src/fed2019/Form8960.test.ts

   1 import { Person } from '../core';
   2
   3 import W2 from './W2';
   4 import Form1040, { FilingStatus } from './Form1040';
   5 import Form1099B, { GainType } from './Form1099B';
   6 import Form1099DIV from './Form1099DIV';
   7 import Form1099INT from './Form1099INT';
   8 import Form8949 from './Form8949';
   9 import Form8959 from './Form8959';
  10 import Form8960 from './Form8960';
  11 import Schedule2 from './Schedule2';
  12 import ScheduleD from './ScheduleD';
  13 import TaxReturn from './TaxReturn';
  14
  15 describe('net investment income tax', () => {
  16   const filingStatusToResult = {
  17     [FilingStatus.Single]: 105555,
  18     [FilingStatus.MarriedFilingJoint]: 55555,
  19     [FilingStatus.MarriedFilingSeparate]: 180555,
  20   };
  21
  22   for (const filingStatus of Object.values(FilingStatus)) {
  23     test(`filing status ${filingStatus}`, () => {
  24       const p = Person.self('A');
  25       const tr = new TaxReturn();
  26       tr.addPerson(p);
  27       tr.addForm(new Form1040({ filingStatus }));
  28       tr.addForm(new Form1099DIV({
  29         payer: 'Brokerage',
  30         payee: p,
  31         ordinaryDividends: 2000,
  32         qualifiedDividends: 1500,
  33         totalCapitalGain: 55
  34       }));
  35       tr.addForm(new Form1099INT({
  36         payer: 'Bank',
  37         payee: p,
  38         interest: 3000
  39       }));
  40       tr.addForm(new Form1099B({
  41         payer: 'Brokerage',
  42         payee: p,
  43         description: '100 VTI',
  44         proceeds: 4000,
  45         costBasis: 3500,
  46         gainType: GainType.LongTerm,
  47         basisReportedToIRS: true
  48       }));
  49       tr.addForm(new Form8949);
  50       tr.addForm(new ScheduleD);
  51       tr.addForm(new W2({
  52         employer: 'Acme',
  53         employee: p,
  54         wages: 300000,
  55         fedIncomeTax: 0,
  56         medicareWages: 0,
  57         medicareTax: 0,
  58       }));
  59       tr.addForm(new Form8959);
  60       tr.addForm(new Schedule2);
  61
  62       const f = new Form8960();
  63       tr.addForm(f);
  64
  65       expect(f.getValue(tr, '1')).toBe(3000);
  66       expect(f.getValue(tr, '2')).toBe(2000);
  67       expect(f.getValue(tr, '5a')).toBe(555);
  68       expect(f.getValue(tr, '8')).toBe(5555);
  69       expect(f.getValue(tr, '11')).toBe(0);
  70       expect(f.getValue(tr, '12')).toBe(5555);
  71       expect(f.getValue(tr, '13')).toBe(305555);
  72       expect(f.getValue(tr, '14')).toBe(Form8960.filingStatusLimit(filingStatus));
  73       expect(f.getValue(tr, '15')).toBe(filingStatusToResult[filingStatus]);
  74       expect(f.getValue(tr, '16')).toBe(5555);
  75       expect(f.getValue(tr, '17')).toBe(5555 * 0.038);
  76
  77       expect(tr.getForm(Schedule2).getValue(tr, '8')).toBe(5555 * 0.038);
  78     });
  79   }
  80 });
  81
  82 describe('no net investment income tax', () => {
  83   for (const filingStatus of Object.values(FilingStatus)) {
  84     test(`filing status ${filingStatus}`, () => {
  85       const p = Person.self('A');
  86       const tr = new TaxReturn();
  87       tr.addPerson(p);
  88       tr.addForm(new Form1040({ filingStatus }));
  89       tr.addForm(new Form1099DIV({
  90         payer: 'Brokerage',
  91         payee: p,
  92         ordinaryDividends: 2000,
  93         qualifiedDividends: 1500,
  94         totalCapitalGain: 55
  95       }));
  96       tr.addForm(new Form1099INT({
  97         payer: 'Bank',
  98         payee: p,
  99         interest: 3000
 100       }));
 101       tr.addForm(new Form1099B({
 102         payer: 'Brokerage',
 103         payee: p,
 104         description: '100 VTI',
 105         proceeds: 4000,
 106         costBasis: 3500,
 107         gainType: GainType.LongTerm,
 108         basisReportedToIRS: true
 109       }));
 110       tr.addForm(new Form8949);
 111       tr.addForm(new ScheduleD);
 112       tr.addForm(new W2({
 113         employer: 'Acme',
 114         employee: p,
 115         wages: 70000,
 116         fedIncomeTax: 0,
 117         medicareWages: 0,
 118         medicareTax: 0,
 119       }));
 120       tr.addForm(new Form8959);
 121       tr.addForm(new Schedule2);
 122
 123       const f = new Form8960();
 124       tr.addForm(f);
 125
 126       expect(f.getValue(tr, '17')).toBe(0);
 127       expect(tr.getForm(Schedule2).getValue(tr, '8')).toBe(0);
 128     });
 129   }
 130 });