Why even get an advance? Just wait for the real refund and avoid the fees lol

Chime usually deposits the advance pretty quick once IRS accepts your return! In my experience it's been 1-3 business days max. Just keep an eye on your app for notifications. The advance is nice to get some quick cash while waiting for the full refund to process through the IRS system.

5 Just double check the W-9 they provided. Box 3 should indicate how they're classified (individual, corporation, etc). If they checked the corporation box, no 1099 needed. If they checked something else, you might need to file one. Also look at their legal name format - if it includes "Inc." or "Corporation" that's another clue they're incorporated.

Thanks for bringing up this question - it's one that comes up frequently for small businesses! The consensus here is correct: you do NOT need to file a Form 1099-MISC for rent payments to a 501(c)(3) nonprofit corporation. The key principle is that the corporate exemption takes precedence. Since your vendor is incorporated as a 501(c)(3) nonprofit corporation, they fall under the general rule that payments to corporations are exempt from 1099 reporting requirements (except for legal and medical services, which doesn't apply to rent). To summarize the requirements: - Payments to corporations = No 1099 required - Your vendor is a corporation (501c3 nonprofit corporation) - Therefore, no 1099 required for your $23,400 in rent payments Just make sure you have their completed W-9 on file showing their corporate status - this serves as your documentation if the IRS ever questions why you didn't file a 1099 for this vendor.

If you use tax software, all of this is pretty straightforward! I moved from Texas to Minnesota mid-year and used TurboTax. The software asked when I moved and then walked me through everything. Honestly way easier than I expected.

One additional tip since you mentioned the high withholding on your extra shifts and billing payments - keep detailed records of all your work locations and income sources throughout the year. As a physician who moved mid-year, you'll want to track not just which state you earned income in, but also where you were physically working when you earned it. This is especially important for those weekend ER shifts. If you're picking up shifts in different locations or even different states, each location might have different tax implications. Some states tax based on where the work was performed, others based on your residence at the time. Also, since you mentioned patient billing payments, make sure to track any business expenses related to your work (CME, licensing fees, professional memberships, etc.). These can often be deducted, and with your income increase, every deduction becomes more valuable. Keep receipts for everything work-related from both states - some expenses might be deductible in one state but not the other. The good news is that with your income tripling, you're likely in a much better position financially to handle any unexpected tax obligations that might come up!

Don't forget about wash sale rules if you're planning to buy back into a similar fund later! If you sell at a loss and buy back within 30 days, you can't claim the tax loss.

Great thread everyone! As someone who's been through this exact situation, I wanted to add a few practical tips for when you actually execute the sale: 1. **Timing matters**: If you're close to the end of the tax year, consider whether it makes sense to delay the sale until January to push the tax liability to the following year's return. 2. **Document everything**: Take screenshots of your lot selection choices and keep records of which specific shares you sold. This will be helpful when you get your 1099-B and need to verify everything matches. 3. **Consider tax-loss harvesting**: Even though you're selling at a gain, check if you have any other investments with losses that you could sell to offset some of the gains. 4. **Emergency fund planning**: Since you're using investments for an emergency, consider rebuilding an actual cash emergency fund once you're back on your feet so you don't have to deal with tax implications next time. The 0% capital gains rate that @Nia Davis mentioned is huge - definitely verify your income situation before selling. You might be in for a pleasant surprise!

Former IRS employee here. The 21 days is calendar days. Not business days. Returns are processed in batches 24/7. Human intervention only happens during business hours. This is why some people see transcript updates on weekends. The system never stops. Gig worker returns take longer. Self-employment income triggers additional verification. Expect 30-35 days minimum with gig income.

Thanks so much for this clarification! I've been making the same mistake as the original poster, thinking weekends didn't count. It's actually really helpful to know that the automated systems are running 24/7 - that explains why I sometimes see status updates on Saturday mornings when I check the app. I'm also dealing with gig work income (mainly Instacart and some freelance graphic design), so it sounds like I should be expecting closer to 30+ days rather than getting anxious at the 21-day mark. The additional verification process for self-employment income makes total sense from a fraud prevention standpoint. Does anyone know if there's a way to tell if your return is in the additional verification queue, or do you just have to wait it out?