I have Foreign Taxes Paid on my 1099-DIV. The software is forcing me to enter Foreign Passive Income. The prompt says it appears on the 1099-DIV . It does not. I have never been asked this before. I checked with my brokerage. They said they have no knowledge of it. Also, the taxes paid arent even to a specific country.. it…
My kids' got a 1099 from their UTMA accounts showing $1213 in dividends, $7 in interest, a short term gain of $195 and a long term loss of ($79) in their 1099-B. Do they need to file?
I have 87 stock transactions in my account. About half are for ESPP and the others are for regular stock and option sales. Can I use 'one-at-time' option for the ESPP sales and then the summary option for the rest of transactions?
Hello there! I have 2 questions that I need help with. I don't have the greatest understanding of the topic, so let me know if I'm not providing enough information. Thanks! 1. The private company that I currently work for is planning to hold a secondary sale to allow existing employees to sell some of their vested stock…
If I'm holding something like an S&P 500 index ETF, do I just have to accept that I will get an unknown amount of distributions with unknown tax treatment?
I'd like to know how to calculate the adjusted cost basis for vested stock option. The stock options were vested say Oct 1st, and were sold on the same day. The 1099B reported cost is say $2000, and the gross proceeds is $5000, so my gain is $3000. This $3000 was taxed withheld in my w2, I only get ~$2000 deposit to my…
Good Morning, If I have losses with short-term investing what is the max I can claim for tax year 2024? Also, if my losses exceed the maximum can I continue to claim the losses in future years? For example if I had 100k in losses I just claim the max per year, I wouldn't show the full 100k for year 2024?
I have few questions regarding my tax situation before I start using FreeTaxUSA. Your software supports self employment sole proprietor correct? My tax accountant had declared Mark to Market accounting method back in 2004 filing for my stock trades as daytrader. I want to use Mark to Market accounting method for my tax…
I have a 9 digit input for proceeds and cost basis for my 1099-B, but the online site has an 8 digit limit. Any idea how to work around this?
What exactly is this? I have this required after clicking on the amount of tax withheld from sales of some RSUs. Is it: My SSN The Account Number from Etrade (Brokerage I sold my stock in) Another Option?
It looks like you're new here. Sign in or register to get started.