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throwaway898989 | 4 years ago

1040 filings are not easy at all. incorrectly filed 1040s can lead to things like your investments being classified as a PFIC and taxed at 39.6%

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ValleZ|4 years ago

Sure, if a professional struggles with it it's by definition not easy. It was however easier then the complex part: I was moving between states separately from my spouse when we were both working full time. This could not be properly handled by any online service available (yes, I tried at least 4 different) and I ended up with filling forms manually by myself. It should not be this hard in first place. And yes, likely there are a lot of pros who can file it easily but finding anyone who is good in what he is doing is not easy.

ValleZ|4 years ago

OMG, PFIC is a nice pitfall.