wanting to (Financial Independence) Retire Early.

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Thanks a bunch!

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Hey people,
Are there any visa restrictions on mining for Bitcoin or ETH in USD.

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Park for a week at Seattle airport. Cost?
Where is the spot?

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Creating a 529 for myself before having kids…Should I setup a 529 for myself?

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Thoughts on the Marcus Investment robo advisory rolled out by Goldman a few weeks ago? They charge low fees which is great, but I have a hard time seeing what makes it different than others.

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Following up on “how you pay for engagement rings question”, where did you buy the engagement ring? Blue Nile? Private jeweler?

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My partner and I are in the process of buying a PHEV that qualifies for the full non-refundable federal tax credit. We will both owe taxes in excess of the current $7,500 cap (will see if that increases with the new budget bill). If we both own the car (i.e. both names on the title), how do we manage filing for the tax credit when filing separately? Do we just pick one of us to file? Is there guidance on splitting the credit across owners? Does it matter what order our names are on the title?

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