src/fed2019/Form1040.test.ts

   1 import Person from '../Person';
   2 import TaxReturn from '../TaxReturn';
   3 import { NotFoundError } from '../Errors';
   4
   5 import Form1040, { FilingStatus } from './Form1040';
   6 import Form1099DIV from './Form1099DIV';
   7 import Form1099INT from './Form1099INT';
   8 import Form1099B, { GainType } from './Form1099B';
   9 import Form1099R, { Box7Code } from './Form1099R';
  10 import Schedule2 from './Schedule2';
  11 import ScheduleD, { ScheduleDTaxWorksheet } from './ScheduleD';
  12 import Form8606 from './Form8606';
  13 import Form8959 from './Form8959';
  14 import Form8949 from './Form8949';
  15 import FormW2 from './FormW2';
  16
  17 test('w2 wages', () => {
  18   const pa = Person.self('A');
  19   const pb = Person.spouse('B');
  20   const tr = new TaxReturn(2019);
  21   tr.addForm(new FormW2({
  22     employer: 'AA',
  23     employee: pa,
  24     wages: 130000.00,
  25     fedIncomeTax: 0,
  26     medicareWages: 0,
  27   }));
  28   tr.addForm(new FormW2({
  29     employer: 'BB',
  30     employee: pb,
  31     wages: 36.32,
  32     fedIncomeTax: 0,
  33     medicareWages: 0,
  34   }));
  35   const f1040 = new Form1040({ filingStatus: FilingStatus.MarriedFilingJoint });
  36   tr.addForm(f1040);
  37   tr.addForm(new Schedule2);
  38   expect(f1040.getValue(tr, '1')).toBe(130036.32);
  39   f1040.getValue(tr, '23');
  40 });
  41
  42 test('interest income', () => {
  43   const p = Person.self('A');
  44   const tr = new TaxReturn(2019);
  45   tr.addForm(new Form1099INT({
  46     payer: 'Bank',
  47     payee: p,
  48     interest: 100,
  49     taxExemptInterest: 0
  50   }));
  51   tr.addForm(new Form1099INT({
  52     payer: 'Bank 2',
  53     payee: p,
  54     interest: 3.50,
  55     taxExemptInterest: 95
  56   }));
  57
  58   const f1040 = new Form1040();
  59   tr.addForm(f1040);
  60
  61   expect(f1040.getValue(tr, '2a')).toBe(95);
  62   expect(f1040.getValue(tr, '2b')).toBe(103.5);
  63 });
  64
  65 test('dividend income', () => {
  66   const p = Person.self('A');
  67   const tr = new TaxReturn(2019);
  68   const f1099div = new Form1099DIV({
  69     payer: 'Brokerage',
  70     payee: p,
  71     ordinaryDividends: 100,
  72     qualifiedDividends: 75,
  73     totalCapitalGain: 100
  74   });
  75   tr.addForm(f1099div);
  76   tr.addForm(f1099div);
  77
  78   const f1040 = new Form1040();
  79   tr.addForm(f1040);
  80
  81   expect(f1040.getValue(tr, '3a')).toBe(75 * 2);
  82   expect(f1040.getValue(tr, '3b')).toBe(200);
  83 });
  84
  85 test('capital gain/loss', () => {
  86   const p = Person.self('A');
  87   const tr = new TaxReturn(2019);
  88   tr.addForm(new Form1040({ filingStatus: FilingStatus.Single }));
  89   tr.addForm(new FormW2({
  90     employer: 'Money',
  91     employee: p,
  92     wages: 150000
  93   }));
  94   tr.addForm(new Form1099B({
  95     payer: 'Brokerage',
  96     payee: p,
  97     description: '10 FNDC',
  98     proceeds: 1000,
  99     costBasis: 800,
 100     gainType: GainType.LongTerm,
 101     basisReportedToIRS: true
 102   }));
 103   tr.addForm(new Form8949);
 104   tr.addForm(new ScheduleD());
 105   tr.addForm(new ScheduleDTaxWorksheet());
 106   tr.getForm(ScheduleD).getValue(tr, '21');
 107   tr.getForm(Form1040).getValue(tr, '12a');
 108 });
 109
 110 test('require Form8959', () => {
 111   const p = Person.self('A');
 112   const tr = new TaxReturn(2019);
 113   tr.addForm(new FormW2({
 114     employer: 'Company',
 115     employee: p,
 116     wages: 400000,
 117   }));
 118   const f1040 = new Form1040({
 119     filingStatus: FilingStatus.MarriedFilingSeparate,
 120   });
 121   tr.addForm(f1040);
 122   tr.addForm(new Schedule2);
 123
 124   expect(() => f1040.getValue(tr, '15')).toThrow(NotFoundError);
 125   expect(() => f1040.getValue(tr, '15')).toThrow('Form8959');
 126   expect(f1040.getValue(tr, '1')).toBe(400000);
 127   expect(f1040.getValue(tr, '8b')).toBe(400000);
 128 });
 129
 130 test('backdoor and megabackdoor roth', () => {
 131   const p = Person.self('A');
 132   const tr = new TaxReturn(2019);
 133   tr.addForm(new Form1099R({
 134     payer: 'Roth',
 135     payee: p,
 136     grossDistribution: 6000,
 137     taxableAmount: 6000,
 138     taxableAmountNotDetermined: true,
 139     totalDistribution: true,
 140     fedIncomeTax: 0,
 141     distributionCodes: [Box7Code._2],
 142     iraSepSimple: true
 143   }));
 144   tr.addForm(new Form1099R({
 145     payer: '401k',
 146     payee: p,
 147     grossDistribution: 27500,
 148     taxableAmount: 0,
 149     taxableAmountNotDetermined: false,
 150     totalDistribution: false,
 151     fedIncomeTax: 0,
 152     employeeContributionsOrDesignatedRothContributions: 27500,
 153     distributionCodes: [Box7Code.G],
 154     iraSepSimple: false
 155   }));
 156   tr.addForm(new Form8606({
 157     person: p,
 158     nondeductibleContributions: 6000,
 159     traditionalIraBasis: 0,
 160     distributionFromTradSepOrSimpleIraOrMadeRothConversion: true,
 161     contributionsMadeInCurrentYear: 0,
 162     distributionsFromAllTradSepSimpleIras: 0,
 163     valueOfAllTradSepSimpleIras: 0,
 164     amountConvertedFromTradSepSimpleToRoth: 6000
 165   }));
 166   const f = new Form1040();
 167   tr.addForm(f);
 168
 169   expect(f.getValue(tr, '4a')).toBe(6000);
 170   expect(f.getValue(tr, '4b')).toBe(0);
 171 });