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     interestOnUsSavingsBondOrTreas: 30
  59   }));
  60   tr.addForm(new Form1099INT({
  61     payer: 'Bank 2',
  62     payee: p,
  63     interest: 3.50,
  64     taxExemptInterest: 95
  65   }));
  66
  67   const f1040 = new Form1040();
  68   tr.addForm(f1040);
  69
  70   expect(f1040.getValue(tr, '2a')).toBe(95);
  71   expect(f1040.getValue(tr, '2b')).toBe(133.5);
  72 });
  73
  74 test('dividend income', () => {
  75   const p = Person.self('A');
  76   const tr = new TaxReturn();
  77   tr.addPerson(p);
  78   const f1099div = new Form1099DIV({
  79     payer: 'Brokerage',
  80     payee: p,
  81     ordinaryDividends: 100,
  82     qualifiedDividends: 75,
  83     totalCapitalGain: 100
  84   });
  85   tr.addForm(f1099div);
  86   tr.addForm(f1099div);
  87
  88   const f1040 = new Form1040();
  89   tr.addForm(f1040);
  90
  91   expect(f1040.getValue(tr, '3a')).toBe(75 * 2);
  92   expect(f1040.getValue(tr, '3b')).toBe(200);
  93 });
  94
  95 test('tax-exempt interest', () => {
  96   const p = Person.self('A');
  97   const tr = new TaxReturn();
  98   tr.addPerson(p);
  99   tr.addForm(new Form1099DIV({
 100     payer: 'Brokerage',
 101     payee: p,
 102     exemptInterestDividends: 100,
 103   }));
 104   tr.addForm(new Form1099INT({
 105     payer: 'Bank',
 106     payee: p,
 107     interest: 0,
 108     taxExemptInterest: 50
 109   }));
 110
 111   const f1040 = new Form1040();
 112   tr.addForm(f1040);
 113
 114   expect(f1040.getValue(tr, '2a')).toBe(150);
 115 });
 116
 117 test('capital gain/loss', () => {
 118   const p = Person.self('A');
 119   const tr = new TaxReturn();
 120   tr.addPerson(p);
 121   tr.addForm(new Form1040({ filingStatus: FilingStatus.Single }));
 122   tr.addForm(new W2({
 123     employer: 'Money',
 124     employee: p,
 125     wages: 150000
 126   }));
 127   tr.addForm(new Form1099B({
 128     payer: 'Brokerage',
 129     payee: p,
 130     description: '10 FNDC',
 131     proceeds: 1000,
 132     costBasis: 800,
 133     gainType: GainType.LongTerm,
 134     basisReportedToIRS: true
 135   }));
 136   tr.addForm(new Form8949);
 137   tr.addForm(new ScheduleD());
 138   tr.addForm(new ScheduleDTaxWorksheet());
 139   tr.getForm(ScheduleD).getValue(tr, '21');
 140   tr.getForm(Form1040).getValue(tr, '12a');
 141 });
 142
 143 test('require Form8959', () => {
 144   const p = Person.self('A');
 145   const tr = new TaxReturn();
 146   tr.addPerson(p);
 147   tr.addForm(new W2({
 148     employer: 'Company',
 149     employee: p,
 150     wages: 400000,
 151   }));
 152   const f1040 = new Form1040({
 153     filingStatus: FilingStatus.MarriedFilingSeparate,
 154   });
 155   tr.addForm(f1040);
 156   tr.addForm(new Schedule2);
 157
 158   expect(() => f1040.getValue(tr, '15')).toThrow(NotFoundError);
 159   expect(() => f1040.getValue(tr, '15')).toThrow('Form8959');
 160   expect(f1040.getValue(tr, '1')).toBe(400000);
 161   expect(f1040.getValue(tr, '8b')).toBe(400000);
 162 });
 163
 164 test('backdoor and megabackdoor roth', () => {
 165   const p = Person.self('A');
 166   const tr = new TaxReturn();
 167   tr.addPerson(p);
 168   tr.addForm(new Form1099R({
 169     payer: 'Roth',
 170     payee: p,
 171     grossDistribution: 6000,
 172     taxableAmount: 6000,
 173     taxableAmountNotDetermined: true,
 174     totalDistribution: true,
 175     fedIncomeTax: 0,
 176     distributionCodes: [Box7Code._2],
 177     iraSepSimple: true
 178   }));
 179   tr.addForm(new Form1099R({
 180     payer: '401k',
 181     payee: p,
 182     grossDistribution: 27500,
 183     taxableAmount: 0,
 184     taxableAmountNotDetermined: false,
 185     totalDistribution: false,
 186     fedIncomeTax: 0,
 187     employeeContributionsOrDesignatedRothContributions: 27500,
 188     distributionCodes: [Box7Code.G],
 189     iraSepSimple: false
 190   }));
 191   tr.addForm(new Form8606({
 192     person: p,
 193     nondeductibleContributions: 6000,
 194     traditionalIraBasis: 0,
 195     distributionFromTradSepOrSimpleIraOrMadeRothConversion: true,
 196     contributionsMadeInCurrentYear: 0,
 197     distributionsFromAllTradSepSimpleIras: 0,
 198     valueOfAllTradSepSimpleIras: 0,
 199     amountConvertedFromTradSepSimpleToRoth: 6000
 200   }));
 201   const f = new Form1040();
 202   tr.addForm(f);
 203
 204   expect(f.getValue(tr, '4a')).toBe(6000);
 205   expect(f.getValue(tr, '4b')).toBe(0);
 206 });