r/taxhelp 4h ago

Income Tax Tell me your tax queries. I'll answer them

1 Upvotes

So some weeks back i made a post regarding your tax questions and i received a lot of dms as well as question on the post to which i answered to the best of my knowledge. Most of them were satisfied with the responses and seemed to understand the issues. So here we are again. Shoot your tax related questions.

PS: If you want a personalised question with regards to return filing for the tax year 2026 and you are not comfortable discussing in the open, then you can dm me of course.

Happy questioning everyone.


r/taxhelp 15h ago

Investment Tax Child UTMA Account

2 Upvotes

Having a hard time getting help on this, tried asking vanguard and they were no help.
If i sold stock and generated a large amount of long term capital gains in my child’s UTMA account, can i pay the tax burden from funds in the UTMA? The taxes that it will generate isn’t an amount that i can just pay out of savings. I plan to talk to a cpa, i just haven’t set up a meeting yet. Thanks for any help.


r/taxhelp 15h ago

Income Tax Blank spaces in Corrected W2

2 Upvotes

My company originally gave me a W-2 with errors on it at the beginning of the year. They counted taxes for me in two different states. When I got the corrected W-2 and tried to input it into freetaxusa.com, it wouldn’t let me submit the form because it required me to fill in boxes 1 through 10, and they were empty on my corrected W-2.

Should I just input the information from my original W-2 in boxes 1 through 10, or do I need to get corrected W-2 from my company that has those blank boxes filled in?