Do I owe money right now?
No — nothing is overdue
Provided the June payment cleared. Your next obligation is $76,000 on Sept 15 — —. On the current schedule you are ahead of what 2026 is likely to cost, not behind it.
The Year So Far
Paid In · 2026
$152,000
Q2 estimate — unverified · plus payroll withholding as it accrues
Still To Pay
$152,000
$76,000 Sept 15 + $76,000 Jan 15, 2027
Planned Total
$317,034
$304,000 estimates + ~$13,034 withholding
Safe Harbor Needs
$313,371
110% of 2025 tax · the schedule clears it
Where That Leaves You
What the plan pays in$317,034
What 2026 costs if income repeats 2025$284,883
Projected positionrefund ≈ $32,151
✅ Why you're ahead: safe harbor is 110% of last year's tax, so the schedule deliberately overshoots. You only end up owing if 2026 comes in bigger than 2025.
Break-even AGI — owe nothing, get nothing back≈ $1,063,000
2025 AGI, for reference$984,274
Room before you'd owe again≈ $79,000 of income
⚠️ The honest caveat: one strong trading quarter closes that $79,000 gap fast. 2025's gains alone were $305,169. Every dollar of 2026 profit above the break-even is taxed at ~40.8% and lands as an April bill.
The Plan — In Order
- 01Now — verify the Q2 $152,000 cleared 6/15/26. Everything above assumes it did. If it didn't, penalty interest is already running: pay it immediately and ask Kylee about mitigation.
- 02Sept 15 — pay $76,000. Q3 estimate. —
- 03Before Dec 31 — set up the retirement plan. The single move that changes the number. A 401(k) plus a cash balance layer against $510k of K-1 could shelter $100k–$300k at 37% — roughly $37,000 to $110,000 of tax. The plan document generally must exist before year end, even if it's funded later.
- 04December — the trading sweep. Cross-account wash-sale check (Merrill ↔ Schwab ↔ Robinhood), harvest losses, and look hard at anything close to the one-year mark before you sell it.
- 05Jan 15, 2027 — pay $76,000. Final 2026 estimate.
- 06Quarterly — feed the numbers. Snap the practice P&L and brokerage statements into the Feed and this projection stops being an assumption.
What We Don't Know Yet
2026 practice K-1 — running totalnot fed yet
2026 trading gains / lossesnot fed yet
2026 wages + withholding to datenot fed yet
Retirement plan — decided?open
📷 Feed any of the four above and this whole tab recalculates. Until then the projection assumes 2026 mirrors 2025.
2025 — closed
Filed & paid
Prepared by Sexton & Schnoll, e-filed and signed May 7, 2026. Balance of $176,942 direct-debited per Form 8879. Every figure here is read off the filed 1040 — not off the source paperwork.
The Numbers
Adjusted Gross Income
$984,274
up 82% from $541,587 in 2024
Total Tax
$284,883
$273,400 regular + $11,483 NIIT · 30.15% effective · 37% marginal
Owed in April
$176,942
includes $5,093 underpayment penalty
Paid In Advance
$113,034
$13,034 withheld + $100,000 estimates
How the Income Broke Down
S-corp K-1 — Periodontal Artistry PLLC$510,069
Capital gains — all short-term$305,169
Wages — Mo (Periodontal Artistry)$151,912
Wages — Jodie (BCS)$15,510
Qualified dividends (Merrill $1,357 + Schwab $226)$1,584
Interest$30
Total income / AGI$984,274
What Got Deducted
Itemized total (beat the $31,500 standard)$39,392
Mortgage interest — Pennymac$24,651
SALT (capped — $11,032 paid)$10,000
Margin interest — Merrill$4,611
Charity — Holy Trinity Episcopal Academy$130
QBI deduction (SSTB — phased out)$0
Education credit (AOC — phased out)$0
Retirement plan deduction$0
Taxable income$944,882
Lessons the Return Taught Us
- 01Every gain was short-term. ~$124,510 of tax where long-term treatment would have been ~$72,634 — about $52,000 left on the table, repeatable every year the habit continues.
