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2018 tax forms - when?
Old 04-10-2018, 09:51 PM   #1
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2018 tax forms - when?

Does anyone know when we might see a draft 2018 form 1040 along with the instructions?

I don't mean the ones we're filing now, I mean the ones we'll file about a year from now, with the changes.

I tried googling but Google misunderstood my question.
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Old 04-10-2018, 11:52 PM   #2
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I would expect to see the form and general instructions for form 1040 some time in early January, 2019.
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Old 04-11-2018, 04:58 AM   #3
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I would expect to see the form and general instructions for form 1040 some time in early January, 2019.
They do not do them early because they never know if there might be a change until the last minute.
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Old 04-11-2018, 07:33 AM   #4
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Does anyone know when we might see a draft 2018 form 1040 along with the instructions?
You asked about draft forms, but the other answers you're getting are about final forms. Drafts of the 1040 and its schedules are typically available by October, though it might be later this year due to the large changes in the law.

When they're available, they'll be found here: https://apps.irs.gov/app/picklist/li...mitSearch=Find
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Old 04-11-2018, 08:16 AM   #5
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Thanks all.
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Old 04-11-2018, 12:09 PM   #6
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Why? Are you keen to do your 2018 return now?
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Old 04-11-2018, 12:16 PM   #7
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Why? Are you keen to do your 2018 return now?
Heh.

I like trying to optimize things, and there are decisions I could make and actions I could take now if I could read those forms and instructions now.

In practical terms, I could relax and wait until November. Any positive difference I could make between now and then would likely be measurable with a micrometer.
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Old 04-11-2018, 03:51 PM   #8
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What helps me the most now in preparation for my 2018 taxes is the 2018 estimated tax form and instructions which include the new tax brackets and standard deductions.
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Old 04-12-2018, 04:48 PM   #9
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Why? Are you keen to do your 2018 return now?
I have been doing a pro-forma return for 2018 (my first pension year) and 2023 (my first RMD year) for about five years now. I do them before I do my return for the active year. The 2023 year in particular was a significant factor in making ROTH conversion decisions.
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Old 04-12-2018, 04:53 PM   #10
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I do that too. But I don't need the 2018 forms in order to do a pro-forma 2018 return... I have one done in Excel and also have on on a TT What-If worksheet (there is a checkbox that does the return using 2018 rules and rates).
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Old 04-12-2018, 05:23 PM   #11
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Yes, it takes a little time and effort to mock up a return in Excel or similar software, but no advanced spreadsheet skills. Well worth the investment IMHO.
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Old 04-12-2018, 05:30 PM   #12
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Agreed... but TT's What-If worksheet makes it easy peasy.
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Old 04-12-2018, 06:13 PM   #13
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Originally Posted by SecondCor521 View Post
Heh.

I like trying to optimize things, and there are decisions I could make and actions I could take now if I could read those forms and instructions now.

In practical terms, I could relax and wait until November. Any positive difference I could make between now and then would likely be measurable with a micrometer.
TurboTax has what-if tools for 2018 which obviously uses the new parameters.
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Old 04-13-2018, 06:42 AM   #14
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Tax calculators like the HR Block one and Taxcaster allow you to put in what look like 2017 inputs and output both 2017 taxes and 2018 taxes. Just put in your 2018 inputs at the beginning. Compare both calculators to see if you get the same results which would give you more confidence in the results.
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Old 04-13-2018, 07:13 AM   #15
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My taxes are fairly simple so in my case the changes I needed to make to my 2017 tax estimator spreadsheet for 2018 were fairly minor. I updated the tax brackets and the standard deduction I used in 2017, it was a simple change that only took a minute. Don't believe there are any other changes to the tax code that affect me.
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Old 04-13-2018, 08:28 AM   #16
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Another thought... I found that the TT What-If worksheet with 2018 changes was a good tool for me to validate that the changes that I made to 2018 for my Excel model were correct.
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Old 04-13-2018, 08:54 AM   #17
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My taxes are fairly simple so in my case the changes I needed to make to my 2017 tax estimator spreadsheet for 2018 were fairly minor. I updated the tax brackets and the standard deduction I used in 2017, it was a simple change that only took a minute. Don't believe there are any other changes to the tax code that affect me.
you probably did it but didn't say explicitly............no more exemptions
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Old 04-13-2018, 09:15 AM   #18
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I have also been looking for a calculator for 2018 taxes. Tried several and my favorite is this one. It's fairly complete and I found it easier to navigate than others.

https://www.mortgagecalculator.org/c...calculator.php
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Old 04-13-2018, 09:53 AM   #19
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you probably did it but didn't say explicitly............no more exemptions
Correct, just combined it into one standard deduction, $12K for me.
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Old 04-13-2018, 10:14 AM   #20
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I do that too. But I don't need the 2018 forms in order to do a pro-forma 2018 return... I have one done in Excel and also have on on a TT What-If worksheet (there is a checkbox that does the return using 2018 rules and rates).
Much of what I have read about the new tax laws (both the federal ones and my state one) is the non-technical explanations in the media. In several cases, my actual tax liability and optimal tax plan hinges on details that are either missing or conflicting in those reports. So I want to go to the "horse's mouth" and confirm those details and uncover any gotchas ahead of time.

Aside from the new tax laws, my tax situation is changing: I may be able to switch from single to HOH, I will likely have a kid in college who also may become my dependent again, and I will have a second kid in college next year. So lots of moving parts for me.
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