nelsonnyan2001
nelsonnyan2001 t1_je8n0dw 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
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.
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.
nelsonnyan2001 t1_je8qw22 wrote
Reply to comment by merc08 in My husband and I owe 22k in taxes but we only made a combine total of 75k by one-eye-owl
Something to add to my ever growing collection of funny tax edge cases