- 02$115,147 of wash-sale losses disallowed inside individual accounts. Nobody tracks the overlap between the three brokerages — the biggest audit exposure on the return.
- 03$0 retirement deduction against $510k of K-1 income. The largest untouched lever, and it carries into 2026.
- 04Withholding never moved while income rose 82% — that's what produced the $5,093 penalty.
- 05Mortgage interest gap. 1098 says $27,374.63; return deducted $24,651. Worth ~$1,008 — still an open question for Kylee.
Documents On File
W-2 — Mo · Periodontal Artistry PLLC$151,912 · $12,751 W/H
W-2 — Jodie · BCS$15,510 · $283 W/H
1098 — Pennymac mortgage interest$27,374.63
1099 Composite — Schwab · Merrill · Robinhood3 of 3
1098-T — Ahmed · Eastern Florida State$1,345
CPA organizer · Toyota contract · vehicle-use logon file
📁 All of it lives in Drive → 093 claude → 18 House → 011 Taxes. Full sealed analysis: benji-taxes.mozizi.workers.dev
Settled — No Action Needed
- ✓Itemizing beat the standard deduction — $39,392 vs $31,500.
- ✓The county property tax bill made it in — $7,455 claimed. SALT caps at $10,000 regardless, so it changed nothing either way.
- ✓Mortgage interest is fully deductible — loan sits under the $750,000 acquisition-debt cap.
- ✓PMI deducted $0 — phases out well below this income. Killing PMI is a cash-flow move, not a tax move.
2027 — not started
Two dates already locked
Nothing is owed for 2027 yet. What's fixed today is the tail of 2026 landing in January and April, plus the first 2027 estimate in the spring. The rest fills in once the 2026 return is filed.
The Calendar
Jan 15, 2027 — Q4 2026 estimate$76,000
~Feb–Mar 2027 — 2026 tax documents arrivefeed them
Apr 15, 2027 — 2026 return due + Q1 2027 estimateTBD
Jun 15 · Sep 15, 2027 — Q2 & Q3 estimatesTBD
~Sep 2027 — mortgage hits 80% LTV → PMI removal request$1,615/yr back
📌 2027 estimate amounts get set the moment the 2026 return is filed — they're driven by 2026's final tax, same 110% safe-harbor rule.
What Rolls Into 2027
- 01The retirement plan — if it exists by Dec 31, 2026. Establish it this year and 2027 becomes the first full year of six-figure sheltering. Miss the deadline and 2027 is the earliest it can start working.
- 02Capital loss carryforward. Whatever 2026's December harvest produces beyond the $3,000 annual offset carries forward indefinitely — it lowers 2027 automatically.
- 03Wash-sale basis. Disallowed losses aren't gone; they attach to the replacement shares. Tracked properly, they reduce 2027 gains when those positions close.
- 04SALT stays capped at $10,000 at this income level — no planning value in accelerating property tax payments.
- 05PMI removal — a written request at 80% LTV, on schedule around September. Cash flow, not deduction.
🗓 This tab stays thin on purpose. It fills out in April 2027 when the 2026 return is filed and the real numbers replace the placeholders.
Pennymac #7019207214 — 15-yr fixed · verified Jul 12, 2026
Balance
$701,120.58
as of 7/12/26 · ≈$698,337 after Aug 1 payment
Rate
5.500%
15-yr fixed · no prepay penalty
Payment (Aug 1)
$7,396.02
was $7,345.24 · AutoPay on · never late
Payoff
~Jul 2040
on schedule
Payment Anatomy
Principal & Interest$5,997.39
Escrow$1,368.55
Escrow reserve$30.08
— includes PMI monthly$134.57
Late fee if after the 17th$299.87
Paid YTD thru Jul 2026$51,416.68
split P / I / E$19,135.04 / $22,846.69 / $9,434.95
PMI Removal — appraisal $827,600
80% LTV · Request
$662,080
reached ~Sep 2027 on schedule → written request
78% LTV · Auto-cancel
$645,528
~Mar 2028
Lump-sum shortcut
~$36,257 now
extra principal → 80% → cancel PMI. Saves $1,615/yr PMI + ~$1,994/yr interest ≈ ~10% first-year return. Current-value appraisal route likely blocked until Jun 2027 (seasoning). Pennymac 800-777-4001.
