CPA - Copa Holdings, S.A. 0 WATCHERS

Advisor to manage the money - no you have a good diversified strategy. CPA to help with taxes around the inheritance and tax strategy on when/how to take the money out - would recommend.

Respect for mastering your emotions, larger respect for your CPA.

There are lot of factors to consider: - whether you are investing in a tax advantaged account - how much you can use the interest payments to reduce you tax bill - if capital gains on your home upto a certain amount are tax free - when you need liquidity …

Amazing factors for a professional your age! Only giving a general viewpoint to your questions without knowing more. 1. Are you actively contributing to the Trad IRA? Typically when getting into the phaseout ranges for Trad IRA funding, backdoor Roth contributions become a regular strategy. Nondeductible IRA contributions usually should …

not to belittle your $450k, but the odds finding an uber competent advisor is remote. Statistically most do not beat the S&P 500 overtime. Most Reddit readers lack the funds to engage in private placements. Simply buying VOO/VTI will beat most. If you’re younger tilt towards growth provided you have …

You need to be talking to (and paying) a CPA. And perhaps a lawyer. And going forward do not do anything with your finances unless you understand what is happening. Sorry to be blunt.

You are better of doing day trading with your own personal account. There are hassles with LLC or corp as the tax laws are different or complex. Consult CPA before making LLC. In short , you are opening Pandora Box for yourself! Google it , plenty of negatives for trading …

This is what ChatGPT says. But he needs to see a CPA because wash sales can be extremely complicated. Your dad does not owe $600,000 in taxes. That $600K is simply the total amount of losses that were temporarily disallowed because he kept buying Tesla again within 30 days every …

Make whatever big purchases you're going to before the end of the year. The more you spend now the less of your income will be taxable if you are buying property starting a business acquiring assets for said business. Probably want to talk to a tax attorney or CPA.

So this can get complicated but it's not the end of the world. The simple answer is if he sells all of his shares before December, then the disallowed losses will have enough time to be allowed in time for the next tax filing. But like I said, there are …

Tell your dad not to panic FULL STOP, but do consult a reputable accountant who is familiar with handling disallowed wash sales and mark-to-market status (if he chooses to pursue this) asap. Next, let's make sure you are reading the numbers correctly. If you go to his Schwab acct tab …

Bro's thesis is that NVDA has "Suspicious Revenue Recognition", didn't know Burry was a CPA 😂

Job for a lawyer or CPA or something. We can't help with this.