Jun. 7th, 2022

mtbc: maze H (magenta-black)
This gap in between jobs is a chance for me to catch up on some neglected chores. Today's focus was last year's taxes for the IRS. (I had filed for an extension.) They take me more than a day partly because there are new things to figure out each year. This year's, so far, turn out to have been: how to use my lifetime allowance in calculating gift tax, and how to concisely report capital gains when a small fraction had loss disallowed as a wash sale*. Alas, this year's taxes will be no easier.

*I did not sell simply in order to realize a loss to reduce my taxable income but, of course, the IRS suspect that may have been my motive.

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Mark T. B. Carroll

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