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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 12, 2000
Page
42
Reader asks about deducting Internet costs for investments and TODs. Answer confirms you may deduct a reasonable investment-use portion above 2 percent of AGI. Also explains TODs allow designated beneficiaries to avoid probate, with state regulation and broker availability. attorney not required. consider trusts.
The seven day average yield on money market mutual funds dipped to 6.00 percent in the week ended Tuesday from 6.01. The 30 day average rose to 6.00 percent from 5.99 percent. Seven day compounded yield fell to 6.18 percent from 6.20 while 30 day compounded yield climbed to 6.18 from 6.17. Portfolio average maturity stood at 51 days up from 50. Bankrate reports steady 2.11 percent for money market accounts. An Intelligent Life unit in North Palm Beach Florida shows checking account APY rising to 0.83 percent from 0.81. Six month CD APY increased to 5.31 percent from 5.30.
Providence resident Ken Valliere lost 265 dollars after bidding on a Olympus D460 Zoom Digital Camera in a Yahoo Auctions sale run by a seller calling himself Alex. The scam involved Western Union transfer to Ukraine with a fake Santa Fe listing. Fraud warnings appeared from other buyers and Western Union officials noted limits on prevention. Valliere laments the loss as a costly lesson in rising internet fraud.
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