Scenario: W2 Income for Q1 only (retired for example; Dividends, Stock sells, and Roth conversion for Q4. Estimated tax payments are very small for Q1, Q2 and Q3 with 90% of the estimated payments happening in Jan covering Q4. You slightly overpaid in either withholding or estimated taxes and are due a small refund - let's…
I have two 1098s both for my main home (1 mortgage and 1 heloc). When I go to enter the info for amortizing my points over the life of the loan it take me to a “Tell us more about each loan shown below” page and there are 3 spots for bank/lender info .. I don’t have 3 lenders to put in (only 2… one heloc and one mortgage)…
I recently performed a return of excess contribution from my Traditional IRA for 2024. Since this contribution received earnings, I'd like to report this as a 1099-R for my 2024 return (rather than waiting until next January to amend it). Which code should I use in box 7? Anything else I should know about how to enter this…
i unfortunately submitted my joint return without including my child's small investment income on my return. they did have to file last year… can i still push through their individual return or do i have to amend my return to include their ~3.5k in -div and cap gains? I am trying to go through a new return for her but it…
My son has over $1400 in dividends this past year. This is the first year I'm doing taxes myself and am glad I've found FTUSA. Do I need to set up a separate account here in order to file his taxes? Or is there an option to create another "within the family" tax return under just my account? Thank you!
Hi, I uploaded my Fidelity consolidated 1099 into FreeTaxUSA. It mainly had: Dividends from SPAXX (money market fund) and TFLO (Treasury floating rate ETF) Interest from short-term Treasury bills From the forms: Form 1099-DIV: Box 1a shows $1353 in ordinary dividends. All other boxes are zero. Form 1099-INT: Box 3…
The business code I have used in the past is 541519, however the closest number I can get to on FreeTaxUSA is 541510. Is there a way to get the number I need, or should I use 541510, or unspecified?
Hi Everyone! This is the first time I've used this platform to do my taxes and I've been fighting some glitches along the way. For example, how do load the previous year's taxes? I haven't been able to find where to do it & the system never gave me an option to do it when I started my taxes…PLS HELP!!!
i only have interest income from savings accounts reporting on 1099-INT. Last year, I filed state tax 2023 in CA with the same source of income. I relocated and lived in NC in 2024. I did not earn any income in both states other than the interest income from bank savings accounts. Question: Do I have to file tax for both…
My regular job is full time salaried(W2), I got my real estate license(associated with brokerage) last year, this is a part time weekend job(commision based), I would like to claim expenses related to real estate exam, association/brokerage fees and other subscription expenses via Schedule C, can I do that? If so, how can…
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