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, { GainType } 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         description: '100 VTI',
  49         proceeds: 4000,
  50         costBasis: 3500,
  51         gainType: GainType.LongTerm,
  52         basisReportedToIRS: true
  53       }));
  54       tr.addForm(new Form8949);
  55       tr.addForm(new ScheduleD);
  56       tr.addForm(new W2({
  57         employer: 'Acme',
  58         employee: p,
  59         wages: 300000,
  60         fedIncomeTax: 0,
  61         medicareWages: 0,
  62         medicareTax: 0,
  63       }));
  64       tr.addForm(new Form8959);
  65       tr.addForm(new Schedule2);
  66
  67       const f = new Form8960();
  68       tr.addForm(f);
  69
  70       expect(f.getValue(tr, '1')).toBe(3000);
  71       expect(f.getValue(tr, '2')).toBe(2000);
  72       expect(f.getValue(tr, '5a')).toBe(555);
  73       expect(f.getValue(tr, '8')).toBe(5555);
  74       expect(f.getValue(tr, '11')).toBe(0);
  75       expect(f.getValue(tr, '12')).toBe(5555);
  76       expect(f.getValue(tr, '13')).toBe(305555);
  77       expect(f.getValue(tr, '14')).toBe(Form8960.filingStatusLimit(filingStatus));
  78       expect(f.getValue(tr, '15')).toBe(filingStatusToResult[filingStatus]);
  79       expect(f.getValue(tr, '16')).toBe(5555);
  80       expect(f.getValue(tr, '17')).toBe(5555 * 0.038);
  81
  82       expect(tr.getForm(Schedule2).getValue(tr, '8')).toBe(5555 * 0.038);
  83     });
  84   }
  85 });
  86
  87 describe('no net investment income tax', () => {
  88   for (const filingStatus of Object.values(FilingStatus)) {
  89     test(`filing status ${filingStatus}`, () => {
  90       const p = Person.self('A');
  91       const tr = new TaxReturn();
  92       tr.addPerson(p);
  93       tr.addForm(new Form1040({ filingStatus }));
  94       tr.addForm(new Form1099DIV({
  95         payer: 'Brokerage',
  96         payee: p,
  97         ordinaryDividends: 2000,
  98         qualifiedDividends: 1500,
  99         totalCapitalGain: 55
 100       }));
 101       tr.addForm(new Form1099INT({
 102         payer: 'Bank',
 103         payee: p,
 104         interest: 3000
 105       }));
 106       tr.addForm(new Form1099B({
 107         payer: 'Brokerage',
 108         payee: p,
 109         description: '100 VTI',
 110         proceeds: 4000,
 111         costBasis: 3500,
 112         gainType: GainType.LongTerm,
 113         basisReportedToIRS: true
 114       }));
 115       tr.addForm(new Form8949);
 116       tr.addForm(new ScheduleD);
 117       tr.addForm(new W2({
 118         employer: 'Acme',
 119         employee: p,
 120         wages: 70000,
 121         fedIncomeTax: 0,
 122         medicareWages: 0,
 123         medicareTax: 0,
 124       }));
 125       tr.addForm(new Form8959);
 126       tr.addForm(new Schedule2);
 127
 128       const f = new Form8960();
 129       tr.addForm(f);
 130
 131       expect(f.getValue(tr, '17')).toBe(0);
 132       expect(tr.getForm(Schedule2).getValue(tr, '8')).toBe(0);
 133     });
 134   }
 135 });