src/fed2019/Form8960.test.ts

   1 import { Person, TaxReturn } 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
  14 describe('net investment income tax', () => {
  15   const filingStatusToResult = {
  16     [FilingStatus.Single]: 105555,
  17     [FilingStatus.MarriedFilingJoint]: 55555,
  18     [FilingStatus.MarriedFilingSeparate]: 180555,
  19   };
  20
  21   for (const filingStatus of Object.values(FilingStatus)) {
  22     test(`filing status ${filingStatus}`, () => {
  23       const p = Person.self('A');
  24       const tr = new TaxReturn(2019);
  25       tr.addForm(new Form1040({ filingStatus }));
  26       tr.addForm(new Form1099DIV({
  27         payer: 'Brokerage',
  28         payee: p,
  29         ordinaryDividends: 2000,
  30         qualifiedDividends: 1500,
  31         totalCapitalGain: 55
  32       }));
  33       tr.addForm(new Form1099INT({
  34         payer: 'Bank',
  35         payee: p,
  36         interest: 3000
  37       }));
  38       tr.addForm(new Form1099B({
  39         payer: 'Brokerage',
  40         payee: p,
  41         description: '100 VTI',
  42         proceeds: 4000,
  43         costBasis: 3500,
  44         gainType: GainType.LongTerm,
  45         basisReportedToIRS: true
  46       }));
  47       tr.addForm(new Form8949);
  48       tr.addForm(new ScheduleD);
  49       tr.addForm(new W2({
  50         employer: 'Acme',
  51         employee: p,
  52         wages: 300000,
  53         fedIncomeTax: 0,
  54         medicareWages: 0,
  55         medicareTax: 0,
  56       }));
  57       tr.addForm(new Form8959);
  58       tr.addForm(new Schedule2);
  59
  60       const f = new Form8960();
  61       tr.addForm(f);
  62
  63       expect(f.getValue(tr, '1')).toBe(3000);
  64       expect(f.getValue(tr, '2')).toBe(2000);
  65       expect(f.getValue(tr, '5a')).toBe(555);
  66       expect(f.getValue(tr, '8')).toBe(5555);
  67       expect(f.getValue(tr, '11')).toBe(0);
  68       expect(f.getValue(tr, '12')).toBe(5555);
  69       expect(f.getValue(tr, '13')).toBe(305555);
  70       expect(f.getValue(tr, '14')).toBe(Form8960.filingStatusLimit(filingStatus));
  71       expect(f.getValue(tr, '15')).toBe(filingStatusToResult[filingStatus]);
  72       expect(f.getValue(tr, '16')).toBe(5555);
  73       expect(f.getValue(tr, '17')).toBe(5555 * 0.038);
  74
  75       expect(tr.getForm(Schedule2).getValue(tr, '8')).toBe(5555 * 0.038);
  76     });
  77   }
  78 });
  79
  80 describe('no net investment income tax', () => {
  81   for (const filingStatus of Object.values(FilingStatus)) {
  82     test(`filing status ${filingStatus}`, () => {
  83       const p = Person.self('A');
  84       const tr = new TaxReturn(2019);
  85       tr.addForm(new Form1040({ filingStatus }));
  86       tr.addForm(new Form1099DIV({
  87         payer: 'Brokerage',
  88         payee: p,
  89         ordinaryDividends: 2000,
  90         qualifiedDividends: 1500,
  91         totalCapitalGain: 55
  92       }));
  93       tr.addForm(new Form1099INT({
  94         payer: 'Bank',
  95         payee: p,
  96         interest: 3000
  97       }));
  98       tr.addForm(new Form1099B({
  99         payer: 'Brokerage',
 100         payee: p,
 101         description: '100 VTI',
 102         proceeds: 4000,
 103         costBasis: 3500,
 104         gainType: GainType.LongTerm,
 105         basisReportedToIRS: true
 106       }));
 107       tr.addForm(new Form8949);
 108       tr.addForm(new ScheduleD);
 109       tr.addForm(new W2({
 110         employer: 'Acme',
 111         employee: p,
 112         wages: 70000,
 113         fedIncomeTax: 0,
 114         medicareWages: 0,
 115         medicareTax: 0,
 116       }));
 117       tr.addForm(new Form8959);
 118       tr.addForm(new Schedule2);
 119
 120       const f = new Form8960();
 121       tr.addForm(f);
 122
 123       expect(f.getValue(tr, '17')).toBe(0);
 124       expect(tr.getForm(Schedule2).getValue(tr, '8')).toBe(0);
 125     });
 126   }
 127 });