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Re: Capital Gains Tax Question
Thank you for this question MintchipLover. Yes, FreeTaxUSA does support the Sale of Main Home treatment. There are pages that you will need to visit within the Income section for the Sale of Main Hom…2 · -
*Please Help* How do I remove form 8962 from my tax return
The software is saying that I qualify for a form 8962 and it automatically is adding it to my return. However, I know for sure that I do not qualify for the premium tax credit (PTC) that form 8962 is…1 · -
Re: Using Free Tax USA as a tax preparer
Greetings Curiara and welcome to the FreeTaxUSA Community! I used FreeTaxUSA to file the tax returns for some family members, so I added my PTIN, EFIN & EIN since I was paid to prepare the return…1 · -
Re: Using Free Tax USA as a tax preparer
Wonderful! This was really helpful! Now I know how to prepare for next season.1 · -
Re: Using Free Tax USA as a tax preparer
I thought that you might be interested to know that I reviewed my EFIN activity through E-Services and each of the tax returns that I submitted through FreeTaxUSA are accounted for.2 · -
Re: Depreciation of my home office, when I prev claimed it, stopped for many years, and want to resume?
Thanks, Rachels! I had a feeling it would be problematic and/or complicated. I think your suggestion to use the simplified method is the right way to go. The path of least resistance.1 · -
Re: Using Free Tax USA as a tax preparer
If you do not enter paid preparer information in your account (menu path: Misc menu > Paid Preparer), you can only prepare 5 returns with the same email or phone number. If you enter your paid pre…2 · -
Re: Depreciation of my home office, when I prev claimed it, stopped for many years, and want to resume?
Hi bscivolette, The date our software asks for is the date you first started using the home office for your business. If it is a different business that you are using the home office for now, then yo…2 · -
Re: How come the more deductions I enter in Schedule C, my federal refund amount is reduced?
I would recommend filing an accurate return, so accurately reporting your business expenses on your tax return. If your business is audited, the IRS may investigate everything and wonder why you didn…1 · -
Re: How come the more deductions I enter in Schedule C, my federal refund amount is reduced?
Hello, Is your income overall low? (like 10-15k? It can be a bit higher if you have dependents). If so, what may be happening is that you are getting the Earned Income Credit. The earned income credi…1 ·