FreeTaxUSA is saying that I didn't enter any costs for Residential Clean Energy but I have entered a HVAC system and have a $600 credit. Why is is saying this?
Hi. For a friend of mine, if he has a second home (co-op apartment in NYC) that he visits on occasion, is that considered on a "transient basis" and therefore not eligible for AMT? (A "second home" by nature would seem not be lived in 100% of the time, so I'm not sure how a second home can be considered a "qualified…
I installed a solar system on our home in 2024 and can see the tax credit on the Federal Form. Where is this shown on the South Carolina State form? I was surprised that I still owed a small amount of taxes for the state.
QUESTION: How do I account for my health insurance provider's premium pass through to my HSA? I have a high deductible health plan and max out contributions to it - in 2024, the max was $8,300 for self+1 and family. My health insurance had a premium passthrough of $2,000 for 2024. I did the math wrong in 2024 and…
My husband and I both purchased an electric vehicle in 2024. We used our own SSN for each. We have not used the tax credit before and were advised as long as they were separate SSNs we could qualify for it. We transferred both to the dealerships so we got the instant credit off the purchase. When we go to file, “married…
How do I get to the screen to enter college room and board expenses? I have a 1098T entered. I took a distribution for my 529 plan and I qualify for the AOTC. Funds for the 529 plan were not used to pay for expenses that qualify me for the AOTC. I am trying to enter the room and board expenses yo show that all of these…
Error on deposit refund box Wrong account number on my feder
My wife and I have <$100k invested in a startup (S-corp) that went under this year. The owner said all operations are paused and the stock issued for our investment is worth $0. According to Section 1244 of the Form 4797 instruction form (https://www.irs.gov/pub/irs-prior/i4797--1995.pdf), this small business investment…
the only option on the Home Energy Credit screen is for Geothermal. Where do we enter our new heat pump for our primary residence?
IRS: Assets Not Required To Be Reported ……. 2. A financial account that is maintained by a dealer or trader in securities or commodities if all of the holdings in the account are subject to the mark-to-market accounting rules for dealers in securities or an election under section 475(e) or (f) is made for all of the…
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