Posted by MarkB_MI on April 09, 2022 at 04:38:03 from (96.59.224.67):
In Reply to: Re: Taxes posted by Geo-TH,In on April 09, 2022 at 03:43:38:
> I just got my last K1 a few days ago. I think I had 16 K1.
Aren't those supposed to be in the mail by January 31? I would have been on the phone March 1st.
> Got a call from my CPA yesterday. I'll need two pant loads of cash to pay a lifetime record of income taxes. I Hate to see what my quarterlies will be this year.
I only had to write a check for half a pantload. Fidelity makes it difficult to figure out how much they withhold from my 401k distributions, so I didn't have enough withheld last year. Meanwhile, the rentals actually made money last year, and my wife started collecting SS. The first pass I made through my 1040 I thought I must have made a big mistake somewhere. Nope.
It only took Uncle Sugar a week to cash my check. I wonder if I'll get another letter from the IRS next January like I got this year saying they didn't receive my 1040, even though they deposited the check I mailed with it.
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