I finally got into doing taxes. The last day of the extension is today, October 15th! And you know what, I don’t have the paperwork from Ask! Asking for trouble! I was able to get in touch with Tricia and she got back to me the email addresses and telephone nums to get in touch with the right person. With that, I was able to import my w2 information.
What am I using this year?
I like TurboTax. I tried entering several transactions into TaxAct but it is just too painful. It’s a no comparison to TurboTax online. I think TaxCut is also good but I saw the W2 import in TurboTax.
I think I found a good way to generate a list of my stock transactions. In Quicken, there is a way to export Gains for the given year (I had to enter a custom date). It is exported and categorized into transaction dates. In TurboTax, there is a way to enter a batch entry, just enter “Various” and specify whether this was a LT or ST transactions. That is a time saver! Especially when I have a systematic – dollar costing – approach where I invest a lot in the same stock. I really like that and I only found out about it this year.
Lesson
If there are any lessons, I should try to do my taxes in March. No extensions. No stressing whether I would have to pay, etc. I might have to pay a lot next year. If I get a bonus, I should save around 2K for tax purposes.