That was an unexpected bonus

Vicki and I are refinancing our house. Mostly this is to get a shorter time period, but also to reduce the interest a bit. We kind of dithered about this and missed the best rates, but the one we got isn’t too bad. That’s not what I’m writing about here though.

Because the 2009 tax year was a little light (because I spent some time unemployed and some time working for peanuts), I dug out both our 2008 and 2009 tax files. And while I was flipping through them, something caught my eye: an amount on the 2008 tax form that said something like “Capital loss carried forward to 2009”. Oh oh, I don’t remember carrying forward any amount. Sure enough, I couldn’t find any mention of it on the 2009 tax form. I also couldn’t remember where this capital loss had come from.

I looked back, and discovered it had to do with the sale of Vicki’s mom’s house back in 2006. I’d been using TurboTax in 2006, 2007 and 2008, and it had carried it forward without my even noticing it. (When you have a large capital loss, you can only claim $3,000 each year and carry the rest forward.) But for 2009, I’d switched to H and R Block on-line for reasons I don’t remember. And because I’d forgotten about the carry forward, I hadn’t applied it.

So today I downloaded the 1040X and IT-201X amended tax forms, and filled them all in manually because H and R Block on-line doesn’t give you any way to go back to last year’s return and amend it. (Something which you can do with TurboTax, I happen to know, because I amended the 2006 return using it.) I filled out all the forms and it turns out we’re due a nice little chunk of change. So that’s a nice little surprise consequence of our refinancing efforts.

One side note: both the IRS and New York State provide handy downloadable PDFs that you can edit and print. But for some bizarre reason that I can’t fathom, the IRS one can be saved but the New York one can’t. Can somebody explain what was the logic behind not allowing you to save?

3 thoughts on “That was an unexpected bonus”

  1. It irks me that the IRS knows damn well you had a carry forward. But do they tell you ”hey you didn’t apply your carry forward this year, in case you care?” Hell no. Bogus.

  2. In most cases I think not allowing saves on PDFs has very little to do with good reasoning and more to do with not knowing how to use the PDF generator.

    At my old job all of the HR forms had save disabled for no good reason. There was no PII in those forms. So I did the only reasonable thing and cracked the passwords on them so I could resave them with no protection.

  3. Can somebody explain what was the logic behind not allowing you to save?

    “That’s the default behaviour of Acrobat, and it would take someone who knows how to use the tool to change it”

Comments are closed.