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…
FreeTaxUSA doubled my withholding in its calculations. Since I owe no taxes my refund is also doubled. I completed but didn't submit the return. Can I manually correct the FreeTaxUSA calculation and correct the error before submitting?
I have started to receive social security payments and want to know how much I should have the Social Security Administration to take out of my check so that I will not be penalized for the 2026 tax season. Payments began August 2626. I was told by the administration anything $25,000 and above need to be taxed. What…
Should we keep our rental home in our name or transfer the title to our LLC for tax purposes? We area a husband & wife partnership. My husband works full time and I do not. We file our taxes jointly and are on the title jointly.
Been going through the posts regarding adjusting the etv (estimated tax value) and 1099nec that Amazon sends us for reviewing products. We make no money off this by simply reviewing, but we're still sent a 10099nec due to the bartering we're doing. I've seen some articles answering this question saying: 1. The 1099 NEC…
Does anyone know if someone can review my past tax reports? I was young and had my parents tax guy submit them, and he ever submitted 2022, and now I feel like I cant trust my past tax submissions, and when I review them on the IRS screen, it do not understand it enough to make sure it was submitted. Could my tax person…
Trying to track down a discrepancy between a 2025 Pennsylvania state filing completed by a CPA and one generated by FreeTaxUSA. I have achieved a match on the federal filing. It may be coincidental, but the difference I have identified is equivalent to the value of wash sales reported on the federal filing. My…
I have an s-corp. I am sole owner. The s-corp's only asset is a commerial office building. basis in the building is $486,000. I have $267,000 of depreciation over the years that was sritten off each year since 2002. I am selling the building next month for $575,000. $50,000 down and holding a note for 20 years @ 5% for…
I filed my taxes for last year and I am still fighting with the IRS to get my refund from that year. They won't help me without another copy of my taxes, is there a way to get that information emailed to me so I can get my 317+days late refund??
Trying to summarize a long story, I made an error when trying to perform a backdoor Roth IRA in 2025 and accidently recharacterized my Traditional IRA contribution to a Roth instead of converting it. In 2026 I recharacterized it back to a Traditional, and then completed the conversion to Roth as I should have done…
It looks like you're new here. Sign in or register to ask and answer tax questions.