While doing my taxes in FTU, it was brought to my attention that I made excess contributions to my HSA. In total, $642 was in excess. When running through to prompts it asks "Did April take an HSA distribution in 2024?" Technically, no but it is prior to the filing date that the excess was caught and rectified. The check…
My son started college this summer. We got a 1098-T from the college. Where do I enter this information?
Hello, I did not take the itemized deduction in the first year (2021) I purchased my home (primary home) since the standard deduction was more beneficial. Instead, I am amortizing the points paid. I entered the mortgage interest information from Form 1098 (2024) in the "Your Mortgage Interest" screen and selected the…
I received a Form 1099-MISC for $5,000 as a lemon law settlement related to a defective personal vehicle. This amount was reported in Box 3 of the 1099-MISC. According to IRS guidelines, this type of settlement is non-taxable if it simply reimburses me for a loss and doesn't exceed my original cost — which is the case…
how do i add a home energy credit to my return
I had a lot of medical expenses and still paying them off. Can I add these to my taxes and what is the limit??
This page @ IRS https://www.irs.gov/credits-deductions/home-energy-tax-credits links to this page https://www.energy.gov/policy/articles/making-our-homes-more-efficient-clean-energy-tax-credits-consumers Which says that Heat Pumps are deductible, up to 30% of cost. But your software won't allow me to select anything about…
my mortgage was sold to another lender and now I have 2 1098, and don't know how to file them. can any help me with this problem?
I rent some web hosting from a provider, I paid for several domain names, and I subscribe to a few services that assist me in my work. How do I claim these?
I'm looking to claim the Energy Efficient Home Improvement Credit for a second home which I reside in some of the year and I installed electric heat pumps. If you begin the Home Energy workflow, if you select the option that the improvements are not for your main home, the only options to claim are on Part 1 of form 5695…
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