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