So we're in the final days of this trip back to the States and that means handling some business that cannot be easily taken care of abroad - such as filing our taxes.
I am old school in that I like to do the tax forms by hand, with pen and calculator in tow. This used to be much easier back in the day of qualifying for the 1040-EZ, but these days it's getting a bit wee complex.
Compared to last year, this year's return will include a Schedule E (because we rented out our place while we were in Vietnam), a Form 1116 (for the Foreign Tax Credit), and the Treasury Form TD F 90-22.1 (Report of Foreign Bank and Financial Accounts). This is along with the standard alphabet soup of forms - A, B, C, D's - the bane of folks of a certain age.
It took about 5 hours of persistent but relaxed work, including downloading the instructions for the forms that were new to me.
Hopefully, one of these days I'll have a Caymans tax shelter, buy some collectible artwork, have depreciable mineral rights, and have a butler, just so I can enjoy filling out the more esoteric schedules to the 1040.
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