src/fed2019/Form8995.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 { Form, Person, TaxReturn } from '../core';
   7 import { AccumulatorLine, ComputedLine, InputLine, UnsupportedLine } from '../core/Line';
   8 import { clampToZero } from '../core/Math';
   9
  10 import Form1040 from './Form1040';
  11 import Form1099DIV from './Form1099DIV';
  12 import ScheduleD from './ScheduleD';
  13
  14 export interface Form8995REITInput {
  15   qualifiedReitDividendCarryforward?: number;
  16 };
  17
  18 // Dividends from REITs get preferential tax treatment, but the form used to
  19 // calculate that differs based off taxable income amounts. But the QBI
  20 // computation for RETIs is the same. This just models the REIT portion.
  21 export default class Form8995REIT extends Form<Form8995REIT['lines']> {
  22   readonly name = '8995 REIT';
  23
  24   // This uses line numbers from 8995-A.
  25   readonly lines = {
  26     // 1-26 not supported
  27     '27': new UnsupportedLine('Total qualified business income component'),
  28     '28': new AccumulatorLine(Form1099DIV, '5', 'Qualified REIT dividends'),
  29     '29': new InputLine<Form8995REITInput>('qualifiedReitDividendCarryforward', undefined, 0),
  30     '30': new ComputedLine((tr): number => clampToZero(this.getValue(tr, '28') + this.getValue(tr, '29'))),
  31     '31': new ComputedLine((tr): number => this.getValue(tr, '30') * 0.20, 'REIT and PTP component'),
  32     '32': new ComputedLine((tr): number => this.getValue(tr, '27') + this.getValue(tr, '31'), 'QBI deduction before limitation'),
  33     '33': new ComputedLine((tr): number => {
  34       const f1040 = tr.getForm(Form1040);
  35       return f1040.getValue(tr, '8b') - f1040.getValue(tr, '9');
  36     }, 'Taxable income before deduction'),
  37     '34': new ComputedLine((tr): number => {
  38       const f1040 = tr.getForm(Form1040);
  39
  40       let value = f1040.getValue(tr, '3a');
  41
  42       const schedD = tr.findForm(ScheduleD);
  43       if (schedD) {
  44         value += Math.min(
  45           clampToZero(schedD.getValue(tr, '15')),
  46           clampToZero(schedD.getValue(tr, '16')));
  47       } else {
  48         value += f1040.getValue(tr, '6');
  49       }
  50
  51       return value;
  52     }, 'Net capital gain'),
  53     '35': new ComputedLine((tr): number => clampToZero(this.getValue(tr, '33') - this.getValue(tr, '34'))),
  54     '36': new ComputedLine((tr): number => this.getValue(tr, '35') * 0.20, 'Income limitation'),
  55     '37': new ComputedLine((tr): number => Math.min(this.getValue(tr, '32'), this.getValue(tr, '36'))),
  56     '38': new UnsupportedLine('DPAD under section 199A(g) allocated from an agricultural or horticultural cooperative'),
  57     '39': new ComputedLine((tr): number => this.getValue(tr, '37') + this.getValue(tr, '38')),
  58     '40': new ComputedLine((tr): number => Math.min(0, this.getValue(tr, '28') + this.getValue(tr, '29')), 'Total qualified REIT dividends and PTP loss carryforward.'),
  59   };
  60 };