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Old 04-17-2018, 06:14 AM   #21
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I used this calculator to determine if we needed to pay 2018 estimated tax or increase our withholding to cover LTCG from sale of shares. This was the only calculator I found that breaks out LTCG/Dividend income.

https://taxfoundation.org/2018-tax-reform-calculator/
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Old 04-17-2018, 07:50 AM   #22
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Quote:
Originally Posted by Amethyst View Post
I used this calculator to determine if we needed to pay 2018 estimated tax or increase our withholding to cover LTCG from sale of shares. This was the only calculator I found that breaks out LTCG/Dividend income.

https://taxfoundation.org/2018-tax-reform-calculator/
looks like you have to suscribe to use it? The HR Block and Taxcaster tax calculators also provide 2018 results w/ LTCG/QDIV coverage. They look like the 2017 version but at the end will provide both 2017 and 2018 taxes.
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Old 04-17-2018, 08:07 AM   #23
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I did not have to.

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Originally Posted by kaneohe View Post
looks like you have to suscribe to use it? .
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Old 04-17-2018, 08:53 AM   #24
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Originally Posted by audreyh1 View Post
TurboTax has what-if tools for 2018 which obviously uses the new parameters.
How do you find the what-if tool in TT? I was poking around a bit, but didn't see anything. I've got Home and Business if it makes a difference.
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Old 04-17-2018, 09:03 AM   #25
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How do you find the what-if tool in TT? I was poking around a bit, but didn't see anything. I've got Home and Business if it makes a difference.
If you have the desktop version of TTax:
- go to Forms mode by choosing View / Forms from the menu or pressing Ctrl+2
- click the Open Form button just above the list of "Forms in My Return"
- type "what" in the search box on the popup
- click on What-If Worksheet in the results list

I am using the desktop Premier version, so it's possible that this feature doesn't exist in Home and Business.
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Old 04-17-2018, 09:03 AM   #26
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I did not have to.
Thanks...you are correct; went back and just ignored the invitation. Gave same answer as HR Block which hopefully validates both.
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Old 04-17-2018, 09:20 AM   #27
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I got a kick out of the "exemplar" taxpayers, including a couple making $1,000,000 per year. I saw only one retired "exemplar" couple, and it was two men.

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Originally Posted by kaneohe View Post
Thanks...you are correct; went back and just ignored the invitation. Gave same answer as HR Block which hopefully validates both.
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Old 04-17-2018, 09:20 AM   #28
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Quote:
Originally Posted by cathy63 View Post
If you have the desktop version of TTax:
- go to Forms mode by choosing View / Forms from the menu or pressing Ctrl+2
- click the Open Form button just above the list of "Forms in My Return"
- type "what" in the search box on the popup
- click on What-If Worksheet in the results list

I am using the desktop Premier version, so it's possible that this feature doesn't exist in Home and Business.
Got it. Thanks. Now I can play.
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Old 06-12-2018, 02:01 PM   #29
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Quote:
Originally Posted by cathy63 View Post
If you have the desktop version of TTax:
- go to Forms mode by choosing View / Forms from the menu or pressing Ctrl+2
- click the Open Form button just above the list of "Forms in My Return"
- type "what" in the search box on the popup
- click on What-If Worksheet in the results list

I am using the desktop Premier version, so it's possible that this feature doesn't exist in Home and Business.
Thank you - I don't think I would ever have found this on my own!

Interesting results... with our mix of income and deductions the TCJA is not helpful to this early retiree. I have to massively bunch charitable deductions into a DAF and then try to squeeze as much medical into one year rather than the following to be able to itemize. Plus, no more property tax bunching now that the SALT cap is in place. For the same amount of Roth conversion, we will pay higher taxes. Luckily for us one of us reaches Medicare age soon.
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