2017 Tax Return (Almost) Complete

irs_logo.pngWe have received all but one tax form from our various sources of income. The last of the 1099’s to arrive (as usual) was the one from the Social Security Administration, the SSA 1099. We had an additional set of 1099 forms this year due to our pension administrators decision to switch financial providers during 2017. Not a big deal, but two additional income sources to input into the tax program.

The last form (1099 B) which we have not yet received deals with investment income; we had a negative capital gain in 2017 when we sold mutual funds to acquire the new RV. I completed the inputs for this event into the tax program, but there are a couple of items I still do not have to finish up the input for the investments section. For that reason, I won’t be able to file the return until about the middle of February. The numbers won’t change, but the missing information is required by the IRS.

I mentioned on the other blog that we would be getting a refund this year. The final calculation shows that to be true. Damn, I hate lending the .gov interest-free money, especially given the amount of the over-payment in 2017. Given the new tax deal from Trump and the GOP, I will have to make some wild guesses as to how much “tuning up” our withholding needs. I am especially anxious to file the returns so we can get our money back ASAP.

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