[HN Gopher] Open Tax Solver
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Open Tax Solver
Author : cdjk
Score : 91 points
Date : 2021-10-05 15:03 UTC (7 hours ago)
(HTM) web link (opentaxsolver.sourceforge.net)
(TXT) w3m dump (opentaxsolver.sourceforge.net)
| ludamad wrote:
| The mathematical part of me thought this tackled some
| optimization problem with trade-offs related to taxes. Cool
| software nonetheless :)
| amelius wrote:
| I hope it is written in a pure functional language, because this
| seems like the perfect application for it.
| junar wrote:
| It's written in C. You can see the code here:
| https://sourceforge.net/p/opentaxsolver/SrcCodeRepo/HEAD/tre...
| unpopularopp wrote:
| I never understand the text-to-speech guide videos. It's a huge
| turn off for me, like "oh maybe I won't use this software
| rather". idk why really, but it just feels so wrong.
|
| Also I know it's money, pennies, but Amazon Polly is kinda good
| and with a few minutes of EQ touch up you can make it 100% better
| than the default OSX/Windows text-to-speech
| [deleted]
| nerdponx wrote:
| Indeed, I generally associate those videos with low/0 effort
| YouTube content farms trying to make a quick buck on ad
| revenue.
| throwbigdata wrote:
| Does it calculate or solve?
| ramesh31 wrote:
| This is fine I guess for a simple 1040 filing, but I've never
| seen anything open source that can handle importing and
| calculating profit/loss for hundreds of day trades across
| multiple brokerages with wash sale logic. TurboTax for all its
| warts is still a godsend to me and far cheaper than an
| accountant.
| sytelus wrote:
| If you are relying on Turbotax, you are making a big mistake. I
| think they have stopped improving it much and now just "milk
| the cow" mode. I can think of 10 thousand improvements but each
| year they are same old same old. So I went to a very competent
| CPA just to double check if TT was maxing out. It turned out
| that I was losing significantly in TT. For example, TT did not
| identified wrong cost basis that often comes from the brokers
| like Fidelity. CPA noticed them in a second. TT also failed to
| make sure I was saving on taxes paid to state by various
| channels. If you are giving IRS more than $10K in taxes, it is
| worth finding and hiring a CPA who often charges less than
| $500.
| johnwheeler wrote:
| Might consider getting it off ad-ridden sourceforge to lend
| credibility to an otherwise nice looking project
| rus20376 wrote:
| ...or maybe it's better to have simple ads supporting a
| straightforward code hosting site rather than allowing your
| code to be ingested into some AI model, or whatever other
| hidden uses, and used against your will by Microsoft?
| marcellus23 wrote:
| you know sourceforge has inserted adware into downloads
| before, right?
| jamestanderson wrote:
| To be fair, that was under different ownership. One of the
| first things the new owners did after the acquisition was
| to stop that practice.
|
| [1] https://www.reddit.com/r/sysadmin/comments/4n3e1s/the_s
| tate_...
| amenghra wrote:
| Imho their reputation is burned. People don't pay
| attention to ownership changes or the fact that they
| stopped that practice (especially since they haven't
| redesigned the site much, still looks and feels like the
| old crap).
| milbertson wrote:
| GitLab is open source and has no ads. It's relatively
| popular, you can learn more about it
| [here](https://gitlab.com/gitlab-com)
| CameronNemo wrote:
| Not all projects have the resources to self host GitLab CE.
| Actually compute resources may not be much, but keeping it
| up to date with security patches can be burdensome.
| [deleted]
| PostThisTooFast wrote:
| WTF, the only version you can download is the Linux version. The
| page says Windows/Mac/Linux, but there's no way to select one:
| https://sourceforge.net/projects/opentaxsolver
| jnsie wrote:
| How does it handle crypto? So far the tax solutions I've seen are
| cost prohibitive, getting quickly more expensive as the number of
| transactions being tracked increases.
| sytelus wrote:
| Why is crypto so special? Don't you just report realized gains
| as investment income and let the tax software do its thing?
| teraflop wrote:
| There are different kinds of "investment income". Selling
| cryptocurrency (or exchanging one currency for another)
| generally results in capital gains, for which you need to
| track and report each individual tax lot along with its cost
| basis.
|
| In contrast, if you receive a bunch of interest or dividend
| payments from stocks that you own, you generally only need to
| report the total from each brokerage or other account.
| junar wrote:
| A broker typically sends both you and the IRS a 1099-B
| reporting the details of the sale of stocks, etc. Having this
| form makes your tax filing relatively easy.
|
| Cryptocurrency exchanges don't necessarily issue these forms,
| which means that the taxpayer has to report the details
| themselves. In particular, the IRS wants each transaction
| reported on a separate row of Form 8949, which may be
| laborious for those with many transactions.
|
| (Note that an acceptable alternative is summarizing on Form
| 8949 itself and attaching details of the individual
| transactions separately. See "Exception 2" at
| https://www.irs.gov/instructions/i8949#idm140393400093152)
| junar wrote:
| Short answer is that it doesn't. Form 8949 has zero support.
| [deleted]
| rus20376 wrote:
| This is my favorite kind of Open Source project! It's obviously a
| labor of love and it has a wide impact. Truly this is for the
| greater good.
|
| The icing on the cake is that there is a nice TO DO list guiding
| new contributions.
| joelbondurant wrote:
| Helping extortion sector low life degenerate terrorists is
| trashy.
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(page generated 2021-10-05 23:01 UTC)