Hi. On form 1099-R, Box 15, it asks for "State/Payer's state no." What State should go there? The "Payer" is TIAA, which is located in NC. My job was in NY. (I will file as a non-resident.) My residence is in FL. The 1099R was completed by TIAA and they put "FL" in Box 15. Is that a mistake? BTW: Box 16 "State…
Hi. On one of my 1099-R forms, it encompasses three distinct events: two distributions from a regular 403b to a rollover IRA ($17K and $224K), and one distribution ($150K) from the regular 403b to a Roth IRA. The last question on the pages asks: "Did you roll over this distribution to a Roth IRA?" It does not let me…
Hello, I was looking for advice regarding my current tax situation described in the example below: I worked at company X (private and not publicly traded) and received ISO stock options. I exercised 10 stock options at value $1 per stock. The FMV at the time of my exercise is $5. I sold 5 stocks within two months (held…
I cashed in an annuity that was paying very low interest. They may have sent a 1099, but I am not able to find it at the moment. Do I need it? I know the amount —- I suspect I can just enter it on the spreadsheet, if I knew WHERE. Any suggestions?? Thanks, in advance.
Hi Tax Experts, I'm a New Jersey resident working in New York City, and I'm using FreeTaxUSA for the first time to file my tax returns. I've encountered an issue that I hope someone can help clarify: Current Situation: Resident of New Jersey Employed in New York City Using FreeTaxUSA for tax filing Problem: The final…
Are tips reported or treated differently than regular income for self employed. My housemate receives tips at her business. Cash tips she keeps track of. Credit tips are included in the sale. We might be able to estimate them; but there wouldn’t be a record. A related question, should tips be reported separately from…
It says this form is supported, it's hard to believe no one has asked this question before….
I have an DC FSA for $2500 but I only used $2000. $500 will be forfeited. In the last screen, there's a warning says $500 will be added to income. Is this correct? That $500 is something I never see so it doesn't make sense to add that to my income. $2500 is reported in box 10 of my W2 but there's nothing to indicate it's…
I converted $11,000 in IRA contributions to Roth IRA in 2024 ($4K in 2023 contributions and $7K in 2024 IRA contributions). It was a total conversion. It's showing that I owe tax on the difference between my conversion amount and the current year contributions ($11K-$7k=$4K). What am I doing wrong?
Are rebates from utility providers income if sent as a cash transaction separate from the utility provided? I have received this rebate from Southern California Edison in 2024 for having obtained a used electric vehicle. SCE calls this a rebate, but this was mailed to me as a check and not directly credited against an…
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