Author Topic: Did you make any last minute tax moves in 2019  (Read 446 times)

Online ExGingi

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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

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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.  >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:(
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Online ExGingi

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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

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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.  >:(
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Online ExGingi

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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

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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

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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?
You have the right to remain silent. Anything you say can and will be used to start a religious discussion.

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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.  :-[
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Offline aygart

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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.
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Re: Did you make any last minute tax moves in 2019
« Reply #9 on: December 31, 2019, 05:54:41 PM »
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch