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02-15-2020, 11:58 AM
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#41
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gone traveling
Join Date: Apr 2011
Posts: 3,375
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 Quote:
Originally Posted by Souschef
I am waiting for 3 1099's from FIDO and another one. It is a function as to weather I am getting a refund or paying. I do not have a clue. Both DW and I sold some funds and I have no idea what the CG is going to look like this year.
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My Fidelity 1099 has been available on line for a couple of weeks.
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02-15-2020, 12:00 PM
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#42
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gone traveling
Join Date: Apr 2011
Posts: 3,375
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Quote:
Originally Posted by Kelor
I'm just waiting for Fidelity. Absolutely positively no refund for me this year - same as the last 10 years. I guess I'm doing something right.
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Depends if underpayment warrants a penalty or not.
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02-15-2020, 12:01 PM
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#43
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gone traveling
Join Date: Apr 2011
Posts: 3,375
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Quote:
Originally Posted by aja8888
I have to wait to file until almost April as K-1's are not out until late March.
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+1
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02-15-2020, 12:05 PM
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#44
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Thinks s/he gets paid by the post
Join Date: Aug 2015
Posts: 1,890
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Quote:
Originally Posted by gerntz
My Fidelity 1099 has been available on line for a couple of weeks.
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Anything with international was not available until today.
__________________
Consistently sets low goals and fails to achieve them.
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02-15-2020, 12:10 PM
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#45
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Thinks s/he gets paid by the post
Join Date: Feb 2009
Location: Cville
Posts: 1,604
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My plan was 110% of previous year, but 2019 will be first year doing Roth conversions so it should be big total tax due
__________________
FIRE 31 Aug, 2018 - Always leave every place better than you found it, always give more than expected or Due
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02-15-2020, 12:46 PM
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#46
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2009
Posts: 6,698
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After I make a rough draft of my tax returns in late January or early February (after getting the last 1099), I put them away for a few weeks. When I look at them again, I then try to pretend I am reviewing them for the first time as a check on my own work. Also, a subsequent review I try to do differently, such as by hand instead of relying totally on my spreadsheet. Matching my previous work tells me I very likely haven't made any mistakes. Still, a third review in late March gives me more confidence I got it all correctly.
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
"I want my money working for me instead of me working for my money!"
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02-15-2020, 01:03 PM
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#47
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,154
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Quote:
Originally Posted by gerntz
Since income has been increasing due to partial & then full year SS, I've made dang sure I don't owe penalty by paying 110%+ of previous year's taxes. Then there are Div & CG from funds variation. So far, 110%+ of 2018 doesn't look like it's going to be a big over-payment. This may settle down for 2020.
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In years where I expect a jump in income compared to the prior year, I default to the 110% of prior years taxes safe harbor and then reevaluate for Jan Q4 estimated payment if it looks like I might end up overpaying.
BTW I haven’t paid any penalties at all, because I always meet the annualized quarterly criteria including paying at least 90% of taxes owed by Jan 15 of the following year.
__________________
Retired since summer 1999.
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02-15-2020, 05:12 PM
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#48
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,376
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Quote:
Originally Posted by corn18
Anything with international was not available until today.
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I got the 1099 that included my international fund on Jan 21.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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02-15-2020, 05:35 PM
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#49
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2007
Posts: 13,228
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Quote:
Originally Posted by pb4uski
I got the 1099 that included my international fund on Jan 21.
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Maybe Fido vs. VG? I got my VG 1099 with VTIAX before the end of January as well.
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02-15-2020, 07:11 PM
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#50
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,154
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Just got notice that our last Fidelity brokerage 1099 is available. So DH will start downloading into TurboTax and get most of it done.
But what took them so long last year was the % foreign source income numbers. Needed that to complete our foreign tax credit forms.
__________________
Retired since summer 1999.
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02-15-2020, 07:44 PM
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#51
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2016
Posts: 9,526
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Done a week ago or so. We already got the state refund back already.
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02-15-2020, 08:35 PM
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#52
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Recycles dryer sheets
Join Date: Jun 2018
Posts: 203
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Apparently per Turbo Tax, the Government forms for my filing aren't available until 2/20.
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02-15-2020, 09:35 PM
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#53
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gone traveling
Join Date: Apr 2011
Posts: 3,375
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I'm surprised folks are getting multiple 1099's from same brokerage firm. We got one from Schwab & one from Fidelity. Yes, one account at both.
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02-16-2020, 05:02 AM
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#54
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,154
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We get a 1099 from each taxable account we have at Fidelity. For taxable we have two brokerage accounts and a cash management account. Each account has a separate 1099 generated.
Edited to add: I get two from Schwab as well, a 1099-INT from Schwab Bank, and a 1099-combined from the Schwab brokerage account.
__________________
Retired since summer 1999.
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02-16-2020, 05:47 AM
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#55
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Posts: 3,088
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I went old school this year, paper returns completed and will be mailed in April.
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02-16-2020, 06:33 AM
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#56
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gone traveling
Join Date: Sep 2018
Location: Washington, DC
Posts: 575
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Not hesitant, just as usual owe a couple $k so will wait until the April 15
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02-16-2020, 08:20 AM
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#57
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,376
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Quote:
Originally Posted by RunningBum
Maybe Fido vs. VG? I got my VG 1099 with VTIAX before the end of January as well.
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Perhaps. Mine was VTIAX as well.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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02-16-2020, 08:21 AM
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#58
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,376
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Quote:
Originally Posted by jim584672
I went old school this year, paper returns completed and will be mailed in April.
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OMG... just shoot me. 
What gets me is that it is almost scary how easy tax prep is getting. 99+% of our income is imports from Vanguard, Fidelity and my pension provider and with the higher standard deduction we no longer itemize. Then it is just a matter of reviewing to see if the imports are correct.... less than an hour soup to nuts.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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02-16-2020, 09:22 AM
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#59
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Recycles dryer sheets
Join Date: Mar 2011
Location: Western Georgia
Posts: 247
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Me too. I usually get couple of revisions.
__________________
Hard to say what it was, when it isn't.
FIRED in 2005 @ 55
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02-16-2020, 09:50 AM
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#60
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Recycles dryer sheets
Join Date: Mar 2011
Location: Western Georgia
Posts: 247
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Quote:
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with the higher standard deduction we no longer itemize. .
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I was surprised last year that California State software itemized deductions even though Federal used standard deductions. Some states do that.
__________________
Hard to say what it was, when it isn't.
FIRED in 2005 @ 55
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