Hi, In 2024, I overcontributed $400 to my HSA. I'm filling out the excess removal form, and I calculated the net income attribute to be -$20. This means the money returned to me from my HSA will only be $380. How do I correctly show this on my tax return? So far I have… Will [name] withdraw part or all of [name]'s 2024…
I got married in the middle of the year and we switched to my health insurance family plan. I didn't take into account my wife's previous HSA contributions so I over-contributed to our family HSA by $497. I'd like to make this count towards the following year. I understand that there will be a 6% excess tax for leaving the…
I acquired a stock I sold in 2023 at various dates and on line 1b for Date acquired all schwab says is VARIOUS. I cant input that on FreeTax. Any advice?
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…
I can't seem to get no where trying to get a refund for the service fees I was charged for Tax Year 2023 and 2024 that I was not able to completely file? Is this intentional on the part of FreeTaxUsa for the customer of not having a way to get a refund on what was taken from their bank account?
SITUATION: I contributed a traditional to Roth IRA conversion for both tax years 2023 and 2024. However, I actually made both contributions in April 2024 (before the cutoff, so that 6.5k counted for 2023, and 7k counted for 2024). On the 1099-R I received from Schwab for tax year 2024, box 1 reads 13.5k (6.5k + 7k).…
I got married in 2024. I lived in Michigan until the marriage, then moved to Maryland. My spouse was in Maryland for the whole year. I've seen similar posts for different states, which showed helpful state-specific information. What should I know, and what's the best way to file in my situation? Thank you
I met all the requirements to execute a 529 to Roth IRA direct rollover, and rolled over only the allowed amount per the annual limits. My MAGI means I would not be able to typically contribute to the Roth IRA at all. For the 529 rollover, how am I supposed to log this? Vanguard shows this as a contribution, so I don't…
Scenario >Receive 1099-K from ebay reporting ~200 transactions. >All but a few of the ebay transactions are of personal property gifted to me more than a year before the transaction; almost all from an estate reduction (not inheritance). No collectibles. The gifted items were acquired by the donor between 4 and 55 years…
My wife and I want to file separately for student loan repayment reasons. I had a 1099-G and she had a W2. I know we ultimately add together our totals and report 50% of each, but I am struggling to understand how to do this using FreeTax's systems. I know they cannot submit the return, but I assumed I could fill out their…
It looks like you're new here. Sign in or register to get started.