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…
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…
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?
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?
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!
Our son(19yo in college, dependent), has total income of about $6000, which includes some W-2(~$2500) and some miscellaneous/other income(~$1800), and div/CG(~$2000) from a mutual fund. As a dependent, his standard deduction should be calculated as his earned income plus $450(so about $4350). But FreeTaxUSA is not adding…
Hello I am trying to figure out how to claim income from 529 account. Money was withdrawn from this account and is not being used for education expenses. The form we received has a value for box 1, none for box 2, and an account number for box 3 which does not fit into the box on the Free Tax USA software. What do I do?
My K-1 Line 20 Z (199A) lists 4 different companies with various answers for QBI and UBIA. The software asks for my main K-1 information then when I get to line 20 I only have the option to enter for 1. If I create a different K-1 for each listed company venture for Line 20 Z aren't I entering the main page information 3…
Hello, Does FreeTaxUSA capable of handling 1031 exchange of like-properties for 2025? If not, any scope of adding this feature at least for 2026 or within the next couple of years? Thanks, Dinofan
I received a CCC-1099-G from the USDA FSA for CRP Annual Rental payments (not really rental). From what I read online, it appears I need to enter the details on the Schedule F. I am not self-employed and don't have a farm business. I selected cash accrual even though we don't have book records. I got to the page where it…
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