February 16th, 2008

Taxes

At least it's not Death....

Finished my taxes!  Whooo!  Most complicated set of tax forms I've ever had to deal with.

The IRS wanted me to list each and every stock transaction I made in 2007, with the name of the stock and number of shares, date purchased, date sold, cost, sale price and profit/loss.  I did about 80 transactions last year!  I'd have had to fill out 4 or 5 Schedule D-1's.  Fortunately the instruction book says I can use a "statement" that provides similar information, and Gainskeeper was able to provide me with a PDF of all of last years sales.  I hope the IRS will accept it; it's got all the same data as the D-1 requires, though the columns are in slightly different order (dates then name, rather than name then dates).

So I had to fill out the 1040, and Schedules B and D.  No C or SE this year, since I didn't do any business activities this year.

I owe the IRS $250 and NE Dept of Revenue another $116.  Damn but Nebraska state income tax is BRUTAL.
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