In 2025 I participated in a paid fellowship program with the University of Texas HSC - Houston for a professional certification. Disbursement of the funds required completion of milestones at various intervals throughout the fellowship program, and continued participation until the fellowship ended in August 2025. What…
Which year do I put down for my NYS inflation refund check? The 1099-G says tax year 2025 in box 1, but obviously that's not an option for my 2025 tax return. The payment was based on my 2023 tax filing status and income, would I say it's a refund from 2023 then?
Hello, My understanding is we need to declare the life insurance policy details as part of the Foreign Investment and it is needed to declared on FBAR as well as Form 8938 depending on the amount. But I wanted to check whether should we declare the life insurance in the foreign country also declared in this form 8938.…
I worked in a different country for 3 months and was deducted the foreign taxes in that country. I did not receive a W-2 or any US tax form of that sort. Where in FreeTaxUSA can I file this? If it is not supported, what can I do?
I am trying to enter information from the sale of units in a partnership. According to https://www.freetaxusa.com/forms-federal you support “Partnership or S corporation income (Schedule K-1)” form 1065 and you also support federal forms 4797, and 8949. On the same page at the bottom under "Items not Supported", I don’t…
The 2025 IRS Form 1040 instructions page 23 stipulates the following: Report distributions from foreign pension plans on lines 5a and 5b. This is the way I have done it (manually for years), however in FreeTaxUSA the only way I can access those lines (5a and 5b) is by creating a fake 1099-R. Is this the recommended method…
I have seen similar posts, but that do not answer my question about reporting income on excess contribution using FreeTaxUSA softwared. ---When working on our 2025 return (in February 2026) we realized our 2025 MAGI income exceeded limits for Roth IRA contributions. ---We notified American Funds and they returned the…
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 wife & I both received checks from the settlement of a Class Action lawsuit. The lawsuit had to do with the retirement program offered by our former employer. Federal taxes were withheld from both of our settlement checks. I thought that I'd enter this income as Other Income but that option doesn't provide me with an…
In 2024, I had a property that we lived in for January and February, then rented out starting 3/1/2024 through the end of the year. Thus, I figured I had 60 days of personal use of the property and 306 days of rental use, about 83.6% rental use. My question concerns the allocation of expenses for the rental property…
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