How much is your Tax Return?

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  • JMobile
    SBR Posting Legend
    • 08-21-10
    • 19074

    #1
    How much is your Tax Return?
    Did you owe or getting back?

    Are you going to spend it on plays?
  • eaglesfan371
    SBR MVP
    • 01-08-19
    • 4079

    #2
    Still have to do it... don't want to do it...will likely receive 1k back. To me this is difficult but I'm sure all you rich folks have it worse.

    2 x W2s,
    3 x 1099-misc
    10-20 stock trades
    2 x 1099-int
    1 x state grant that I have to mail in
    1 x loss carryforward from previous year
    2 x student interest paid forms

    Earned in 3 states
    Lived in 2 counties within Maryland (how the heck do I calculate taxes owed per county? By days I lived there? How do I file the per county taxes separately?)

    Sigh.
    Comment
    • jjgold
      SBR Aristocracy
      • 07-20-05
      • 388179

      #3
      Originally posted by eaglesfan371
      Still have to do it... don't want to do it...will likely receive 1k back. To me this is difficult but I'm sure all you rich folks have it worse.

      2 x W2s,
      3 x 1099-misc
      10-20 stock trades
      2 x 1099-int
      1 x state grant that I have to mail in
      1 x loss carryforward from previous year
      2 x student interest paid forms
      rookie

      1 or 10,000 stock trades mean nothing

      1 form gains or loses, do not have to put each one in...

      Turbo even pulls it all in
      Comment
      • eaglesfan371
        SBR MVP
        • 01-08-19
        • 4079

        #4
        Originally posted by jjgold
        rookie

        1 or 10,000 stock trades mean nothing

        1 form gains or loses, do not have to put each one in...

        Turbo even pulls it all in
        Wish that was the case. Have to revise last year's return too. I forgot to include trades I made in the derivatives market and just found it out last week when I went to IRS doc website. IRS notified me. The 1099-B forms all look different despite only trading ES eminis. For example one shows position closed worth 30k with no cost basis. While another 1099-B shows full cost basis and sold for a loss. Its frustrating because the actual G/L of those trades were a few hundred at most each time, however yes, full market position when considering leverage was ~30k. However, it makes no sense why the forms are different and why one shows cost basis while other does not.
        Comment
        • GzaTheGenius
          SBR MVP
          • 02-12-13
          • 4181

          #5
          $149
          Comment
          • flipacoin9698
            SBR Sharp
            • 03-10-19
            • 266

            #6
            The ideal tax form is to have to pay $1

            Those that keep their withholding tuned to get a refund are losers.
            Comment
            • Itsamazing777
              SBR Posting Legend
              • 11-14-12
              • 12602

              #7
              mine garnished yearly for gambling winnings owed from fanduel
              Comment
              • Auto Donk
                SBR Aristocracy
                • 09-03-13
                • 43558

                #8
                the bigger the refund, the bigger the douche bag ..... for holding out too much/paying in too much all year long.......
                Comment
                • Bostongambler
                  BARRELED IN @ SBR!
                  • 02-01-08
                  • 35581

                  #9
                  Originally posted by Auto Donk
                  the bigger the refund, the bigger the douche bag ..... for holding out too much/paying in too much all year long.......
                  Giving the government interest free loans
                  Comment
                  • bigbubbafade
                    SBR Wise Guy
                    • 08-15-17
                    • 644

                    #10
                    Seems like some here know. I always pay.

                    No friggin chance I'm letting Uncle Sam hold my hard earned money all year.
                    Comment
                    • Auto Donk
                      SBR Aristocracy
                      • 09-03-13
                      • 43558

                      #11
                      ^^^^^^^^^^

                      the two above this get it.....
                      Comment
                      • Auto Donk
                        SBR Aristocracy
                        • 09-03-13
                        • 43558

                        #12
                        Originally posted by bigbubbafade
                        Seems like some here know. I always pay.

                        No friggin chance I'm letting Uncle Sam hold my hard earned money all year.
                        awesome avatar, btw, a trifecta of losers ultimately shredded by RIGHT minded and thinking people......

                        Comment
                        • Grits n' Gravy
                          Restricted User
                          • 06-10-10
                          • 13024

                          #13
                          Originally posted by flipacoin9698
                          The ideal tax form is to have to pay $1

                          Those that keep their withholding tuned to get a refund are losers.
                          Those who think payroll withholdings are the only thing involved in a grown man’s tax returns are real losers in life.

                          Will be writing a check to the irs next month like I do every April. Most of you should thank me for contributing to your ebt funds so you can switch up meals between sbr pizza cards.
                          Comment
                          • RudyRuetigger
                            SBR Aristocracy
                            • 08-24-10
                            • 65084

                            #14
                            owe mid 4 figures
                            Comment
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