I have excercised options from my employer which is privately held. I have the form 3921 and AMT calculation has to be done on my returns to determine if I need to file under AMT. How do I do that here? I cannot see any option to do the AMT calculation or enter details from 3921 in Income section. Is it under Misc?
We had a lucky streak with multiple W-2G’s from the same casino. Can we total and consolidate the entries, or should we enter each W-2G separately? Thank you very much for your help!
As for Qualifying Dispositioned ESPP, my company does not include the discounted price in the W2. How can I add it as a compensation income in FreeTax USA?
Hello all, First, thank you for your help in advance. My wife received multiple stipends from The Early Learning Coalition for attending and passing classes related to her job as a Teacher. She is NOT self-employed and received a 1099-NEC. The instructions that apply to her on this NEC states as follows: "If you are not an…
Hi, I received a 1099-K from Paypal from selling some tickets on StubHub (several transactions totaling between ~$2k-3k). These were my personal use tickets that I ended up selling because I could no longer attend. I do not have a business doing this. The 1099-K form shows the gross amount I received and does not take into…
I have a loan through a co-op for a piece of land that is NOT part of a business is NOT for-profit. Generally, it's just some land. My co-op sends me a 1099-PATR showing patronage dividends. I entered this in FTU as Business Income on Schedule C, as the FAQ suggested, however, the system then generates self-employment…
I was putting in my 1099INT and there are 2 places you can choose: Internal Revenue Service or Bank. The only 1099 INT I have came from my bank. Do I delete the IRS area? Do I put my 1099 in both places? Thank you!
I am a student in a non-compensatory role who receives a stipend categorized under a 1099-MISC every year. When I put it into the software, it notes that I have an excess Roth IRA contribution this year due to the 1099-MISC not counting as "earned income". Is that correct? A few sources online I've seen note that since…
My LLC is currently inactive with both $0 income and expenses. So, as far as I know, Schedule-C does not need to be prepared. but I still need to file 8995 to report loss carryforward. However, FreeTaxUSA requires me to add a Schedule-C to file 8995. Problem is that if I set the income and expenses on Schedule C to $0, I…
For the entire year of 2024, my e-commerce business did not have any income or expenses. I had to step away from my online business for personal health reasons. With that being said, I have entered $0 income and $0 expenses on my Schedule C for 2024. When I get to the final page before I submit. Free Tax USA gives me an…
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