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…
Hello,please i really need help and clarity, if All of my wages in 2024 were cash payments and no W2 or 1099, can you help my file for my tax return? I have 1 dependent child, In college and solely my dependent for expenses of stationary books etc.I have those receipts from his college. But I have no proof of my wages…
Hi! I received a 1098-T in which the scholarships (box 5) exceed the qualified tuition expenses (box 1). Is the difference between box 5 and 1 considered taxable scholarships? If so, do I report it on my return as taxable scholarships or would my mom report it? I am a dependent on my mom's return. Thanks!
I'm entering my S-corp income from my Schedule K-1. The form on the freetaxusa website only has fields for boxes 1-17. But distributions are found in box 19. Where do I enter this income?
Hello, Let's say I have 2 properties, A and B, both under property management. Rental income from A is $600, and from B $400. I receive a 1099-MISC from my property manager for the total rental income of $1000. No problem entering that. The program then asks, "Link this income to a rental?". Yes, I would like to do that so…
For the entire year of 2024, my e-commerce business did not have any income or expenses. I had to step away from my online business for personal health reasons. With that being said, I have entered $0 income and $0 expenses on my Schedule C for 2024. When I get to the final page before I submit. Free Tax USA gives me an…
Hello, so im trying to do my taxes from my music royalties, Im stuck on the songtrust royalty section. Songtrust provided me 2 1099 misc forms which have different amounts. Which is the accurate amount if i total them up, but the problem is one form has UK address and TIN while the other has NY address and TIN number. So…
Thanks
Hi, I received a 1099-G. The only line filled in is line 6 for taxable grant. I live in the state of MD. How do I file this?
Hi I am sure that these questions have been asked, however, I've seen different websites and calculators with different answers. I want to sell Long-Term Investments from my regular (non-Roth) account this year (2025). I will have NO income to report for this year. So... What will my Federal capital gains tax rate be? 1a)…
It looks like you're new here. Sign in or register to get started.