I filed my taxes with a CPA in previous years but using FreeTaxUSA for 2023 tax year. On my Schedule C my CPA has been taking depreciation since 2020 for my home office (business use of home) using the mid-month straight line method at 31.5 years. However, when I input my home office expenses using FreeTaxUSA (note, I put…
In the KY return there seems to be only options for additions and subtractions to income. I can't find where to enter the details from the Fed 4562 in order to get the Section 179 revisions to populate on the correct line on KY Schedule M.
I have a partnership dispute that is holding up the release of my 2023 LLC K1. My tax consultant advised that I file form 8082 with my 2023 and estimate what the K1 values would be. In form 8082, they said I should note the partnership dispute, that K1 values are estimates and state that i would file an amended return once…
Hello, Thank you for taking my question. I sold a property in India around April 2024. After appropriate taxes were withheld, I deposited the sale proceeds into my bank account in India. I recently wire transferred the sale proceeds to my US bank account. All relevant documentation is available - sale deed, deposit slips,…
I have not changed any of my log in information, same computer, use Chrome as before, all without issues. I only have today to complete the last portion and send in, but can't log on. I have not had issues previously. When I attempted to seek customer help, again, no response from the "start" or the "send" tab. No error…
I purchased a 100% C Corp stock in August 2024. (I'm an individual.) The previous owner (Corporation) was filing a consolidated return. The C Corp which I just purchased was one of the previous owner's subsidiary corporations. So, I couldn't get a copy of 2023 tax return. Questions below. In this case, how can I report the…
I have a self employment business separate from a rental house I own. I am thus using Form 4562 for my self employment business to depreciate property. My problem is that Freetaxusa is incorrectly adding in rental loss from Schedule E into the business income calculation for Line 11, despite answer 'No' to the question,…
Hi, I have seen the option to add a PTIN and EFIN but I have a few questions: How many file returns could I send as a tax preparer? Is there an extra fee for using the software as a tax preparer? Thanks for your help!
I removed excess 2023 Roth contributions in January of 2024. I will not receive a 1099-R from Vanguard until 2025. Can I create a dummy 1099-R to pay tax on my 2023 earnings or do I need to wait for the official 1099-R and file an amended return? Is there some other way to claim the income on the 2023 earnings?
Hello, I'm a non-resident currently in the United States on an F1 visa. I have questions about tax forms and filing requirements while on OPT. I'm a citizen of India. As an OPT holder, I'm allowed to work as an independent contractor/freelancer during the first year of my OPT, and I would need to understand taxation during…
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