I faced something similar a while back when a part of my hospital bill went beyond the initially authorized amount. At that time, I assumed “authorization” meant everything would be covered, but later realized it’s just an estimate based on available details—not a final commitment. The insurer usually reassesses the full…
I have an airbnb rental. My average rental days is less than 7 days and I actively participated in the business. I read up on airbnb reporting guidance that I should report my rental activities on Schedule E. However, when I use schedule E in FreeTaxUSA, it's default to be passive income. What do I need to do to make it…
This year, I had capital gains on stock sales where the broker did not report basis to the IRS. I bought the shares prior to brokers being legally required to keep the records (~2011). Therefore, I uploaded a summary statement to FreeTaxUSA that broke out the shares by year of acquisition (they were mostly DRIP ). If I…
Wife and I have been trying to use the real estate professional feature in FreeTaxUSA. We have been real estate professionals (REPs) since retiring from W-2 jobs in 2023, but in the years before we were REPs, we accumulated over $120,000 in suspended passive activity losses (PALs). As REPs, we don't aggregate activities,…
I’m a newly married and filing our tax as married filing jointly, have provided all the informations but at the final stage after payment I was ask to provide my husband’s id which I did but it still requires some id document number that that is seen at the back of id’s. I do not have his physical id but a picture copy and…
I filed federal and state at the same time. My fed was initially rejected for an error. I fixed the error and then both my fed and state were accepted. Already got my fed refund but Michigan website says they didn't receive my taxes. Even though they already processed my home heating credit. Can't get through to them on…
The account that I was using has been closed due to my account number and everything being hacked.
I cannot find the section where my brother can enter in his paid preparer information.(who is filing my taxes for me) All the articles are telling me to go to the paid preparer section under Misc but it just isn't there. I have, "IP Pin, Third Party Designee, IRS Language Preference and IRS Media Preference." Does anyone…
I have to pay in to both the IRS and the state of MA. I had scheduled the payment on the 15th. Neither has taken out the money yet. Upon investigation this morning I realized that I am missing a number from my bank account. How do I fix this issue after the fact? Am I able to amend the bank account info? Please advise.
I'm transitioning to self-employment/1099 work and wanted to share my understanding of the tax process and get confirmation I'm not missing anything. My state doesn't have income tax so I shouldn't have anything to do with state tax. Step 1 As a 1099 worker, you pay two types of federal tax: Self-employment (SE) tax.…
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