Fermion
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Just did our taxes. It wasn't super complicated this year because there was not a lot of activity in our taxable accounts but I did have to report the first 72t distribution we took last year. Hope I did that right...seemed fairly easy, just put in the 1099-R info and the software filled out form 5329 that indicated this was substantially equal lifetime payments, so exception applies.
Bank had taken out 1.51 in taxes on a massive $10 in yearly interest on a decent five figure account (that certainly has changed now...next year interest will be a thing again).
We get all that 1.51 back...actually it rounds up to $2.
So not only am I getting $2 back this year, but we are skimming $0.49 from Uncle Sam. How about that!
I know it should be invested wisely, but tempted to treat it as found money.
Bank had taken out 1.51 in taxes on a massive $10 in yearly interest on a decent five figure account (that certainly has changed now...next year interest will be a thing again).
We get all that 1.51 back...actually it rounds up to $2.
So not only am I getting $2 back this year, but we are skimming $0.49 from Uncle Sam. How about that!
I know it should be invested wisely, but tempted to treat it as found money.