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New business, LLC this year. 1. Looks like I can just append schedule C onto my regular taxes. 2. Bought a laptop with a business account and that's 100% for business. I assume I put that in a depreciating expense or similar? 3. Any other thing I will need to do on this? 4. Additionally filed a BOR registration. 5. Do I…
I filed my taxes with a CPA in previous years but using FreeTaxUSA for 2023 tax year. On my Schedule C my CPA has been taking depreciation since 2020 for my home office (business use of home) using the mid-month straight line method at 31.5 years. However, when I input my home office expenses using FreeTaxUSA (note, I put…
Hello, This is my first time using FreeTaxUSA. I am filing for the year 2021. I just filled out my profile information. I am inputting my W2 information. On my W2, it shows that I am a statutory employee. On FreeTaxUSA, it is "Statutory Employee - N/A" It says that it is not supported. What does this mean? Am I able to…
I had a tough time phrasing the question, so I apologize for any confusion. Basically, I claimed the home office deduction when I first started my business, from 2007-2012. Starting in 2013 I leased a commercial office, and from 2013-2023 I didn't claim a home office. Starting in 2024, however, I am back to working from…
I have a small business and have entered expenses in Schedule C. I would think that the more write-offs I enter my overall taxable income should be reduced, thereby increasing my Federal Refund. But the opposite happens. For example, if I enter Office Expenses, my Federal Refund amount is reduced. If I take the Home Office…
Hi I'm working on the schedule C and I'm wondering what the best category and code to use for doordash and uber eats? Thank you
In the section: Income > Business Income (Schedule C) > Edit > Health Insurance There is line that says: - Enter the total payments you made during 2023 for self-employed health insurance premiums for ***, ***, and your dependents: My question is, is that total supposed to include what was paid via APTC (Advanced Premium…
My LLC purchased a car this year to be used for business purposes. What do I need to do on my tax returns to maximize the tax credit?
I have been doing Uber and DoorDash deliveries for the first time this year. I filed with Freetax last year, can I file with them still?
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