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)…
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…
We have a rental property that is owned by an LLC. The property is use for both rental and personal use (more than 14 days). I am a partner in the LLC. As a partner I receive a K-1 form from the LLC with losses from the LLC. These losses are reported on Schedule E of my personal return. IRS Publication 925 states…
I am helping my daughter amend her tax returns because she realized that there was a Form 7203 attached to her husbands K1. It shows the shareholders allowable loss and deduction. Does Free Tax USA support adding in these amounts, His current allowable loss from his stock basis is less than current year losses and there…
For Box 1a, it says as an example to enter 100 SH. ABC Company. How to you enter a fractional share? For example, 3.345 SH. or another example .45 SH.
I opened my business in 2020 and never sold anything but now I am set up to sell online. I want to make sure I file correctly.
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