Re:TurboTax’s 20-Year Fight to Stop Americans from Filing Ta...
by symlinkk on Thursday October 17, 2019 @11:20AM
(#21282977)
Holy shit talk about a humble brag. You overpaid by $21k? You must be balling.
Re:TurboTax’s 20-Year Fight to Stop Americans from Filing Ta...
by 0xffff2 on Thursday October 17, 2019 @11:29AM
(#21283096)
At a 15% rate, that's only 140k in capital gains. Significant, but hardly "balling" if it's a one-time event.
Re:TurboTax’s 20-Year Fight to Stop Americans from Filing Ta...
by Sohcahtoa82 on Thursday October 17, 2019 @08:01PM
(#21287478)
USA minimum wage is $7.25/hr which is only $15K/year if you work full time, and we've got people that will refer to 140K and prepend it with "only".
Re:TurboTax’s 20-Year Fight to Stop Americans from Filing Ta...
by symlinkk on Thursday October 17, 2019 @01:50PM
(#21284566)
What world do you live in where $140k in gains on an investment is not a huge amount of money?
Yes they will. I don't know why you bother to make up a lie so easily disproved.
On September 9, 2019, I received a CP16 that stated
"We believe there are miscalculations on your 2018 Form 1040, which affect the following areas of your return:
- Tax Computation
We made changes to your return that correct these errors. As a result, your overpayment is $21,886.35.
Information was changed because of the following:
We changed the amount of tax reported on your tax return because the tax rates on Qualified Dividends and Capital Gains are generally lower than the standard rates. It appears your tax was not computed using these rates or the amount of tax was computed incorrectly. (211D)"