Can confirm - I moved over to Turbo Tax, entered the exact same information, and they’re accepting it just fine. 🤷🏼‍♀️

Reporting interest income is one of the easiest parts of filing a tax return after basic wage income, and I relish the idea that HR Block is charging people money to complicate the process.

It must have at least the state ID, it gives me a big red error when I try to move on without that one lol. I think I’m moving to Turbo Tax.

Thank you!

Thank you, I appreciate the advice!

Unfortunately I cant

Unfortunately I can’t

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It is somewhat. Getting a HELOC isn't very hard.

Call and ask for a payment arrangement. Don't give the backstory, no need. Keep it short and sweet. They definitely want their money so shouldn't be an issue!

When you enter a 1099-INT, the only info you need to include is the payer's name (typically the name of your bank) and the amount of interest they paid you (and any other values that are $ amounts if it's not a 1099-INT from a bank). You typically don't need to include federal or state ID numbers.

Don’t use HR Block. Worst “tax” service ever

thank you

Go to OLT.com, fill in your info, free Fed $9.95 state, most importantly, FREE support.

I put in dfas headquarters in Illinois as that's where our pay stubs are cut from

One thing I’ll throw out there, not saying you didn’t or won’t do it, is that it’s only the right mathematical choice to take the financing if one actually puts the money that was to be used as a down payment into the investment. This means NOT spending it on something else.

Portfolio A is ideal for older clients. Keep in mind that in the 5-year timeline, you'll see less returns compared to Portfolio B.

Depends a lot on who you marry. I married someone who makes about the same as me, and we got effed on taxes. The marginal tax brackets for married people aren’t double the single brackets. We owed 8k the first year. We did just have a kid so we’ll see how much that helps.

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Definitely. I didn’t take into account “inflation” as part of the math. I just figured that technically there was a bit of arbitrage between the car loan and the treasury and that influenced my decision.

Also, to get ahead of poor cash management, I made a 1:1 investment for the price of the car in t-bills. I figured that was a good, conservative guarantee of growth against the note.

Got it. Thank you for your time.

Thank you for your help.

Perfect. Thank you.

Understood. Thank you very much. This helps a lot.

> Then, I figured since inflation was at 4-5% (if not more) that 2% interest was essentially free money if I managed the extra cash well.

Inflation is never the right metric to use. You want to compare two things:

• Risk-adjusted or risk-free rate of return elsewhere. If you can get 4% with your money somewhere else and are financing 2%, you can (mathematically) come out ahead. This only applies if you have the liquidity to invest, though.

• Probability of self-discipline working in your favor. For a lot of people, "Invest" turns into "Buy better Starbucks once a week."

Inflation doesn't matter. If you can't actually get returns on your money and if your earning power isn't going up, then you shouldn't be financing. As an example, if you can finance at 6%, inflation is 8%, and your medium-term investments are returning 4%, should you finance? The answer is no - you'll end up paying more in interest than your investments are returning.