Open Items
- 01Verify August AutoPay drafts the new $7,396.02
- 02Optional: pay $361.03 escrow shortage lump → payment drops to $7,365.94
- 03Re-shop hazard insurance before ~Oct 2026 renewal ($6,300.11) — every $1k saved ≈ $83/mo
- 04TRIM notice ~mid-Aug — verify homestead / Save Our Homes
- 05PMI: decide lump-sum vs wait · calendar written request ~Sep 2027 latest
- 06Drive housekeeping: rename UUID statement PDFs in penny · de-dupe May 2026
Credit Cards
💳
No cards on file yet.Feed one statement per card — photo or PDF. What gets extracted: issuer · last 4 · credit limit · APR · current balance · due date · autopay status. Files land in Drive → 18 House → 033 credit cards.
Paid Through Escrow
Hazard Insurance
$6,300.11
rose from $6,051.60 · renewal ~Oct 2026 — re-shop; every $1k saved ≈ $83/mo
County Tax
$8,507.65
escrowed · verify homestead on TRIM notice
Direct Bills
🧾
Utilities not loaded yet.Feed the latest bill for each: electric · water · internet · HOA · security · pest · lawn. What gets extracted: provider · account # · average monthly · due day · autopay. Files land in Drive → 18 House → 044 house bills.
Bank Accounts
🏦
No accounts on file yet.Feed one recent statement per account. What gets extracted: institution · account type · last 4 · purpose (household / practice / savings). No full account numbers ever go in this app — last 4 only. Files land in Drive → 18 House → 055 banks.
All Debt, One Ledger
Loan 01 · Home — Pennymac #7019207214
$701,120.58 @ 5.500%
15-yr fixed · $7,396.02/mo · payoff ~Jul 2040 · full detail lives in the 022 Mortgage tab
Loan 02 · Practice ("the work")
Awaiting documents
Feed the loan agreement or latest statement → lender · original amount · rate · term · current balance · monthly payment · maturity. Files land in Drive → 18 House → 066 loans.
🔗 Once both loans are loaded, this tab gets a combined debt picture: total balance, blended rate, monthly debt service, and payoff timeline side by side.
⬆ The camera and drop box live at the top of the home screen — zero taps to get there. This tab is the manual. Nothing you scan is stored in this page; the pipeline is: Claude reads it → files the original in the right Drive folder → updates the data doc → rebuilds this app → redeploys to the same URL.
Three Ways In
1
Camera → Claude. Tap 📷 Camera / Scan at the top, snap the paper (or pick from your photos), then Send to Claude — the share sheet opens; choose the Claude app and drop it in the House project. Works from the car.
2
Drive drop. Tap 📥 Drive Inbox at the top — it opens 000 INBOX — feed here (093 claude → 18 House). In the Drive app tap ＋ → Scan to shoot paper straight into it, or upload any PDF/photo from anywhere. On a computer you can also drag files straight onto the gold box up top. Then tell Claude "process the inbox" — everything gets read, filed to its correspondent folder, and folded into these tabs.
3
Just say it. Type or dictate straight into the House project chat: "new Amex balance 4,210, due the 15th." No paper required — same pipeline runs.
Where Papers Land
| 011 | W-2s · 1099s · 1098 · TRIM notice · returns → 011 Taxes |
| 022 | Pennymac statements · escrow analyses → 022 morgage / penny |
| 033 | Credit card statements → 033 credit cards |
| 044 | Insurance · utilities · HOA · services → 044 house bills |
| 055 | Bank statements → 055 banks |
| 066 | Practice loan docs · payoff letters → 066 loans |
🔒 Nothing sensitive is stored in this page. Scans live only on your device until you share them; the app shows summaries and last-4s only.