src/fed2019/Form8995.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 Form1040, { FilingStatus } from './Form1040';
   9 import Form1099B from './Form1099B';
  10 import Form1099DIV from './Form1099DIV';
  11 import Form8949 from './Form8949';
  12 import Form8995REIT from './Form8995';
  13 import ScheduleD from './ScheduleD';
  14 import TaxReturn from './TaxReturn';
  15
  16 test('REIT QBI no Schedule D', () => {
  17   const p = Person.self('A');
  18   const tr = new TaxReturn();
  19   tr.addPerson(p);
  20   tr.addForm(new Form1040({ filingStatus: FilingStatus.Single }));
  21   tr.addForm(new Form1099DIV({
  22     payer: 'Brokerage',
  23     payee: p,
  24     ordinaryDividends: 50000,
  25     qualifiedDividends: 35000,
  26     totalCapitalGain: 7500,
  27     section199ADividends: 2220,
  28   }));
  29
  30   const f = new Form8995REIT();
  31   tr.addForm(f);
  32
  33   expect(f.getValue(tr, '28')).toBe(2220);
  34   expect(f.getValue(tr, '31')).toBe(444);
  35   expect(f.getValue(tr, '32')).toBe(444);
  36   expect(f.getValue(tr, '33')).toBe(50000 - 12200);
  37   expect(f.getValue(tr, '34')).toBe(35000);
  38   expect(f.getValue(tr, '39')).toBe(444);
  39   expect(f.getValue(tr, '40')).toBe(0);
  40   expect(tr.getForm(Form1040).getValue(tr, '10')).toBe(444);
  41 });
  42
  43 test('REIT QBI with Schedule D', () => {
  44   const p = Person.self('A');
  45   const tr = new TaxReturn();
  46   tr.addPerson(p);
  47   tr.addForm(new Form1040({ filingStatus: FilingStatus.Single }));
  48   tr.addForm(new Form1099DIV({
  49     payer: 'Brokerage',
  50     payee: p,
  51     ordinaryDividends: 50000,
  52     qualifiedDividends: 35000,
  53     totalCapitalGain: 7500,
  54     section199ADividends: 2220,
  55   }));
  56   tr.addForm(new Form1099B({
  57     payer: 'Brokerage2 ',
  58     payee: p,
  59     longTermBasisReported: [
  60       {
  61         description: '100 VTI',
  62         proceeds: 230000,
  63         costBasis: 221000,
  64       }
  65     ]
  66   }));
  67   tr.addForm(new Form8949);
  68   tr.addForm(new ScheduleD);
  69
  70   const f = new Form8995REIT();
  71   tr.addForm(f);
  72
  73   expect(f.getValue(tr, '28')).toBe(2220);
  74   expect(f.getValue(tr, '31')).toBe(444);
  75   expect(f.getValue(tr, '32')).toBe(444);
  76   expect(f.getValue(tr, '33')).toBe(50000 + 7500 + 9000 - 12200);
  77   expect(f.getValue(tr, '34')).toBe(35000 + 7500 + 9000);
  78   expect(f.getValue(tr, '39')).toBe(444);
  79   expect(f.getValue(tr, '40')).toBe(0);
  80   expect(tr.getForm(Form1040).getValue(tr, '10')).toBe(444);
  81 });