src/fed2019/Form8960.ts

   1 import { Form } from '../core';
   2 import { TaxReturn } from '../core';
   3 import { ComputedLine, ReferenceLine } from '../core/Line';
   4 import { clampToZero } from '../core/Math';
   5
   6 import Form1040, { FilingStatus } from './Form1040';
   7 import Schedule1 from './Schedule1';
   8
   9 export default class Form8960 extends Form<Form8960['_lines']> {
  10   readonly name = '8960';
  11
  12   protected readonly _lines = {
  13     // Part 1
  14     // Section 6013 elections not supported.
  15     '1': new ReferenceLine(Form1040, '2b', 'Taxable interest'),
  16     '2': new ReferenceLine(Form1040, '3b', 'Ordinary dividends'),
  17     // 3 not supported - Annuities
  18     // 4a not supported - Rental real estate, royalties, partnerships, S corporations, trusts, etc
  19     // 4b not supported - Adjustment for net income or loss derived in the ordinary course of a nonsection 1411 trade or business
  20     // 4c not supported - 4a+4b
  21     '5a': new ComputedLine((tr): number => {
  22       return (new ReferenceLine(Form1040, '6')).value(tr) +
  23              (new ReferenceLine(Schedule1, '4', undefined, 0)).value(tr);
  24     }, 'Net gain or loss'),
  25     // 5b not supported - Net gain or loss from disposition of property that is not subject to net investment income tax
  26     // 5c not supported - Adjustment from disposition of partnership interest or S corporation stock
  27     '5d': new ComputedLine((tr): number => {
  28       // Should include 5b-5c.
  29       return this.getValue(tr, '5a');
  30     }),
  31     // 6 not supported - Adjustments to investment income for certain CFCs and PFICs
  32     // 7 not supported - Other modifications to investment income
  33     '8': new ComputedLine((tr): number => {
  34       return this.getValue(tr, '1') +
  35              this.getValue(tr, '2') +
  36              /*this.getValue(tr, '3') +
  37              this.getValue(tr, '4c') +*/
  38              this.getValue(tr, '5d') /*+
  39              this.getValue(tr, '6') +
  40              this.getValue(tr, '7')*/;
  41     }),
  42
  43     // Part 2
  44     // 9a not supported - Investment interest expenses
  45     // 9b not supported - State, local, and foreign income tax
  46     // 9c not supported - Miscellaneous investment expenses
  47     // 9d not supported - 9a+9b+9c
  48     // 10 not supported - Additional modifications
  49     '11': new ComputedLine(() => 0, 'Total deductions and modifications'),  // Not supported - 9d+10.
  50
  51     // Part 3
  52     '12': new ComputedLine((tr): number => this.getValue(tr, '8') - this.getValue(tr, '11'), 'Net investment income'),
  53     '13': new ReferenceLine(Form1040, '8b', 'Modified adjusted gross income'),
  54     '14': new ComputedLine((tr): number => {
  55       return Form8960.filingStatusLimit(tr.getForm(Form1040).getInput('filingStatus'));
  56     }, 'Threshold'),
  57     '15': new ComputedLine((tr): number => clampToZero(this.getValue(tr, '13') - this.getValue(tr, '14'))),
  58     '16': new ComputedLine((tr): number => Math.min(this.getValue(tr, '12'), this.getValue(tr, '15'))),
  59     '17': new ComputedLine((tr): number => this.getValue(tr, '16') * 0.038, 'Net investment income tax'),
  60
  61     // 18 - 21 not supported (Estates and Trusts)
  62   };
  63
  64   static filingStatusLimit(filingStatus: FilingStatus): number {
  65     switch (filingStatus) {
  66       case FilingStatus.MarriedFilingJoint:    return 250000;
  67       case FilingStatus.MarriedFilingSeparate: return 125000;
  68       case FilingStatus.Single:                return 200000;
  69     }
  70   }
  71 };