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My son was born in 10/2025. His ssn was issued in 2/2026 He was born outside the US, but i got his us passport already through US consular. He lives with me from He was born until now. Can I claim him as dependent through HOH to get CTC / ACTC of 2025 tax return? I already filed the extension. Many EA said I can claim him…
completing our taxes with Free Tax USA, how would I incorporate this form into my completing tax for electronic federal & state filing?
Hello, In recent years FreeTaxUSA was not able to attach Form 1116, the Foreign Tax Credit form, to my Federal Income Tax Return Form 1040. Namely, as per Form 1116 instructions, even though my foreign tax credit was related to interest from a CD in a foreign bank, since I do not receive a qualified payee statement from…
I’m using FreeTaxUSA and have a question about QBI aggregation. I have two businesses for the tax year: A sole proprietorship reported on Schedule C An S corporation reported on a K-1 Assuming both businesses meet all of the IRS requirements to be aggregated for QBI purposes, how do you actually enter the aggregation in…
Been going through the posts regarding adjusting the etv (estimated tax value) and 1099nec that Amazon sends us for reviewing products. We make no money off this by simply reviewing, but we're still sent a 10099nec due to the bartering we're doing. I've seen some articles answering this question saying: 1. The 1099 NEC…
Hi - Recently migrated to FreeTaxUSA for the 2025 year and cannot figure something out. My 2024 AMT Form 8582 shows a $10,159 unallowed passive loss for my partnership, while my regular Form 8582 shows $1,526. I entered $1,526 under Partnership Loss Carryforwards. Where do I enter the separate $10,159 AMT carryover for my…
Hello, I contributed the maximum to my Roth IRA for this year in Jan, and discovered that my income will exceed the $155k single filer limit by the end of the year after performing a large Roth conversion in my 401K. Will I receive a 1099-R before the April 2027 filing deadline if I remove the excess contributions and…
Trying to summarize a long story, I made an error when trying to perform a backdoor Roth IRA in 2025 and accidently recharacterized my Traditional IRA contribution to a Roth instead of converting it. In 2026 I recharacterized it back to a Traditional, and then completed the conversion to Roth as I should have done…
I need to file 3 years of returns for our small LLC. I believe I will need form 1065. I wanted to confirm that before moving forward. The business hasnt made any profit but I still want to bring everything current. Can you confirm what form I will need to file?
Hello, I'm looking to get some guidance because of a change in status. Here's a timeline of events: I filed 1040 as a single filer status in 2025 by mistake since I got married in 2025. So I filed an Amended return to correct the status as married filing separately, removed the student loan interest as it is no longer…
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