ftp.xmission.com/2014.06.ftp.xmission.com.tar/ftp.xmission.com/pub/lists/persfin/archive/v05.n135

Internet Message Format | 2000-04-10 | 5KB

From: [e-mail] (persfin-digest)
To: [e-mail]
Subject: persfin-digest V5 #135
Reply-To: persfin
Sender: [e-mail]
Errors-To: [e-mail]
Precedence: bulk
Content-Transfer-Encoding: quoted-printable
X-No-Archive: yes

persfin-digest         Tuesday, April 11 2000         Volume 05 : Number 135



In this issue of the Personal Finance Digest:

       [none]
       Re: Dependent care spending account

The messages posted to the Persfin-Digest are opinions and are not
intended to substitute for qualified professional advice.  Subscribers
should seek the services of qualified professionals for such advice.  The
publisher, Internet provider, and Digest contributors cannot be held
responsible for any loss incurred as a result of the application of any
of the information provided here.

To ask questions or provide answers, send your email to
"[e-mail]".  Also, you can "reply" to the
persfin-digest and your email tool should fill in the same address.
However, if you "reply", be sure to edit the subject field in your email
to reflect your topic.

Copyright (c) 1999, Jeff Salisbury

POSTED SUBSCRIPTION FEE:  $20/year.  Payment is optional.  You will not
be billed.  The Digest is available to all subscribers, whether or not
they pay.  I do not discriminate either in favor of paying subscribers
or against nonpaying subscribers.  If you feel that the information
presented here is worth the fee, and you feel comfortable paying it,
send cash, check, or money order (U.S. funds), payable to "Jeff Salisbury",
to:

       Jeff Salisbury
       65 North 1300 East
       Logan, Utah  84321

Payment will be acknowledged by e-mail if you include an e-mail address.
Subscribe: e-mail [e-mail], text: subscribe persfin-digest
Unsubscribe: e-mail [e-mail], text: unsubscribe persfin-digest

----------------------------------------------------------------------

Date: Sat, 25 Mar 2000 06:57:00 -0700
From: [e-mail]
Subject: [none]

(PST)
Reply-To: <[e-mail]>
From: "Alice Goodman" <[e-mail]>
To: <[e-mail]>
Subject: Transfer of assets
Date: Thu, 23 Mar 2000 22:24:18 -0800
Message-ID: <[e-mail]>
MIME-Version: 1.0
Content-Type: text/plain;
        charset="iso-8859-1"
Content-Transfer-Encoding: 7bit
X-Priority: 3 (Normal)
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook IMO, Build 9.0.2416 (9.0.2910.0)
Importance: Normal
In-Reply-To: <[e-mail]>
X-MimeOLE: Produced By Microsoft MimeOLE V5.00.2919.6600

I have a brokerage account with money in just my name.  I am not married to
my partner and we don't plan on it currently.  If I open a 2nd account, put
both our names on it, and then journal all the assets from the single owner
account to the joint owner account, will this be a taxable event for my
partner?   Would this take away from the $650,000 (I think) limit on Estate
Inheritance?  How would this be perceived?    IF there are Capital Gains at
the end of the year on this account, do we have to take them 50/50 or can
whoever would benefit most (or least) from them take all of them or none of
them.  Does it matter who sourced the original money (I did, or actually my
Mother did) in any of this?

Part II of this.. if I sell a Mutual Fund and buy another in a non-IRA, that
is considered a taxable event for Capital Gains, yes?   What if the funds
are in the same family such as Janus WW to Janus Equity, or something like
that.  Is there anyway to move between funds in non-IRA accounts and not
have the sale trigger Capital Gains?

Thanks in advance,

Alice

- -

------------------------------

Date: Tue, 11 Apr 2000 06:09:29 -0700
From: Ravi Sekhar <[e-mail]>
Subject: Re: Dependent care spending account

Hello everyone,

Both me and my wife had Dependent care spending accounts or DCSA (
allows putting away $$ pre-tax for child related expenses ) setup with
our employers for 1999. We contributed a total of about $6000 to these
accounts in total.

My questions are:

1) Is there a maximum per year limit to how much we can put away per
year ? I have read somewhere that it is $5000 ? Is this correct ?

2)  Can I do the following:

    a) My children's  actual child care expenses total over $7000 for
1999. Can I claim the expenses upto $6000 that I have already put into
the DCSA ?

    b) If the permitted amount is only $5000, can we show our total
wages ( married filing jointly ) as the dollar amounts shown in the
W-2s, plus the excess $1000 put away in the DCSA account.


Thanks

Ravi


- -

------------------------------

End of persfin-digest V5 #135
*****************************

-
To unsubscribe to persfin-digest, send an email to "[e-mail]"
with "unsubscribe persfin-digest" in the body of the message.
For information on digests or retrieving files and old messages send
"help" to the same address.  Do not use quotes in your message.