This is actually a really common misunderstanding about wash sales. What matters isn't the lot numbers but the timing. Whenever you have a loss sale with a purchase of substantially identical securities within the 61-day window (30 days before/after), you have a potential wash sale. I had this exact situation last year with NVDA stock - sold some at a loss and had other shares purchased within the window. My accountant explained that the way the IRS applies the rule, you look at all purchases of the same security within the window, regardless of lot designation.

This is exactly the kind of complex wash sale scenario that trips up so many taxpayers! Based on your description, you're dealing with a partial wash sale situation. Here's what's happening: You sold 140 shares at a loss, but you only have 60 remaining shares from Lot 2 that were purchased within the wash sale window. The wash sale rule will apply, but only to the extent of the shares you still hold - so 60 shares worth of your loss will be disallowed and added to the cost basis of those remaining 60 shares. The math works out like this: - Loss on 60 shares: $1,800 (60 × $30) - this gets disallowed and added to basis - Loss on remaining 80 shares: $2,400 (80 × $30) - this should be deductible Your remaining 60 shares would have an adjusted basis of $125/share ($75 original + $30 disallowed loss per share). Make sure to double-check your 1099-B when it arrives - brokers sometimes miss these nuanced partial wash sale calculations, especially with same-day transactions. You may need to make adjustments on Form 8949 if your broker doesn't report it correctly. Keep detailed records of your calculation method in case the IRS has questions later!

Looking at your transcript, I can see why you're stressed - those codes are definitely intimidating at first glance! But take a deep breath because this is actually a pretty standard IRS review process, especially for EIC claims. The "No tax return filed" status is misleading - your return was absolutely received and is in their system. It just hasn't completed processing because of the review flags. The 570 code from June basically hit the pause button on your account while they manually verify your EIC claim, and the 971 code means they mailed you that CP 005A notice explaining what they're looking into. That 290 "Disallowed claim" code sounds terrifying, but it doesn't necessarily mean they rejected your entire claim. They might have approved a partial amount, questioned specific dependents, or need additional documentation to verify your eligibility. The November date is just when their system processed the decision - don't read too much into the timing. Here's what I'd recommend: - Keep checking your mail religiously for that CP 005A notice - it will spell out exactly what was disallowed and why - Start gathering ALL your EIC documentation NOW: pay stubs, bank statements, school records for kids, anything proving income and dependents - Don't panic about potentially owing money back - they typically just adjust your refund amount downward Even if they reduce your EIC, you'll likely still get something back, and you have solid appeal rights if you disagree with their decision. This process is frustrating but definitely manageable with the right documentation! 🤞

I know exactly how you're feeling right now - those codes are absolutely terrifying when you first see them! I went through this same nightmare about 8 months ago and honestly thought my whole financial world was collapsing. Here's the real deal: that "No tax return filed" message is just the IRS's incredibly poor way of saying your return is stuck in review mode. Your return IS there, they DID receive it - it's just frozen while they dig into your EIC claim (which is super common, they audit those heavily). The 570/971 combo from June means they flagged something for manual review and sent you a CP 005A notice. That 290 "Disallowed claim" from November sounds horrifying, but in my case it turned out they only questioned ONE of my dependents, not my entire EIC. I ended up getting about 70% of my original refund after providing additional docs. My advice: Start gathering EVERYTHING now - W-2s, bank statements, school records for kids, proof of residence, anything related to your EIC claim. When that CP 005A notice finally arrives (took about 4 weeks for me), you'll want to be ready to respond immediately. The waiting is absolutely brutal and you'll probably check your transcript 50 times a day (we all do it), but this is way more manageable than it looks. Most people I know who've dealt with these codes end up getting at least a partial refund once they jump through the hoops. You've got this! 💪

Has anyone actually had success getting their 1095-A corrected? Mine's been wrong for over a month and despite three calls to the Marketplace, nothing has changed. I'm near the filing deadline and getting desperate.

I went through this exact same situation last year and can relate to your frustration! After weeks of back-and-forth with the Marketplace, I discovered that declining advance payments doesn't disqualify you from the Premium Tax Credit - you should absolutely still be eligible to claim it when filing. The key issue is that your 1095-A Column B (SLCSP amounts) shouldn't be zeros if you're income-eligible for the credit. This sounds like a system error on their end. Here's what finally worked for me: 1. Use the SLCSP lookup tool on healthcare.gov to find your correct monthly benchmark amounts 2. Enter those amounts in Column B when completing Form 8962 (not the zeros from your 1095-A) 3. Keep documentation showing you looked up the official SLCSP rates Don't let the incorrect 1095-A prevent you from claiming the credit you're entitled to. The IRS allows taxpayers to use the correct SLCSP amounts when the 1095-A is wrong. Just make sure to save screenshots of your lookup results and any communication with the Marketplace for your records. You're not doing anything wrong - this is a known issue that affects people who chose to receive their credit at tax time instead of monthly advance payments.

Just to clarify what others have said - Jackson Hewitt currently uses Republic Bank & Trust Company for their refund transfers, not MetaBank/Pathward as they did in previous years. The change happened in 2022. When comparing to other tax preparers, H&R Block uses Axos Bank and TurboTax uses Green Dot Bank for their refund transfers. Each bank has different processing timelines, with Republic typically taking 1-3 business days after receiving the funds from the Treasury.

I went through this exact same situation last year! After reading through everyone's experiences here, I can confirm that Republic Bank & Trust is indeed Jackson Hewitt's current partner for refund transfers. What helped me was calling Republic Bank directly rather than going through Jackson Hewitt's customer service - their tax services department was much more responsive and could actually tell me when they received my refund from the IRS. The key thing to remember is that once your WMR shows "approved," there's still that 1-3 day processing window at Republic Bank before it hits your actual account. It's frustrating but seems to be the standard timeline. Has your WMR status updated to approved yet, or are you still waiting for that step?

Anybody know how far back they can actually go for an audit? Is there a statute of limitations or can they just decide to audit you from 10 years ago whenever they want?

The timing is definitely frustrating but unfortunately pretty standard. I went through a similar situation with my 2020 return that got audited in late 2023. The pandemic really backed up state tax departments and they're still working through those years. One thing that helped me was creating a detailed timeline of what I could remember from 2021 before diving into the documents. I wrote down major life events, work changes, moves, etc. from that year which helped me remember where certain documents might be stored. Also, don't panic about having every single receipt perfectly organized. State auditors are usually reasonable if you can demonstrate good faith effort to comply. If you're missing some supporting docs, explain the circumstances (moves, storage, time elapsed) in your response letter. They often accept reasonable explanations for missing paperwork, especially for smaller deductions. The key is responding promptly and being thorough with what you can provide. Most of these audits are just verification exercises and get resolved without major issues if you stay organized and cooperative.