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Hello, I have two business under my sole proprietorship, healing and coaching and scientific consulting. Historically, my science career has been my main career. I am now doing science as a contractor. I also am growing my healing and coaching business. The last time I filed taxes with both of these contract work types, I…
Hello, I am a W-2 employee, married filing jointly ($150k combined gross). We have a rental property, and I am starting to do engineering consulting on the side. I have $13k in software expenses for this and will have $0 of income from this business for 2024. I do not have a business license yet but could get one if…
I’m paying for my grandsons college education. How and what can I deduct?
Could SSDI legal fees be deductible as a self-employed business expense? This is for a disabled individual with a small amount of self-employment income. Legal fees were taken out of lump sum back-pay, but will likely not be deducted from the total amount issued on form SSA-1099. Thank you!
In Oregon, what specifically can I write off while driving for door dash? Gas with receipts? How do I calculate mileage? Can I write off my car payments? The cost of extra insurance coverage? My cell phone bill and other hands free accessories such as car phone mounts and chargers? Please help explain this in exact detail.
Hi, I don't generally have any taxable income, but was told I can deduct my Mortgage interest and possible charitable contributions. I have had zero income, didn't file anything 9 of the last 10 years. How would I go about filing a return for those years with no income? Thanks.
Hello, I bought a house in 2023 and paid some points for the mortgage. I qualify to deduct all of the points in 2023 however my realtor rebates that were to be put towards closing costs was reflected in the closing statement in the points row under the column "Paid by Others". This meant that my 1098 only reflects a small…
I work at an urgent care medical facility as a W-2 employee. Once of twice a year when we are slammed, I will purchase lunch or dinner for my team that day. These folks are not my employees, they are my coworkers and I have no managerial/administrative privileges over them. Is this an unreimbursed employee expense that I…
My three partners and I are looking into divesting of a student housing complex that we developed in 2006. We each have invested just over $400,000 to acquire, develop, and maintain the complex. We each have over $500,000 in passive carry forward losses. 80% of the $5million construction cost has been amortized. The…
Hello: It would be great to get FreeTaxUSA to support the following income adjustments on Schedule 1: Line 24z (This is helpful to do things such as nominee adjustment). Line 24b (Deductible expenses related to income reported on line 8l from the rental of personal property engaged in for profit) Thanks so much!
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