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AlexTWithBeard | 3 years ago

Well, the easy part of tax filing is easy: yes, it's a bit tedious in a sense that you have to copy some stuff from your W2 to 1040, but that's it.

Calculating part time rental property depreciation is complicated, but that's because it IS complicated.

discuss

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sokoloff|3 years ago

Exactly. The ordinary earned income portion of our income is 80% or more of our income and 1-2% of the tax filing burden/complexity.

LikesPwsh|3 years ago

The imbalance is that it's more like 2% of tax complexity but 80% (made up numbers) of time spent.

Assuming no submission is equivalent to a submission with earned income only (standard in Europe) would save an incredible amount of time.