Tax Returns E-Filed Today

irs_logo.pngEarlier than anticipated, the last important 1099 document became available today. I expected at least two more weeks before the investment consolidated 1099 would be available. But, since I reported being 99 percent complete on the 17th of this month, it was a mere few mouse clicks to validate the latest documented information and file the returns, both AZ and FED. The 2019 Tax Season is done except for a small refund from the IRS which (according to the IRS) will be e-deposited within a week or two.

For 2020, we will continue to track our expenses with the assumption that we may use itemized deductions rather than the standard deduction which was the case for the 2019 return. We may not ever file using itemization again, but we will track expenses as though we were going to. We will also continue with our contributions to charities that we see fit to support, particularly those that support Veterans, the Second Amendment, Christianity and Canine Rescue (among others not mentioned here).

Speaking of tracking expenses, I have been using Quicken for a long time. So long, in fact, that the file size of my records going back for the last twenty years has somehow exceeded the programs data storage capability. The symptom is that I get corrupted data when I start the program and have to load in a backup record to make it behave correctly. It is a bit tedious in that I have to make a backup of the data on a daily basis and restore the backup the next time I use the program. The gurus at Quicken say there isn’t a practical limit on record sizes, but I believe there is a declaration somewhere in their code that screws up my very lengthy financial data records.

As soon as I can get to it, I am going to start a new Quicken File with the first of this year as the starting date. It will be easy to update recent (January ‘20) data, since the program can download it directly from our financial institutions. I will keep the old file on hand since I find it handy to look back in the registers from time to time. There are a lot of important things logged into the old data which I would hate to permanently lose.

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