Yes I got in contact with the IRS and since I pay for audit protection, i allowed for them to take the money out of my refund. So now what happens is it goes to their bank, which is green dot and after they take the money, that there owe. Then they'll send you your money to your account. And that's what I was told by the…
For Form 8960 (Net Investment Income Tax), Line 9b allows a deduction for taxes properly allocable to net investment income. According to IRS Reg. §1.1411-4(f)(3) and the Form 8960 instructions, the deduction base is not subject to the $10,000 SALT cap used on Schedule A. Instead, the IRS allows the full amount of…
How do I claim the excess withheld taxes
I'm new for using FreeTaxUSA. When I try to report my 1099-B form my brokerage Interactive Brokers, I find out that no place in FreeTaxUSA to enter the infomation in lines 8, 9, 10, 11 of 1099-B. Anyone can help? Thanks in advance.
This year I have a NOL, and based on my understanding, the return should include a form 172 Net Operating Loss. The software correctly calculated that i have a NOL and I should be carrying it forward. However, I do not see any mention in the UI and when I preview my return, it does not have a 172 attached. How can I file…
I was fined for not filing estimated tax for 2023 I was not aware it was necessary ,I have never filed estimated tax all the time I have used freetax nor was I advised by freetax to do so ,I have since had withholding applied to my pension account, I am concerned about filing for 2024 will I be fined again
I filed single but im married and been separated for 4 years. Do I need to change this?
I've been using FreeTaxUSA for all my tax needs, but I was just a student, so the taxes were just W2. This time (next tax season) around though I will also have 1099s as well, that too from two different brokerages, and I would actually have two wash sales across the brokerages. So, in order to simplify things I'll…
where do I enter the cost of goods sold? It is nowhere on the income tab.
Hello FreeTaxUSA Community, I'm seeking guidance on how to file my taxes after receiving Form 1042-S instead of the expected 1099-MISC. Here's a brief overview of my situation: I am a resident alien who has lived in the U.S. for over 5 years. Last October, I completed a personal service contract with a university. Despite…
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