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Tax question

  #11 (permalink)
 
LightWeight's Avatar
 LightWeight 
Kirkland, WA/United States
 
Experience: Intermediate
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Okay....so I went to TaxAct online and completed the same process, and they came out with the same total, within $100 (for both my 1099 contract job and my 1256 trading), which convinced me it must be accurate. I then went through and actually filled out the 6781, the Schedule D form, and the Qualified Dividends and Capital Gains Tax Worksheet, and then checked everything against the 1040 they had filled out, and it all checked out. It still seems low to me based on how I assumed things would be taxed, but it is correct per the IRS instructions.

Now I just need to uncross my eyes and take an aspirin to get rid of this headache.

Think big, think positive, never show any sign of weakness. Always go for the throat. Buy low, sell high. Fear? That's the other guy's problem. In this building, it's either kill or be killed. You make no friends in the pits and you take no prisoners. One minute you're up half a million in soybeans and the next, boom, your kids don't go to college and they've repossessed your Bentley. Are you with me?
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  #12 (permalink)
 
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 Big Mike 
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Please use the existing tax thread:



I am closing this thread to prevent a split topic. You can repost your questions there.

Mike



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Last Updated on April 9, 2014


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