Best Of
-
Re: Dependent Care FSA
Hi mtexter, Make sure that the dependent care benefit (DCB) is applied on the Child and Dependent Care Credit page. If you do not designate that it was used for dependent care, then it is added to in…1 -
Re: What’s the business hours for pro support?
Hi Seany, Our business hours for Pro Support generally run from 8am to 6pm M-F Mountain Time. After you add Pro, you may start a chat right away with a tax expert.1 -
Re: Dependent Care FSA
Hello Mtexter, Keep in mind that the FSA amounts, "withheld from my paycheck" is a pre-tax deduction and does not qualify as an expense for the dependent care credit. You already reduced yo…1 -
Re: eBay 1099-K – How to enter 8949 Adjustments to Gain?
Hello hit_4_show: GeorgeM has provided me with some clarifying information to his recent post, specifically with factors to consider to determine if your selling activity is a business or a hobby; af…2 -
Re: eBay 1099-K – How to enter 8949 Adjustments to Gain?
Hello hit_4_show: From your post it appears you have already entered your sales of personal items for which you received a 1099-K, and may have already filed your tax return. Therefore, we will just …1 -
Re: 1st RMD taken in the following year, after turning 73
RMDs don't get attributed to a particular tax year. You just need to be able to show that the a sufficient amount to satisfy the required distribution was withdrawn by the deadline, which was the cas…1 -
Re: Capital loss carryover from two years ago?
You need to look at your Capital Loss Carryover Worksheet from each year to see how your carryover was applied. You might not have needed the full amount this year if your taxable income was reduced …1 -
Re: Summer job in Europe
Hi Lordnimon, Unfortunately, we do not support reporting foreign earned income, at this time, in FreeTaxUSA with the ability to claim the foreign tax credit or avoid paying additional FICA tax on the…1 -
Re: Calculating Roth IRA basis for filing 2024 taxes
Hi wizfan, It sounds like you took an early distribution from your Roth IRA. Is that correct? If so, your 2024 contributions typically will not be taken into consideration when determining how much o…1 -
Re: **Please Help** Premium Tax Credit software error!
I apologize that the 0% allocation will not allow you to e-file your return. The IRS has what is known as a "business rule, F8962-048". The IRS rule is set up so that if you aren't claiming…1
