When, if ever, can Vine product reviewers deduct Amazon 1099 nec income using COGS in USA?
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!
Hi everyone, I have one business (sole proprietor) and my spouse has two businesses, also sole proprietorships. We each have a home office in our apartment, and I'm trying to figure out the best way to calculate the home office deduction. I could use the simplified method but looking at past returns that were completed by…
I invested in a film back in 2008 that never showed a profit. I received one k-1 in 2009 with a small return and used Form 8582 to report it, but have not received one since and have not been able to track down anyone related to the film. I would like to write-off the remainder of my investment here in 2024. How do I claim…
I had a W2 job for the first half of 2024 and my W-2 income was $100k. I left my job and started working as a self-employed contractor in December, 2024. I will receive the payment for my December's work in January, 2025. So, I have no self-employed income for 2024, but have some business expenses incurred in December…
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.
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