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Investments & Financial Planning

Does Asia have a stock exchange ?

Asked Thursday, December 29, 2011 by an anonymous user
Asian Stock Exchanges: Azerbaijan Baku Interbank Currency Exchange Baku Stock Exchange (BSE) Bangladesh Chittagong Stock Exchange (CSE) Dhaka Stock Exchange (DSE) China China Financial Futures Exchange (CFFEX) Dalian Commodity Exchange (DCE) Shanghai Futures Exchange (SHFE) Shanghai Steel Electronic Exchange Shanghai Stock Exchange (SSE) Shenzhen Stock Exchange Zhengzhou Commodity Exchange (ZSE) Hong Kong Chinese Gold & Silver Exchange Society (CGSE) Growth Enterprise Market Hong Kong Exchanges (HKEx) (holding company of Stock Exchange of Hong Kong, Hong Kong Futures Exchange and Hong Kong Securities Clearing Company) Indonesia Indonesia Stock Exchange (IDX) Jakarta Futures Exchange (JFX) Japan Central Japan Commodity Exchange (C-COM) (incorporates Osaka Mercantile Exchange) Kansai Commodities Exchange (KEX) (incorporates Fukuoka Futures Exchange) Fukuoka Stock Exchange Jasdaq Securities Exchange Nagoya Stock Exchange Osaka Securities Exchange (OSE) Sapporo Securities Exchange Tokyo Commodity Exchange (TOCOM) Tokyo Financial Exchange (TFX) (formerly Tokyo Financial Futures Exchange) Tokyo Grain Exchange (TGE) Tokyo Stock Exchange (TSE) Kazakhstan Kazakhstan Stock Exchange (KASE) Kyrgyzstan Kyrgyz Stock Exchange Malaysia Bursa Malaysia (formerly Kuala Lumpur Stock Exchange) Labuan International Financial Exchange (LFX) (offshore financial exchange) Maldives Maldives Stock Exchange Mongolia Mongolian Stock Exchange Nepal Nepal Stock Exchange (NEPSE) Pakistan Islamabad Stock Exchange (ISE) Karachi Stock Exchange (KSE) Lahore Stock Exchange (LSE) Singapore Singapore Commodity Exchange (SICOM) SGX - Singapore Exchange (Stock Exchange of Singapore and the Singapore International Monetary Exchange) South Korea Korea Exchange (KRX) (consolidates Korea Stock Exchange, KOSDAQ Market and the Korea Futures Exchange) Sri Lanka Colombo Stock Exchange (CSE) Taiwan GreTai Securities Market Taiwan Stock Exchange (TSEC) Taiwan Futures Exchange (TAIFEX) Thailand Agricultural Futures Exchange of Thailand (AFET) Stock Exchange of Thailand (SET) Uzbekistan Tashkent Republican Stock Exchange Uzbek Commodity Exchange
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Capital Gains & Losses

Cost basis of house received at divorce settlement

Asked Thursday, December 22, 2011 by an anonymous user
The transfer of the house to you that was "incident to a divorce" is treated as a tax-free exchange and not taxable.
The cost basis to you would be the original cost, plus improvements made over the years, not the possible appreciated fair market value as of the date of the divorce.
The current law allows an unmarried individual to exclude up to $250,000 ($500,000 married filing jointly)of gain realized on the sale of a residence.
Speak to your local CPA about the divorce settlement and tax strategies involved, that might benefit you.
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IRAs - Traditional

IRA -Divorce allocations

Asked Thursday, December 22, 2011 by an anonymous user
Whatever monies earned in that IRA during your marriage is considered a marital asset.
As a result, this means that if you get divorced your spouse will be entitled to 50% of the money.
You would also be entitled to 50% of your spouse's retirement money.
This is true even if you did not name your spouse as the beneficiary of the IRA.
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IRAs - Traditional

IRA Inherited Rollover

Asked Thursday, December 22, 2011 by an anonymous user
Only the spouse of the deceased can roll over an inherited IRA.
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Capital Gains & Losses

What is the tax consequence of receiving stock from my spouse as part of the divorce settlement?

Asked Thursday, December 22, 2011 by an anonymous user
Transfers of any property between spouses that are incident to a divorce are treated as tax-free exchanges, and as a result, it is not reportable or taxable.
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IRAs - Traditional

IRA - Divorce settlement taxability

Asked Thursday, December 22, 2011 by an anonymous user
As part of a divorce settlement decree or a legally separately decree of separate maintenance, the transfer of a traditional IRA to you is considered a tax-free transfer and not reportable or taxable.
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Keogh Plans

When is the deadline to set up a Keogh plan?

Asked Monday, November 14, 2011 by an anonymous user
To deduct contributions, the Keogh plan must be adopted by the last day of the year ( December 31, for calendar year entities). The funding of the contribution can be made up to the due date of the return for that year including extensions.
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Keogh Plans

What is a HR(10) Plan?

Asked Monday, November 14, 2011 by an anonymous user
HR(10) plans are Keogh plans.
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Keogh Plans

What is a Defined-Benefit Plan?

Asked Monday, November 14, 2011 by an anonymous user
A Defined-Benefit Plan is a type of Keogh plan. It is a employer-sponsored retirement plan where employee benefits are calculated based on a formula using factors such as salary history and duration of employment. Investment risk and portfolio management are entirely under the control of the company. There are also restrictions on when and how you can withdraw these funds without penalties.
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