src/fed2019/Form8960.test.ts

   1 // Copyright 2020 Blue Static <https://www.bluestatic.org>
   2 // This program is free software licensed under the GNU General Public License,
   3 // version 3.0. The full text of the license can be found in LICENSE.txt.
   4 // SPDX-License-Identifier: GPL-3.0-only
   5
   6 import { Person } from '../core';
   7
   8 import W2 from './W2';
   9 import Form1040, { FilingStatus } from './Form1040';
  10 import Form1099B from './Form1099B';
  11 import Form1099DIV from './Form1099DIV';
  12 import Form1099INT from './Form1099INT';
  13 import Form8949 from './Form8949';
  14 import Form8959 from './Form8959';
  15 import Form8960 from './Form8960';
  16 import Schedule2 from './Schedule2';
  17 import ScheduleD from './ScheduleD';
  18 import TaxReturn from './TaxReturn';
  19
  20 describe('net investment income tax', () => {
  21   const filingStatusToResult = {
  22     [FilingStatus.Single]: 105555,
  23     [FilingStatus.MarriedFilingJoint]: 55555,
  24     [FilingStatus.MarriedFilingSeparate]: 180555,
  25   };
  26
  27   for (const filingStatus of Object.values(FilingStatus)) {
  28     test(`filing status ${filingStatus}`, () => {
  29       const p = Person.self('A');
  30       const tr = new TaxReturn();
  31       tr.addPerson(p);
  32       tr.addForm(new Form1040({ filingStatus }));
  33       tr.addForm(new Form1099DIV({
  34         payer: 'Brokerage',
  35         payee: p,
  36         ordinaryDividends: 2000,
  37         qualifiedDividends: 1500,
  38         totalCapitalGain: 55
  39       }));
  40       tr.addForm(new Form1099INT({
  41         payer: 'Bank',
  42         payee: p,
  43         interest: 3000
  44       }));
  45       tr.addForm(new Form1099B({
  46         payer: 'Brokerage',
  47         payee: p,
  48         longTermBasisReported: [
  49           {
  50             description: '100 VTI',
  51             proceeds: 4000,
  52             costBasis: 3500,
  53           }
  54         ]
  55       }));
  56       tr.addForm(new Form8949);
  57       tr.addForm(new ScheduleD);
  58       tr.addForm(new W2({
  59         employer: 'Acme',
  60         employee: p,
  61         wages: 300000,
  62         fedIncomeTax: 0,
  63         medicareWages: 0,
  64         medicareTax: 0,
  65       }));
  66       tr.addForm(new Form8959);
  67       tr.addForm(new Schedule2);
  68
  69       const f = new Form8960();
  70       tr.addForm(f);
  71
  72       expect(f.getValue(tr, '1')).toBe(3000);
  73       expect(f.getValue(tr, '2')).toBe(2000);
  74       expect(f.getValue(tr, '5a')).toBe(555);
  75       expect(f.getValue(tr, '8')).toBe(5555);
  76       expect(f.getValue(tr, '11')).toBe(0);
  77       expect(f.getValue(tr, '12')).toBe(5555);
  78       expect(f.getValue(tr, '13')).toBe(305555);
  79       expect(f.getValue(tr, '14')).toBe(Form8960.filingStatusLimit(tr));
  80       expect(f.getValue(tr, '15')).toBe(filingStatusToResult[filingStatus]);
  81       expect(f.getValue(tr, '16')).toBe(5555);
  82       expect(f.getValue(tr, '17')).toBe(5555 * 0.038);
  83
  84       expect(tr.getForm(Schedule2).getValue(tr, '8')).toBe(5555 * 0.038);
  85     });
  86   }
  87 });
  88
  89 describe('no net investment income tax', () => {
  90   for (const filingStatus of Object.values(FilingStatus)) {
  91     test(`filing status ${filingStatus}`, () => {
  92       const p = Person.self('A');
  93       const tr = new TaxReturn();
  94       tr.addPerson(p);
  95       tr.addForm(new Form1040({ filingStatus }));
  96       tr.addForm(new Form1099DIV({
  97         payer: 'Brokerage',
  98         payee: p,
  99         ordinaryDividends: 2000,
 100         qualifiedDividends: 1500,
 101         totalCapitalGain: 55
 102       }));
 103       tr.addForm(new Form1099INT({
 104         payer: 'Bank',
 105         payee: p,
 106         interest: 3000
 107       }));
 108       tr.addForm(new Form1099B({
 109         payer: 'Brokerage',
 110         payee: p,
 111         longTermBasisReported: [
 112           {
 113             description: '100 VTI',
 114             proceeds: 4000,
 115             costBasis: 3500,
 116           }
 117         ]
 118       }));
 119       tr.addForm(new Form8949);
 120       tr.addForm(new ScheduleD);
 121       tr.addForm(new W2({
 122         employer: 'Acme',
 123         employee: p,
 124         wages: 70000,
 125         fedIncomeTax: 0,
 126         medicareWages: 0,
 127         medicareTax: 0,
 128       }));
 129       tr.addForm(new Form8959);
 130       tr.addForm(new Schedule2);
 131
 132       const f = new Form8960();
 133       tr.addForm(f);
 134
 135       expect(f.getValue(tr, '17')).toBe(0);
 136       expect(tr.getForm(Schedule2).getValue(tr, '8')).toBe(0);
 137     });
 138   }
 139 });