I have a rental property for which I file a Schedule E. I depreciate the property (not including land value) and any improvements I make to the property. All assets are depreciated using the 27.5yr SL method with Mid-Month conventions. None of the assets were placed into service in the current year, nor were they in their…
Where can I find form 1116 on freetax USA if I dont have a K-1 or 1099-int?
Can I use FreeTax USA to do my own taxes if I'm a contract background investigator, a 1099 employee?
My return was rejected because I'm missing sn ip pin. I have the pin but I cannot figure out where to enter it. Another thread says to open up "misc" from a drop down menu. There is no drop down menu with a misc option. Please help...
Federal tax return question… It appears that three total stock splits (two regular and one reverse across three different stocks) resulted in long-term losses totaling a little more than $60. My brokerage fund issued no 1099-B for these events (which were my only stock "sales" of the year). Apparently, I need to cajole…
My wife doesn't live in the USA. She has never traveled to the USA, meaning she doesn't have a SSN. Can I file my taxes as a single person?
All of my credit and debit cards are being declined. Is there a problem with the payment system for tax year 2020? I have never had an issue before and the same credit card was approved on the 2021 tax return a few minutes later. However, I tried again on the 2020 and still declined.
I am stuck at the "Enter your basis in Roth IRA contributions" section of my tax form. In 2024 I closed and did an early total withdrawal of two Roth IRA accounts (One with a $2,142.44 distribution with $0 federal income tax withheld and another with $1,810.90 distribution and $181.08 federal income tax withheld) My total…
I lived in AZ throughout 2024 while wife was in MS from Jan to September then moved to TX for the rest of the year. I know it's a bit complicated and maybe would open 2 or 3 accounts to file state separately. Still stuck how to go about it.
I made $7000 non-deductible contributions to my traditional IRA account for year 2024 and $6500 for year 2023. The 2023 contribution was done in 2024 before April 15. The immediately I converted all of it to Roth IRA. Because both contributions and conversion were made in 2024, I got a 1099-R form from my bank with the…
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