src/fed2019/Form1040.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 import { NotFoundError } from '../core/Errors';
   8
   9 import Form1040, { FilingStatus } from './Form1040';
  10 import Form1099DIV from './Form1099DIV';
  11 import Form1099INT from './Form1099INT';
  12 import Form1099B, { GainType } from './Form1099B';
  13 import Form1099R, { Box7Code } from './Form1099R';
  14 import Schedule2 from './Schedule2';
  15 import ScheduleD, { ScheduleDTaxWorksheet } from './ScheduleD';
  16 import Form8606 from './Form8606';
  17 import Form8959 from './Form8959';
  18 import Form8949 from './Form8949';
  19 import TaxReturn from './TaxReturn';
  20 import W2 from './W2';
  21
  22 test('w2 wages', () => {
  23   const pa = Person.self('A');
  24   const pb = Person.spouse('B');
  25   const tr = new TaxReturn();
  26   tr.addPerson(pa);
  27   tr.addPerson(pb);
  28   tr.addForm(new W2({
  29     employer: 'AA',
  30     employee: pa,
  31     wages: 130000.00,
  32     fedIncomeTax: 0,
  33     medicareWages: 0,
  34   }));
  35   tr.addForm(new W2({
  36     employer: 'BB',
  37     employee: pb,
  38     wages: 36.32,
  39     fedIncomeTax: 0,
  40     medicareWages: 0,
  41   }));
  42   const f1040 = new Form1040({ filingStatus: FilingStatus.MarriedFilingJoint });
  43   tr.addForm(f1040);
  44   tr.addForm(new Schedule2);
  45   expect(f1040.getValue(tr, '1')).toBe(130036.32);
  46   f1040.getValue(tr, '23');
  47 });
  48
  49 test('interest income', () => {
  50   const p = Person.self('A');
  51   const tr = new TaxReturn();
  52   tr.addPerson(p);
  53   tr.addForm(new Form1099INT({
  54     payer: 'Bank',
  55     payee: p,
  56     interest: 100,
  57     taxExemptInterest: 0
  58   }));
  59   tr.addForm(new Form1099INT({
  60     payer: 'Bank 2',
  61     payee: p,
  62     interest: 3.50,
  63     taxExemptInterest: 95
  64   }));
  65
  66   const f1040 = new Form1040();
  67   tr.addForm(f1040);
  68
  69   expect(f1040.getValue(tr, '2a')).toBe(95);
  70   expect(f1040.getValue(tr, '2b')).toBe(103.5);
  71 });
  72
  73 test('dividend income', () => {
  74   const p = Person.self('A');
  75   const tr = new TaxReturn();
  76   tr.addPerson(p);
  77   const f1099div = new Form1099DIV({
  78     payer: 'Brokerage',
  79     payee: p,
  80     ordinaryDividends: 100,
  81     qualifiedDividends: 75,
  82     totalCapitalGain: 100
  83   });
  84   tr.addForm(f1099div);
  85   tr.addForm(f1099div);
  86
  87   const f1040 = new Form1040();
  88   tr.addForm(f1040);
  89
  90   expect(f1040.getValue(tr, '3a')).toBe(75 * 2);
  91   expect(f1040.getValue(tr, '3b')).toBe(200);
  92 });
  93
  94 test('tax-exempt interest', () => {
  95   const p = Person.self('A');
  96   const tr = new TaxReturn();
  97   tr.addPerson(p);
  98   tr.addForm(new Form1099DIV({
  99     payer: 'Brokerage',
 100     payee: p,
 101     exemptInterestDividends: 100,
 102   }));
 103   tr.addForm(new Form1099INT({
 104     payer: 'Bank',
 105     payee: p,
 106     interest: 0,
 107     taxExemptInterest: 50
 108   }));
 109
 110   const f1040 = new Form1040();
 111   tr.addForm(f1040);
 112
 113   expect(f1040.getValue(tr, '2a')).toBe(150);
 114 });
 115
 116 test('capital gain/loss', () => {
 117   const p = Person.self('A');
 118   const tr = new TaxReturn();
 119   tr.addPerson(p);
 120   tr.addForm(new Form1040({ filingStatus: FilingStatus.Single }));
 121   tr.addForm(new W2({
 122     employer: 'Money',
 123     employee: p,
 124     wages: 150000
 125   }));
 126   tr.addForm(new Form1099B({
 127     payer: 'Brokerage',
 128     payee: p,
 129     description: '10 FNDC',
 130     proceeds: 1000,
 131     costBasis: 800,
 132     gainType: GainType.LongTerm,
 133     basisReportedToIRS: true
 134   }));
 135   tr.addForm(new Form8949);
 136   tr.addForm(new ScheduleD());
 137   tr.addForm(new ScheduleDTaxWorksheet());
 138   tr.getForm(ScheduleD).getValue(tr, '21');
 139   tr.getForm(Form1040).getValue(tr, '12a');
 140 });
 141
 142 test('require Form8959', () => {
 143   const p = Person.self('A');
 144   const tr = new TaxReturn();
 145   tr.addPerson(p);
 146   tr.addForm(new W2({
 147     employer: 'Company',
 148     employee: p,
 149     wages: 400000,
 150   }));
 151   const f1040 = new Form1040({
 152     filingStatus: FilingStatus.MarriedFilingSeparate,
 153   });
 154   tr.addForm(f1040);
 155   tr.addForm(new Schedule2);
 156
 157   expect(() => f1040.getValue(tr, '15')).toThrow(NotFoundError);
 158   expect(() => f1040.getValue(tr, '15')).toThrow('Form8959');
 159   expect(f1040.getValue(tr, '1')).toBe(400000);
 160   expect(f1040.getValue(tr, '8b')).toBe(400000);
 161 });
 162
 163 test('backdoor and megabackdoor roth', () => {
 164   const p = Person.self('A');
 165   const tr = new TaxReturn();
 166   tr.addPerson(p);
 167   tr.addForm(new Form1099R({
 168     payer: 'Roth',
 169     payee: p,
 170     grossDistribution: 6000,
 171     taxableAmount: 6000,
 172     taxableAmountNotDetermined: true,
 173     totalDistribution: true,
 174     fedIncomeTax: 0,
 175     distributionCodes: [Box7Code._2],
 176     iraSepSimple: true
 177   }));
 178   tr.addForm(new Form1099R({
 179     payer: '401k',
 180     payee: p,
 181     grossDistribution: 27500,
 182     taxableAmount: 0,
 183     taxableAmountNotDetermined: false,
 184     totalDistribution: false,
 185     fedIncomeTax: 0,
 186     employeeContributionsOrDesignatedRothContributions: 27500,
 187     distributionCodes: [Box7Code.G],
 188     iraSepSimple: false
 189   }));
 190   tr.addForm(new Form8606({
 191     person: p,
 192     nondeductibleContributions: 6000,
 193     traditionalIraBasis: 0,
 194     distributionFromTradSepOrSimpleIraOrMadeRothConversion: true,
 195     contributionsMadeInCurrentYear: 0,
 196     distributionsFromAllTradSepSimpleIras: 0,
 197     valueOfAllTradSepSimpleIras: 0,
 198     amountConvertedFromTradSepSimpleToRoth: 6000
 199   }));
 200   const f = new Form1040();
 201   tr.addForm(f);
 202
 203   expect(f.getValue(tr, '4a')).toBe(6000);
 204   expect(f.getValue(tr, '4b')).toBe(0);
 205 });