Author Topic: Did you make any last minute tax moves in 2019  (Read 1970 times)

Offline ExGingi

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Nov 2015
  • Posts: 18429
  • Total likes: 8788
  • DansDeals.com Hat Tips 19
    • View Profile
  • Location: 770
  • Programs: בשורת הגאולה. From Exile to Redemption. GIYF. AAdvantage Executive Platinum®
Did you make any last minute tax moves in 2019
« on: December 31, 2019, 02:22:12 PM »
Rather frustrating that certain transactions need to take place months before I know the complete picture.

Based on a guestimate I put through a small ROTH IRA conversion (last year I did a large one, and my accountant was amazed at how I figured out the ability to do that for the right amount without ending up with a bigger tax bill - but then I had a better picture of my tax writeoffs for the year so was able to plan accordingly).

Did you make any last-minute moves?
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline CountValentine

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Mar 2013
  • Posts: 17461
  • Total likes: 8282
  • DansDeals.com Hat Tips -1
  • Gender: Female
    • View Profile
  • Location: Poland - Exiled
  • Programs: DAOTYA, DDF Level 3, 5K Lounge
Re: Did you make any last minute tax moves in 2019
« Reply #1 on: December 31, 2019, 02:29:44 PM »
Yeah, a 3k tax payment because I owe tons more this year.
Great tax cut.  >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:(
Only on DDF does 24/6 mean 24/5/half/half
Simone Biles: “I love my black job”

Offline ExGingi

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Nov 2015
  • Posts: 18429
  • Total likes: 8788
  • DansDeals.com Hat Tips 19
    • View Profile
  • Location: 770
  • Programs: בשורת הגאולה. From Exile to Redemption. GIYF. AAdvantage Executive Platinum®
Re: Did you make any last minute tax moves in 2019
« Reply #2 on: December 31, 2019, 05:45:47 PM »
Yeah, a 3k tax payment because I owe tons more this year.
Great tax cut.  >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:(

What ever happened to the old adage "owing more taxes is a good problem to have".  :P
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline CountValentine

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Mar 2013
  • Posts: 17461
  • Total likes: 8282
  • DansDeals.com Hat Tips -1
  • Gender: Female
    • View Profile
  • Location: Poland - Exiled
  • Programs: DAOTYA, DDF Level 3, 5K Lounge
Re: Did you make any last minute tax moves in 2019
« Reply #3 on: December 31, 2019, 05:46:46 PM »
What ever happened to the old adage "owing more taxes is a good problem to have".  :P
That was based on making more money. I didn't work last year.  >:(
Only on DDF does 24/6 mean 24/5/half/half
Simone Biles: “I love my black job”

Offline ExGingi

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Nov 2015
  • Posts: 18429
  • Total likes: 8788
  • DansDeals.com Hat Tips 19
    • View Profile
  • Location: 770
  • Programs: בשורת הגאולה. From Exile to Redemption. GIYF. AAdvantage Executive Platinum®
Re: Did you make any last minute tax moves in 2019
« Reply #4 on: December 31, 2019, 05:48:57 PM »
That was based on making more money. I didn't work last year.  >:(

So the SECURE act doesn't help you? No earned income...
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline KSMH

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Jul 2018
  • Posts: 2812
  • Total likes: 496
  • DansDeals.com Hat Tips 15
    • View Profile
Re: Did you make any last minute tax moves in 2019
« Reply #5 on: December 31, 2019, 05:50:14 PM »
Yeah, a 3k tax payment because I owe tons more this year.
Great tax cut.  >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:(
I am actually saving a ton due to trump's tax CUTS. 

That's the benefit of working.
Always praying for delayed baggage.

Offline aygart

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: May 2008
  • Posts: 19443
  • Total likes: 15878
  • DansDeals.com Hat Tips 14
    • View Profile
    • Lower Watt Energy Brokers
  • Programs: www.lowerwatt.com
Re: Did you make any last minute tax moves in 2019
« Reply #6 on: December 31, 2019, 05:51:35 PM »
That was based on making more money. I didn't work last year.  >:(
You lost deductions?
Feelings don't care about your facts

Offline CountValentine

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Mar 2013
  • Posts: 17461
  • Total likes: 8282
  • DansDeals.com Hat Tips -1
  • Gender: Female
    • View Profile
  • Location: Poland - Exiled
  • Programs: DAOTYA, DDF Level 3, 5K Lounge
Re: Did you make any last minute tax moves in 2019
« Reply #7 on: December 31, 2019, 05:52:34 PM »
So the SECURE act doesn't help you? No earned income...
If I new what is was it might. Checking now.  :-[
Only on DDF does 24/6 mean 24/5/half/half
Simone Biles: “I love my black job”

Offline aygart

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: May 2008
  • Posts: 19443
  • Total likes: 15878
  • DansDeals.com Hat Tips 14
    • View Profile
    • Lower Watt Energy Brokers
  • Programs: www.lowerwatt.com
Re: Did you make any last minute tax moves in 2019
« Reply #8 on: December 31, 2019, 05:54:15 PM »
If I new what is was it might. Checking now.  :-[
This explains everything. You need better tax planning.
Feelings don't care about your facts

Offline CountValentine

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Mar 2013
  • Posts: 17461
  • Total likes: 8282
  • DansDeals.com Hat Tips -1
  • Gender: Female
    • View Profile
  • Location: Poland - Exiled
  • Programs: DAOTYA, DDF Level 3, 5K Lounge
Re: Did you make any last minute tax moves in 2019
« Reply #9 on: December 31, 2019, 05:54:41 PM »
Only on DDF does 24/6 mean 24/5/half/half
Simone Biles: “I love my black job”