mlktwins
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Posts posted by mlktwins
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Still cross-stitching here. Both boys are home from school (so happy to have them home) and my dad is on home hospice, but trying to get some stitching done when I can. It relaxes me 😊.
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21 minutes ago, Katy said:
Gently, no reputable assisted living will take an elderly person who’s fallen repeatedly in the last few days. She needs to be in a licensed nursing home in a wheelchair with alarms on her so if she gets up an aide will come running.
They won’t use bed rails or anything either. This is why I have 24/7 caregiving in my dad’s apartment.
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Looking at top load washers only. Currently have a Whirlpool Cabrio (2nd one) and not getting another one of those. Maytag owned by the same people so no to those also. Not wanting a Samsung so looking at LG. Next step is Speed Queen, but not wanting to spend that much at the moment.
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I have scanned most of my boys’ stuff that was hardcopy. I have digital organized on my PC. I have high school stuff in 3 boxes tucked away and will get rid of it when they graduate college 😬😆!
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8 minutes ago, Elizabeth86 said:
Thanks. He vomited about 4 times, but he is still asleep and not up for the day, so I’m not sure how he is feeling. He didn’t have a wet diaper during the night.
If it has been 8 hours without a wet diaper, I would go for sure.
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I changed the title! Let's keep it going 🎉. I haven't posted much lately, too much going on, but I will update after I get DS1 home next Thursday!!!
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6 hours ago, ScoutTN said:
By noon today, Dd’s freshman year will be done. I go to help her move her stuff back home tomorrow.
It has been good to walk through these last two years with y’all. Maybe @mlktwins will change the thread title and we can continue the conversation as our current freshmen become sophomores?
Just got home with DS2. He is so happy to be home for a few months. Will update the title this evening :-).
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4 minutes ago, Tenaj said:
We live in totality but I just realized that I probably should get my elderly aunt to my house because her helper leaves at 2 and eclipse happens after that and I'm afraid she'll go outside without the glasses so I probably need to supervise her but she lives in the other side of town and it will probably be a mess getting her back home. And basically I don't want to deal with it - just want to enjoy eclipse day with my kids as dh will be out of town on business.
I get it as I care for my elderly father. Can you see if the helper can stay later that day with pay (of course) or a little extra bonus? Might be worth it for you not to have to get her and take her home.
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5 hours ago, Amethyst said:
Interesting. Do you have an account at any of those banks? I would think a bank would only provide the service for an account holder.
My dad has accounts at 5-6 banks/credit union accounts (long time member). Even though several of them used to do it, only one of them now redeems bonds. It is not so common here anymore and we live in No. VA near DC.
My husband had to send in some Series HH bonds for redemption. My dad could have redeemed his Series EE bonds at his credit union if he were able to get there and sign them.
I have just a few of my own Series I bonds that I think I might just move into a Treasury Direct Account. Same with my boys. They don't mature until sometime in the 2030's.
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On 3/30/2024 at 11:54 AM, Amethyst said:
This is interesting to me. I’ve had many many bonds over the years. I just redeemed our very last one a few months ago. I’ve always just gone to the bank. No problem. So, I’m over here shaking my head about all the people who don’t redeem them when they mature. But now I understand a little better…if my bank didn’t do it, I wouldn’t know how to redeem them either!
There is now only one bank/credit union in my area that will redeem savings bonds. If I could get my dad to one of his credit unions, they would do it, but they will not let me do it as POA and secondary trustee. I have to mail them all in - PITA. You mail them into Treasury Direct.
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2 minutes ago, TexasProud said:
Ok then you shouldn't have to report it until you redeem them then.
Not really the case. I posted IRS Pub 550 above.
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21 minutes ago, TexasProud said:
Ok I found this:
https://www.treasurydirect.gov/savings-bonds/tax-information-ee-i-bonds/
It is still somewhat confusing because if you have paper, then it looks like whoever has them, should send the 1099 to you.... But it also kind of looks like if you waited until you get paid. Well, technically, I don't get paid for them until I cash them and we haven't cashed them. Very confusing and we are pretty savvy, and I had no clue.
You won’t get a 1099 until you redeem them.
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31 minutes ago, Arcadia said:
Do you have an IRS office near you? We went twice to the one near us when IRS lost part of our tax form twice many years ago. We did a walk in but making an appointment might be better.
We do have one close by.
