Hey Folks, Main Question: How to you use FreeTaxUSA for NJ State Tax Filing? Specifically when dealing with LLC income and expenses Context: I'm using FreeTaxUSA to file Federal and State (NJ) taxes I've used many times before The difference this time is that I'm also doing my Single Member LLC taxes Federal taxes have…
I withdrew $20,000 from my 457b plan which is exempt from nys tax but I cannot find where on the tax form that marks it as exempt from nys tax? it shows up in my taxable income.
Hello, When entering information about a rental property there is a question: "Is this rental activity considered a business for tax purposes?" What are the implications of selecting 'Yes' versus 'No'? The property is a 3 family home in which I occupy 1 unit and rent out the other 2 units.
Hello, in 2024 I was a California permanent resident while attending university in Illinois. For the final few months of the year I became a graduate student and received a W-2 for most of my income (which had Illinois and Federal taxes withheld). I also received a Graduate Fellowship totaling a little over 2600 for FY…
Hi, In 2024 when I still lived and worked out of state in January and February, I earned money at a job and they sent me a W-2 form for most or all of what I earned, $6,192.35, also a family member gives me money very frequently to help support me, but maybe part of the time to pay me for chores maybe no more than $4,000…
Where do I enter my business 1099-INT so it is reflecting my Schedule C? I only see 1099-MISC & 1099-NEC for my business and 1099-INT for personal interest. The 1099-INT was reported under my EIN.
I purchased a home in 2022 that had a large side lot contained within the boundary. The land was subdivided in 2024 and an additional lot was created and sold in 2024. The lot was sold for 180,000 but gross proceeds on 1099-S says 90,000. I’m unsure what to put for the land value of land at purchase.
Hi, I was unaware that i should not be using free tax USA to file my taxes as a F1 student and did file my 2023 taxes using this. Can you please help me if i can amend this, and file the returns using any other website?
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…
This is my first time having to complete the Net Investment Income Tax Information (Form 8960) because of capital gains on an investment. FreeTaxUSA automatically put in the dollar values in the section I copied and pasted below. Where did FreeTaxUSA get those dollar amounts? Can you explain how they come up with those…
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