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…
Hello! I am trying to figure out a few things with an HSA. Opened an HSA Funded the HSA to 4150 (max individual) Found out that I was not covered, due to clerical error from insurance company. Closed the account, and given a 4760 check. I understand the excess, but how do I file the earnings on this amount (610)? Thanks!
My State Summary for Arkansas shows all my income (99% of which is earned in other state) as TOTAL ARKANSAS INCOME although I have specified that I am non-resident of Arkansas and my Arkansas income is ****. I have had multiple returns filed previously and it always showed my TOTAL ARKANSAS INCOME as it was and not my total…
Hi, I just have a question regarding paying my state taxes. I know FreeTaxUSA offers filing now and paying later, and I wanted to pay with a credit card. When I am on the section on how I want to pay my taxes it gives me Direct Debit or Mail in payment. I have seen that others have an option to file now and pay later and…
Ill try to make this short: I received amended K-1 (s-corp) in 2023 for 2021 tax year (went from loss to gain). Amended 2021 taxes no issues. Doing 2024 taxes, I see in K-1 Worksheet that qbi numbers for passthrough and deductions are for 2022, 2023 reflect the original 2021 filing as those returns were done by before 2021…
In K-1 box 20, three of the codes I have: AJ (excess business loss limitation), N, and Z (ABI Pass-through entitiy reporting) all say "STMT" and there is an attached statement with more information. Free Tax USA is asking me to put numbers in each box, but there isn't just one number in the attached statements for a couple…
There's a rental home in my name, and it's been rented for over 27.5 years; depreciation on the home has been fully completed. However, we occasionally have an asset, such as a water heater for 2024. -Should I put that down as an expense, or take depreciation for that? -If I enter it as an expense, where should I enter it…
I have Foreign Taxes Paid on my 1099-DIV. The software is forcing me to enter Foreign Passive Income. The prompt says it appears on the 1099-DIV . It does not. I have never been asked this before. I checked with my brokerage. They said they have no knowledge of it. Also, the taxes paid arent even to a specific country.. it…
I bought a stock through robinhood without knowing it is PTP k-1. And, it is Publicly traded partnership (PTP). So, freetaxUSA refuses to file my tax. Questions: i haven't sold the stock yet, but received the schedule k-1. do i need to include it in my current tax? Anyway to get around such as using a different software?…
Hi For some reason, Schwab does not have the Cost Basis data for the Mutual Fund below. They have all the other data from funds that were transferred simultaneously from Edward Jones to TDA to Schwab. I do not understand why this information is missing and from 1 day only in 2023. Obviously, I should also have noticed it…
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