I am filing 1040 this year as I am a full-time resident in the US for 2024. I, however, received a 1042-S with income code 06 , apparently for dividends while I was in Canada. There is some income and Federal Tax withheld in the 1042-S. Since this is not reported on any 1099-DIV etc, how do we report this when using…
I was both an Australian resident and a US resident in 2024. I earned a small amount of wages in Australia and also received unemployment benefit. The only place I seem to be able to enter either of these is under 'Uncommon Income / Other income'. Is this correct?
When reporting my excess Roth IRA contribution withdrawal, should I enter the original excess contribution amount of $7,000, or the adjusted amount of $6,992.28 after accounting for the $7.72 loss? There's a field asking ‘Enter any 2024 Roth IRA contributions you withdrew" and I'm not sure which amount to put.
Are premiums paid for hospital indemnity & critical illness insurance plans tax deductible? If so, where to report the payments on the tax return?
We have started a multi member LLC at home. Me and my wife are members. Can we use FreeTaxUSA to file our last year Tax ? If yes suggest the steps.
I filed for a tax filing extension for federal taxes and put in that I was goning to get a refund, and it was accepted. But I now realize I calculated things wrong and I actually will owe a bit of money. Is there a way to fix the extension form? Or should I just send the IRS a check for what I owe (and if so, where do I…
My ex spouse paid me half the value of our house as part of the divorce settlement. Do I need to claim that amount of money? also my divorce was finalized last year last year and I officially changed my last name this year. (Including social security). Do I file my 2024 taxes in my new name or my old name?
Hello! I rolled a 401k account into an IRA and received a 1099-R for this. After the account was roller over, there was ~20 dollars left over in the account that was cashed out and sent to me as a check. I did not receive a 1099-R for this. From what I've read, you can send this to your IRA manager within 60 days of…
I do independent contract work for a client who pays my invoices via PayPal. This year I received a 1099NEC from the client as well as a 1099K from PayPal for the same overlapping income. I am not sure what to do in this situation. It is appearing as if my income is nearly double what it truly was.
So, I made 7,000 contribution to my roth ira in 2024. In January 2025, I realized, I was above the income limit. I contacted my broker and they did a return of excess in January 2025. I did make a profit of approximately 1000 dollars. How do I report this in freetaxusa? I wont receive my 1099-R until next January. Please…
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