My Father passed away at the end of the year 2024. My parents have revocable Trust that they made together. The way the Trust was written is that if one person passes away the other one takes over and it is still revocable. My mother filed her final joint filing personal tax return indicating my father passed away. My…
i low income cause of disability. have not used any ira..will file my first ira distribution and a roth rollover to minimize rmd when i in 70s i read and think.i doing correctly would still **** someone to review that. first ira distribution, text complicated. can freetaxusa help with that or better to go local with h&r…
I had received two W-2 forms from my company for this tax season. I believe one was from my time as an hourly employee early last year and and the second is for my time as a salaried employee from the second half until the end of last year. They have the same EID number. Should I add the numbers for each box to enter them…
We sold a property that qualifies for a $250k capital gains tax exclusion. This property was a home for several years, after which it became a rental property. We have tracked the property's depreciation while we rented it, and we know that up to 25% of this depreciation will be recaptured. The property sold in 2023 and…
Box 1 wages plugged in Box 2 fed witheld plugged in Box 3......... Everytime I put the # In 27,****....it reduces it to 2,7xx! What is happening here?
I would like to fill out an IRS Form 4547 for a new dependent born in 2026 who is eligible for the pilot program contribution (part III - pilot program contribution election). Because I cannot add this dependent for the 2025 tax year, my only option is to file and e-file Form 4547 with my 2025 tax return. How do I do this?
So everything is entered correctly and my taxes are not complicated. I’ve used Taxfreeusa for years, always filing MFJ. Line 15 is “Taxable income”. The number is 82,984. Line 16 is Tax and shows $9,144. But using the IRS formula it is $9481!!! They use the formula (as far as I can find online, unless it has changed) of…
Due to missing information I was unable to complete my taxes the past 3 years. Needed 1095 A forms. Attempted to file each and irs denied. Was unaware/didn't understand what issues were. Did research and figured out issues. Spoke with irs and market place had 1095 A forms mailed for each year . Ready to file all past years…
Greetings! I could not use freetax a few years ago when I did a 1031 exchange. The software did not incorporate it. My guess is it is very complex to report. Can it handle the sale of a property, however, that is from the exchange? Therefore a cash sale, not another exchange. Thank you.
Hello, I have sold a residential rental property that I have depreciated in past years. How do I addmdepreciation recapture to my 2024 tax return? Thanks.
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