Matthew Hague

I took that generic mountain photo.

[Matthew Hague @matthague1]

Anyone seen a max buy limit on a mutual fund? Was told it was something weird like $11,383 per transaction - never seen that before?

[Matthew Hague @matthague1]

@choffstein You'd think that if the 'wirehouses' cared enough about crypto, they could solve that, but until then, why not make some anxiety_bank?

[Matthew Hague @matthague1]

@jeremywalter When you say provider, are you referring to a custodian? I think they're likely dime a dozen. I think there is value in an analysis of the transaction. Transfer costs, annual tax savings, stepped up basis,etc. Age of property for depreciation an profitability would matter.

[Matthew Hague @matthague1]

Looking over a RI tax return and discover they put emoji's on it...

[Matthew Hague @matthague1]

@choffstein @EconomPic @Ritholtz You know this is CrimeStacking™

[Matthew Hague @matthague1]

@choffstein I(A) seems related to the benefits of transferring property (S351) = tax treatment of assets moving into the fund. I(B) is for benefits of money out of the fund.

Add together = placing certain assets in with advantage and later taking out with another advantage.

[Matthew Hague @matthague1]

@choffstein I was thinking it was the RIC status in part B?

[Matthew Hague @matthague1]

@philbak1 Yep.

[Matthew Hague @matthague1]

@IDFinancial Hi - Isaiah

Happy to hear from you, please drop me a line every 18 months or so to keep me updated on your journey

Cheers
Matt

[Matthew Hague @matthague1]

@MarkTMeredith Bet a lot of people are going to be confused and assume that the income is $100K.

[Matthew Hague @matthague1]

@brianportnoy @TwinAnchorsBBQ That's a good looking branzino right there

[Matthew Hague @matthague1]

@SMTuffy @AdviserCounsel @LizSimmie Tax deductible management fees is helpful too.

[Matthew Hague @matthague1]

@choffstein Maybe they should borrow $300B and double down on the assets if they are at a fire sale price?

[Matthew Hague @matthague1]

@AdviserCounsel @BillWinterberg How about only transferring to the client bank on file, and then having the wire move from there as a method of 2FA?

[Matthew Hague @matthague1]

@MarkTMeredith Does an individual Ameriprise advisor have the ability to pick and choose like that? I don't know what they get up to but figured them more of a sales to the relationship person than an allocator.

[Matthew Hague @matthague1]

@KrisAbdelmessih @grizzledtrader There are some nuances with regard to whether it is a qualified covered call or not (the 'month' part may factor in). Assuming it is, then tax treatment would be $100K LTCG and $50K LTCL (I believe the holding period changes, else there is an advantage play here).

[Matthew Hague @matthague1]

@KrisAbdelmessih @grizzledtrader Sorry - not enough coffee...might be daft question: how can you lose $50K on a covered call?

You always make a gain (premium) on selling the call. You'd only make a loss if you bought it back at a higher premium, but then you would have called away the shares.

[Matthew Hague @matthague1]

@grizzledtrader @KrisAbdelmessih To the question, you can net these out but only when the risk is removed. IE you can't start claiming losses against gains until you have closed out both positions.

[Matthew Hague @matthague1]

@grizzledtrader @KrisAbdelmessih I think he was asking about something different.

In the question there is a connection between the positions, so you have wash sale concepts. The question was whether a derivative would circumvent that.

It doesn't, due to the 'Straddle Rule'.