stessier wrote:Done - just have to print and file. Schedule K-1 is a PAIN and confusing to boot. I don't know how you do it Ironrod.
We pay an accountant. I don't understand K-1. Schedule SE is our Waterloo, though. We have to wipe out as much 1099 income as possible to avoid the self-employment tax. The Bride finished her SE data today and takes it to the accountant tomorrow. I hope that will be the end of it.
All bets are off if he needs to know the details of our health insurance payments. I can show our payment history easily enough, but I can't begin to explain it. First we paid full price for a couple of months, then the federal subsidy kicked in retroactively so we paid nothing for awhile, then we had a partially subsidized month and a couple of fully subsidized months, then the subsidy expired and we had to pay full price again, then we reduced our coverage to save money, then they renewed the subsidy retroactively again...there's no way I can attach numbers and dates to that mess. But I have a bad feeling he will insist on it even though the COBRA subsidy is not treated as income. It could set us back weeks if we have to get the COBRA administrator to cough up documents.
As much effort as we put into writing off our piddly little income, I can only imagine how hard it is for rich people.