I am a 20% owner of a small S Corp. When my father passed this year, my shares in the S Corp increased to 25%. I cannot find any way in FreeTaxUSA to fill in line 3m of Form 7203 "other items that increase stock basis." It only give me an option to show a reduction in my stock — not an increase. Where can I input this…
Hi community, I have a partnership form schedule K-1 for my immigration visa program, which am I supposed to report every year. However, the value in boxes all show 0 and the software doesn't let me put this item down even after I have typed in all the details. I have copy C of 8805 for this to submit along with my federal…
I am trying to enter information from the sale of units in a partnership. According to https://www.freetaxusa.com/forms-federal you support “Partnership or S corporation income (Schedule K-1)” form 1065 and you also support federal forms 4797, and 8949. On the same page at the bottom under "Items not Supported", I don’t…
Does FreeTaxUSA support Code AF in box 13 of the S-Corp K-1 form 1120-S? It's not listed in the dropdown as an option. My understanding is that it's similar to the AE code that is listed. If it's not supported are there any suggestions for reporting this code using FreeTaxUSA? For example, could I go into a forms mode and…
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