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For context: I am an independant contractor hairstylist and I got a 1099-k form in the mail from my point of sale system, but was told to file all the income under Schedule C as Business income. All my card transactions, including tips, are all added together as a gross amount on my 1099-k form. I keep record of all my…
Hello, Fidelity processed my Return of Excess Contributions, returning my excess contributions + earnings from 2025. I was wondering whether I should just put the contributions that I withdrew in the "Excess Roth IRA Contributions" section, or if I should include the earnings as well. Let's say that I contributed an excess…
I paid the 4th quarter estimated taxes in 2025 and my city's local individual earnings tax (for calendar year 2024) in 2025. I forgot to include these in my federal and state tax return, which have both been accepted. I should be including these payments in my 2025, correct? If so, can I amend my returns now? Thank you!
I am over 59-1/2 years old and have had the Roth account for over 20 years but "taxable amount not determined" is checked, "distribution code" is T. Fidelity said "they must remain neutral; cannot say if it is qualified or normal" even though they acknowledge no taxes are due. It looks like I owe over $24,000 in FreeTaxUSA…
For the question "Choose the foreign country where you had x in foreign taxes paid", the closest I see are Various and Other Country. I don't see RIC. What do I do?
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…
Good afternoon, I cannot find how to report non-dependent qualifying child on my return. it states that i can file as Head of Household (HOH) filing status due to the fact that I have a child who is a qualifying person but not my dependent. I am not to list my child as a a dependent. On the 1040 there is a specific line to…
i’ve heard it’s a new 2026 code but it’ll automatically put in either T or P.
Hello, I accidentally put the wrong bank account information for my state tax return, and the state tax has already been submitted and accepted. What do I need you to do to fix this? Is there a phone number i can talk to, or an email where I can ready out to for this issue?
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