On Sat, 17 Mar 2018 14:34:54 -0400, John H.
wrote:

On Sat, 17 Mar 2018 11:06:51 -0400, wrote:

On Sat, 17 Mar 2018 10:22:06 -0400, John H.
wrote:

A nice, cloudy day. Too cool for a motorcycle ride or a round of golf. Grass does not need cutting
and leaves do not need raking.

Reckon I'll do my taxes. Time to crank up Turbo Tax.

I did mine a couple weeks ago. Since I did not sell any stock this
year or do anything else to complicate things it was pretty simple.

I had to wait for a K-1 return which never comes until about the second week in March. Actually,
that's your fault. That damn oil company. I won't have to deal with it next year.

I have not screwed with that K-1 for years. I take the distributions
as ordinary income and the IRS seems to be happy. It may be costing me
some money but the hassle is not worth it. I doubt the extra tax I pay
would cover buying Turbotax. Besides Harry should appreciate me
supporting a good cause, "Uncle Sam", with the money.
I figure if they ever do get around to auditing me over the K-1, they
will owe me money.
Have you ever done a "what if" on Turbotax taking the distribution as
income? Just curious. I stopped buying Turbotax the first year it
screwed up on my K-1. I had a bunch of boxes it never had me entering
and the instructions on the K-1 said I should be doing it. That was
the first year I started just taking it as income.