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09-06-25 pillz
Junk Bonds Are the New High Grade Bonds
https://www.bloomberg.com/news/articles/2025-09-06/junk-bonds-are-the-new-high-grade-credit-weekly?srnd=homepage-europe |
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09-06-25 pillz
| and without any cost, I find it unbelievable ... |
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09-06-25 pillz
Schpal,
this is an asking problem by IB, the 706-NA can take about 9 months to be done, but....:
US Situs: Please note that by regulation if at the date of death the value of the deceased account on U.S assets, where the issuer is a US entity or government, are more than 60 000 USD, then the heirs have obligations with the IRS.
Our compliance department requires the following:
a) If the deceased had more than this amount you will need to complete the form 706-NA and obtain a tax certificate from the IRS. See below:
I asket to chatGPT : our only asset from the US are short calls and puts option, we have not long securities in the US, the only long securities at 30 June 2025 where from Belgium and Europe...
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the answer was:
That’s a very important clarification ✅
The IRS estate tax rules only apply to U.S.-situs assets at the date of death. These typically include:
U.S. stocks, ETFs, bonds (issued by U.S. entities or the U.S. government)
Certain U.S. real estate interests
Cash held with a U.S. broker (depending on circumstances)
👉 Options (short calls/puts) are generally considered contracts, not assets for estate purposes.
If they expire worthless or are covered by non-U.S. collateral (e.g. Belgian shares), they may not count as taxable U.S. situs property.
The IRS is concerned with long U.S. securities positions, not short derivative liabilities.
So if at 30 June 2025 your wife’s IBKR account contained:
❌ No U.S. shares, ETFs, bonds
✅ Only Belgian (non-U.S.) long positions
✅ U.S. short options (liabilities, not assets)
… then her estate might not have over $60,000 in U.S. situs assets after all.
What this means for you
If IBKR confirms there were no U.S. long securities (only short options and Belgian securities), you do not need to file Form 706-NA.
Instead, you can provide IBKR with the heir’s letter (the simple confirmation that the estate had less than $60,000 in U.S. situs assets).
That would save you months of IRS paperwork.
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and then they make me a email to answer IB:
Interactive Brokers Estate Processing Team
IBKR Financial Services AG
Gubelstrasse 28
CH-6300 Zug
Switzerland
Subject: Estate of xxxxxx – Account No. xxxxxxx
Dear Estate Processing Team,
I, [Your Full Name], am the sole heir of the estate of xxxxxxx, who passed away on 30 June 2025.
In accordance with your request, I confirm the following:
On the date of death, the account held no U.S. long securities (shares, bonds, ETFs, or other U.S. financial instruments).
The only positions linked to U.S. markets were short call and put options, which do not constitute long U.S. situs assets.
All long securities at the date of death were Belgian or other non-U.S. securities.
Therefore, the value of U.S. situs assets in the account at the date of death was less than USD 60,000.
As a result, the estate has no U.S. estate tax obligation and no filing requirement for IRS Form 706-NA.
I kindly ask you to proceed with the estate settlement based on this confirmation.
Please do not hesitate to contact me at [your email / phone] if further clarification is required.
With sincere regards
//
to do it without chatGPT, I would have to consult a lawyer , and it would take weeks before I have the response, the chatGPT gave me in one second ;-))
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09-06-25 savo
Trump's strongest US economy ever:
Ahead of today's jobs report, consensus was that a print between 40K and 100K is largely priced in and greenlighting a 25bps rate cut by the Fed in two weeks, and that we would need a real outlier number for the Fed to either cut 50bps... or not hike. Well, we got a real outlier when moments ago the BLS reported that in August the US added only 22K jobs, a big drop from the upward revised 79K (from 73K previously) but more importantly June was revised from 27K to -13K, ushering in the first negative jobs print since 2020.
As usual.. revisions are downwards... this time June ..went negative. Unseen since covid.
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09-06-25 leopardo
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09-06-25 leopardo
Have some OpenAI stocks from a club deal proposed by my bank
Home the best for the years to come
Bought at 300bio valuation
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09-06-25 spal
this chatGPT is something very smart
===
Yes decent on facts, but when pushed on value judgements it is normative (biased). The quality of the response depends greatly on the framing of the question.
Grok (as mentioned by Vic) is far less politically correct if making a judgement is your goal (as distinct from factual research).
There are grades of service with the more advanced models limiting use to free users.
My current work around is to carefully frame detailed questions to Grok 4 (that limits free "deep thinking" to 2 trials per 2 hours). If insufficient I'll take the response and further questions to the free models of Perplexity, ChatGPT etc.
I find the speed and scope currently very good and very useful for all kinds of research.
Note that they are recording (storing and sharing) all usage so be cautious and obviously careful with personal disclosures.
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09-06-25 panasonic
| ...at least he skipped the Ecopetrol going bankrupt gaffe. |
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09-06-25 panasonic
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09-06-25 carib
| Petro's position is understandable, given he is president of the main drug producing and exporting country, as far as I know. |
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09-06-25 carib
| SAvo: the US is not "planning an invasion" at this time. Simple explanation? |
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09-06-25 savo
Gustavo Petro
@petrogustavo
Dije que era un asesinato y es un asesinato en cualquier parte del mundo.
Si al gobierno de EEUU no le importa la ONU y el derecho internacional, a mí, sí.
La colaboración del gobierno colombiano en la lucha antinarcotraficante es profunda, a fondo, sin doble moral de mi parte, pero se supedita al derecho internacional.
El gobierno de EEUU si respeta el derecho internacional tiene todo mi apoyo, pero si lo rompe, toca rehacer nuestra colaboración.
En mi gobierno, Colombia no colabora con asesinatos. En mi gobierno se hace uso proporcional de la fuerza, como enseñan décadas de sabiduría humana en tratados aprobados mundialmente y que son parte de nuestra Constitución. |
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09-06-25 savo
Is this a provocation? If the US is planning an invasion...why didn't they respond immediately?:
For the second time in two days, Venezuela has flown military aircraft in the vicinity of the USS Jason Dunham in international waters near South America, multiple Defense Department officials confirmed to CBS News Friday, describing the action as turning into a "game of chicken."
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"I would say they're going to be in trouble," President Trump had told reporters Friday in response to a question of what could happen if Venezuela were to fly jets over U.S. Navy vessels again.
"If they fly in a dangerous position, I would say that…you or your captains can make the decision as to what they want to do," Mr. Trump said while addressing Defense Secretary Pete Hegseth and Gen. Dan Caine, chairman of the Joint Chiefs of Staff.
https://www.cbsnews.com/news/venezuela-flies-military-aircraft-near-u-s-navy-ship-for-second-time-uss-jason-dunham/
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09-06-25 savo
GDX and J up almost 100% YTD
Newmont beating PLTR YTD
Trump and his neocon band doing a great job destroying the dollar. |
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09-06-25 victor
the more competition among these ai platforms, the better they get, and the more they threaten millions of jobs.
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09-06-25 victor
| pill, grok is also free or paid, so there is competition. |
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09-06-25 pillz
| this chatGPT is something very smart, it answer all complex questions in one second , I don't understand that they do it without asking a fee .... |
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