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 received check for class settlement in April 2025 and got w-2 and 1099 Misc when requested in Feb 2026. Have 2 issues: Check received was for bigger amount than w-2 and 1099 Misc together, so what to report? Received 2 of W-2, one for wages from settlement fund with all boxes filled but without CA SDI in box 14 and other…
We have a long term cap gain but taxable income under $96,000 (joint return) and according to what I read there should be no cap gain tax when under $96,000. But yet the gain is being taxed with this software. Anyone else see this?
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…
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…
Hi, when preparing my California state tax in FreeTaxUSA, I noticed that the software is treating my HSA contributions as "California Additions to Income", hence it increased my California taxable income. However, I looked up on the California Franchise Tax Board website, and it looks like a bill was passed in 2022 to…
I have made small bets over the couse of the year. FANDUAL says that I won $2000. Most all of the beys were $1-$5. That $2k includes the bet amout plaus the win...ex. $1 bet pays $2, they say I won $3. Is this really the way the IRS taxes this? I know i can deduct losses if I itemize but I dont have enough deductions for…
I converted a rental to my primary residence and I'm carrying (for several years) disallowed deprecation losses. How can I get the application to add the correct forms? I expect a Schedule E with no rental activity and an 8582 for the loss carryover, but the application won't accept Schedule E input of zero days rental…
I have a 1099-patr. I don’t see a section of where to enter it.
It looks like you're new here. Sign in or register to get started.