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https://www.irs.gov/pub/irs-pdf/p550.pdf
(Page 10) Reporting options for cash method taxpayers. If you use the cash method of reporting income, you can report the interest on Series EE, Series E, and Series I bonds in either of the following ways. 1. Method 1. Postpone reporting the interest until the earlier of the year you cash or dispose of the bonds or the year in which they mature. (However, see Savings bonds traded, later.) Note. Series EE bonds issued in 1993 matured in 2023. If you have used method 1, you generally must report the interest on these bonds on your 2023 return. 2. Method 2. Choose to report the increase in redemption value as interest each year. You must use the same method for all Series EE and Series I bonds you own. If you do not choose method 2 by reporting the increase in redemption value as interest each year, you must use method 1.
This says the earlier of the year you cash the bonds or the year in which they mature.
I am just going to do the amendments and be done with it. It was only 2020-2023 that are an issue for us and I can do 2023's correctly. I shouldn't have to amend state taxes since interest from savings bonds is exempt at the state level, but I will double check that too.
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Just now, Ting Tang said:
I'm confused. I have bonds that have matured but are not cashed in. So I have to do something with these? They've been locked away and out of sight...
I will let you know when I know for sure!
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2 minutes ago, Arcadia said:
I think OP’s problem is with IRS taxes and not with the cashing in. The IRS link Amethyst posted seems to say OP would not need to file amended tax returns for those bonds.
Yea, the concern is with the actual taxes. I am wondering if the IRS link posted is assuming the bond was redeemed before they matured. Many articles say to include as interest income in the year matured and to amend returns if that didn’t happen. But then what happens if I do that and then the 1099 shows that they were all redeemed in 2024. This is such a headache. I just want to do it correctly and be done with it at this point. It is a lot of bonds!
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2 hours ago, Amethyst said:
Are you sure? This seems to indicate otherwise.
In general, you must report the interest in income in the taxable year in which you redeemed the bonds to the extent you did not include the interest in income in a prior taxable year.
That is talking about if you redeemed the bonds. He has not redeemed matured bonds since 2020. You are to report the interest on matured bonds in the year they mature, even if you don’t redeem them during that year.
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If you or your parents have matured savings bonds that haven't been cashed in, please know you/they should have been including the interest on federal taxes in the year they matured - not the year they are actually cashed in. I wish I had know this in 2020, 2021, and 2022 for my dad's taxes. Was totally not on my radar. And he had quite a few that matured in 2022 that haven't been cashed in so that is 😬😔. I am doing that now with my POA and it is a pain because they have to be sent in and all kinds of fun stuff. Anyway, learn from my mistakes if y'all have any old savings bonds sitting somewhere. I made a ton of extra work (and big headaches) for myself.
Please don't quote as I will probably delete this in a few days.
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Yes, definitely check! Both of my son's schools do offer on-line options, but both have had all their classes in-person their first 2 semesters.
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Are you asking whether the trees will be green and lush in April? Or what in particular do you want to see? My son goes to school right there. If I don’t have an answer for you, there are a lot of local parents on the college FB page I can ask. I know it is beautiful in the fall when the leaves change.
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On 2/22/2024 at 8:02 AM, catz said:
My son was invited to Phi Beta Kappa on his campus last year. The legit ones had web pages linked on the university’s website and had active membership and an office on campus and had membership waivers for low income students. There were only like 3 on his campus that seemed legit and worthwhile and this was one of them. I believe you had to be in the top 5% and have certain academic thresholds to be invited and maybe involved on campus in some way.
I agree this is one of the more worthwhile ones. I believe this is usually offered to juniors/seniors?
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I take our expired meds to a CVS med drop off box. They are located near the pharmacy. They do have some rules so I would look at those, such as amounts of liquid meds allowed, before you go.
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My son has started receiving some emails for academic honor societies. We researched one of them and decided it wasn't worth it (NSCS). He went to an info session for Eta Sigma Phi today so we will see. I don't know anything about the particular one you are asking about though. I am new to all of this too.
I have told my guy to see what is involved/requirements of the chapter. I added that participation in the honor society is probably as/more important than just having it to note on a resume. I want him to look at clubs and honor societies related to his major and to see what else comes down the road for him as an upperclassman.
I also searched on his school's FB parent groups to see what was said about the particular honor societies he received emails from.
Deleted- thank you!
in The Chat Board
Posted
I did - I think like 7 - and all was fine. Did mine right before covid shutdown. Told me to come back in 10 years.