Submitted by one-eye-owl t3_1263ycv in personalfinance
nelsonnyan2001 t1_je8mrgo wrote
Reply to comment by awkrawrz in My husband and I owe 22k in taxes but we only made a combine total of 75k by one-eye-owl
Depends on your 1099 and how well your brokerage formats that data. Seems like FreeTaxUSA uses some proprietary backend to soup through your 1099 forms. The "auto-import" function can be spotty but should work fine for 99% of W-2's.
Schwab's 1099 import worked fine for me, YMMV.
awkrawrz t1_je8mu8q wrote
Awesome! Thanks for sharing and I use Schwab do that is good to know!
nelsonnyan2001 t1_je8n0dw wrote
Sure! Just a heads-up - I don't day-trade and most of my taxable gains were from reinvested dividends from ETF's (and some FAANG exits) so my 1099 was incredibly simple, realistically it would've taken me 10 minutes to fill them out myself, I just wanted to see how well the import function would work.
awkrawrz t1_je8oo3f wrote
That's good to know! I may give it a try next year just for fun. Worst case I just continue with TurboTax.
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