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General Motors Company Message Board

bunkferd 4 posts  |  Last Activity: Mar 12, 2016 3:46 PM Member since: Dec 7, 2005
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  • Reply to

    Rubicon losses question

    by yleokim Mar 4, 2016 5:12 PM
    bunkferd bunkferd Mar 12, 2016 3:46 PM Flag

    It may be that some businessmen wouldn't find it worthwhile to spend the time necessary to familiarize themselves with the tax law to file their own taxes. Most people aren't affected by the alternative minimum tax and I suspect that most of those who are affected can make their way through the process on their own. Some tax payers will need a specialist, a lawyer or an accountant with a good background in tax law.

  • Reply to

    Rubicon losses question

    by yleokim Mar 4, 2016 5:12 PM
    bunkferd bunkferd Mar 12, 2016 3:22 PM Flag

    That's right. Schedule D is only a collector document.

  • Reply to

    Rubicon losses question

    by yleokim Mar 4, 2016 5:12 PM
    bunkferd bunkferd Mar 12, 2016 6:51 AM Flag

    It has been a number of years since asset sales were listed on the Schedule D form. Form 8949 (Sales and disposition of capital assets) has been in use for five to six years. Totals from form 8949 are transferred to Schedule D and then to the 1040. It is all very easy and anyone who can read and
    write can do it himself without paying an accountant or tax consultant IMO.

  • Reply to

    Rubicon losses question

    by yleokim Mar 4, 2016 5:12 PM
    bunkferd bunkferd Mar 11, 2016 2:02 PM Flag

    I don't understand. Do you use a full service broker? If so, you can transfer your account to a deep discount broker: Scott, Fidelity or TD Ameritrade. It will cost you almost nothing and if you are going to buy and sell equities and have limited funds you shouldn't (IMO) be paying full service commissions. I don't know that you should or should not close out your adventure in Rubicon mining. Some on this board are certain that there is no future to Rubicon. Maybe they are correct. My crystal ball doesn't come in as good as some owned by others. When the p/m sector gets hot, there will be situations that are more worthless than Ruby score very impressive gains--huge gains. Good luck with your investing/speculating.

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