This year’s return is rare for me - I have both capital gains and losses. After completing my return I noticed that I wasn’t asked if I had gains or losses last year. Where on my return do I find the page/box to input that information? Thanks and regards, jakefromPA
Do we report them on form 1040, on line 6a, like US social security benefits, or on line 8 as additional income from schedule 1 line 10? I have dual citizenship and live in the US, and will receive social security from Switzerland and from the USA. Not sure how the Swiss social security will be reported and taxed. Thank…
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've been filing my freelance computer programming income as self-employment for the past 18 years (and it was my only source of income until 2019), but I'm now retired (72), living off Social Security benefits, and my programming work is only bringing in $2-3K a year. Would I be better off filing my programming income as…
I have recevied a check for a class action settlement I signed up for that is just under $500, it is a google settlement about personal data so it is not physical injury or paying funds owed. I am wondering about what the tax protocol for that is and am having a hard time finding that online. Just trying to plan ahead of…
Per 2025 IRS 1040 instructions: If the distribution from your IRA is fully taxable, enter the total distribution on line 4b; don’t make an entry online 4a. On the 1099-R for this distribution, my entries are: The Box 1, Box 2a (same $ amount on both lines) Check 2b, taxable Amount Not Determined Box 7 dist code = 7…
If I have gambling winnings w-2 to claim on my taxes and I also have gambling losses to claim, how do I file on FreeTaxUSA?
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?
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…
Freetax did not create this for my 2025 return, as it did for 2024 and years before. I asked the chatbot but just got a "cut and Paste" response exactly the same as the vague language in the Support Center "if a Schedule SE is needed Freetaxusa will automatically create one" Does anyone else have this issue? I resubmitted…
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