Anyone using tax software to handle this? I tried using TurboTax but it's still confusing me with how it imports the 1099-B and then what goes where.

As someone who's dealt with Schedule D and Form 8949 for several years now, I'd recommend double-checking your broker statements against what you report. Sometimes brokerages make errors on the acquisition dates or cost basis, especially if you transferred stocks between accounts. For your 6-month holding period stocks with $3,200 in profits, you're definitely dealing with short-term capital gains (taxed as ordinary income). Make sure each transaction on Form 8949 Part I matches exactly what's on your 1099-B forms - the IRS computer system will flag any discrepancies. One tip: if you have a lot of transactions, consider grouping identical securities with the same acquisition and sale dates on a single line of Form 8949, rather than listing each share lot separately. This keeps the form cleaner while still being compliant. Also, don't forget that short-term gains are added to your regular income for tax purposes, so depending on your tax bracket, you might owe more than you expect. Worth setting some money aside if you haven't already!

Here's a quick tip - go to irs.gov/getanippin and see if you can retrieve the dependent IP PIN there. Sometimes if you're the legal guardian, you might be able to get it online, especially if you've already set up an ID.me account. Worth trying before spending hours on the phone!

@Omar Zaki - I went through this exact same nightmare last year! The key thing to understand is that your daughter likely got an IP PIN assigned automatically by the IRS due to some kind of data breach or suspicious activity involving her SSN - this happens more often than you'd think with minors. Here's what you need to do: Call the IRS Identity Protection Specialized Unit directly at 800-908-4490. This is the specific number for IP PIN issues, not the general IRS line. When you call, tell them you need to retrieve an IP PIN for your dependent because your e-file return is being rejected. Have your daughter's SSN ready and be prepared to verify your own identity as her parent. The agent will be able to tell you immediately if she has an IP PIN on file and what it is. Don't try to get it online - that only works for your own PIN, not dependents. Also don't waste time calling the general IRS number - they'll just transfer you around. Once you get the PIN, you'll enter it in the dependent section of your tax software, not in your own IP PIN field. Good luck - you should be able to get this resolved in one phone call once you reach the right department!

11 Just wanted to add that if this was a one-time thing, make sure you use the right business code when TurboTax asks for it. For training participation, code 611710 "Educational Support Services" might be appropriate. This helps the IRS understand this isn't an ongoing business but a one-time educational activity.

19 I went through this exact same situation two years ago with a 1099-NEC from a beta testing program. The confusion around whether it's "real business income" is totally understandable! Here's what I learned: Yes, you'll need to file Schedule C even though this feels weird since you're not actually running a business. When TurboTax asks for your business name, you can just use your own name - don't feel like you need to make up some company name. For the business description, I put "Training Program Participant" and used business code 611710 (Educational Support Services) as someone mentioned earlier. The IRS understands that not all Schedule C filers are traditional businesses. The tricky part is that you will owe self-employment tax (15.3%) on this income since no taxes were withheld. So budget for that when you're doing your calculations. One tip: Keep good records of exactly what this payment was for in case you ever get questioned about it. The more documentation you have showing it was a legitimate training program payment, the better.

I'm also with Wells Fargo and waiting on my refund! From what I've learned lurking here, WF is pretty much always exactly on the date - no early surprises like some other banks. But at least they're reliable about not being late either. The waiting is killing me too, especially when you see people with other banks getting theirs days early. Maybe next year I'll look into switching to one of those banks that does early deposits, but for now we just gotta be patient! 😅

Wells Fargo definitely doesn't do early deposits like some of the online banks - they're pretty conservative about sticking to the exact date. I've had my refund come through them for the past 3 years and it's always been right on the deposit date, usually showing up between midnight and 2 AM. The good news is they're super reliable - never had it be late either. Since you have the 846 code with 3/15, you can be confident it'll be there that morning. I know the waiting is brutal when you're checking constantly, but at least you only have a couple more weeks to go!

Make sure you're keeping track of all the business assets when you close down too. If you kept any equipment or inventory for personal use, you might need to report that as a distribution to yourself.

This is exactly the kind of situation that trips up so many business owners during closure! You've gotten some great advice here already. One additional thing to keep in mind - since you're filing what's essentially a final Schedule C for this business, make sure you've accounted for any outstanding accounts receivable or payable that might affect your final tax picture. If you had any unpaid invoices from 2021 services that you never collected on, you might want to consider writing those off as bad debt on this final return. Also, double-check that you've properly handled any equipment depreciation for the partial year 2022. If you sold, discarded, or converted business assets to personal use during the closure, you may need to calculate depreciation only up to the disposal date and potentially report gains/losses. The stress is totally understandable - business closures create some of the most complex tax scenarios. But you're asking the right questions and getting solid guidance here. Take it step by step and you'll get through it!