One additional consideration for your family members who are green card holders - make sure they understand the potential implications if they ever decide to give up their permanent resident status in the future. There are specific tax rules around "expatriation" that can affect how inherited retirement accounts are treated. Also, regarding the executor distributing checks directly from the estate, you'll want to confirm whether this is coming from a liquidation of the entire IRA or if there are options to do a direct rollover to inherited IRAs instead. Sometimes executors take the path of least resistance by liquidating everything, but beneficiaries may still have the right to request direct transfers to inherited IRAs, which could give you more control over the timing of distributions and tax planning. If the funds are already being distributed as checks, just be aware that you typically have 60 days from receipt to potentially roll any portion into an inherited IRA if you decide you want more control over the distribution timeline. Not all situations allow this, but it's worth asking the executor or a tax professional about your specific circumstances. The fact that you're being proactive about tax planning now puts you ahead of many people who just accept whatever distribution method the executor chooses without considering alternatives.

I've been following this thread closely since I'm dealing with a very similar situation - my uncle passed away in 2020 and left retirement accounts to multiple beneficiaries including some non-citizens. A few additional points that might help: Regarding the distribution timing, since you mentioned the executor is preparing checks, you should definitely ask if they're doing mandatory withholding. Many executors will withhold 20% for federal taxes on IRA distributions, but this isn't always communicated clearly to beneficiaries ahead of time. If they're not withholding, you'll want to calculate estimated quarterly payments to avoid underpayment penalties. For your father at 82, even though the 10-year rule applies, his age actually works in his favor from a tax perspective. Since he's likely in retirement with potentially lower income, spreading the distributions over several years might keep him in lower tax brackets compared to your situation where you're still working. One thing that really helped our family was creating a simple spreadsheet tracking each beneficiary's projected income for the next few years, then mapping out distribution strategies that minimized the overall family tax burden. Sometimes it makes sense for one person to take larger distributions in a low-income year while others delay theirs. The mortgage payoff strategy is smart - just remember to factor in the mortgage interest deduction you'll be losing when calculating the net benefit of paying it off early.

One additional tip that might help for future reference - I always recommend downloading and saving your RSU release documents immediately when they vest. Companies sometimes change brokerages or systems, and those detailed vest confirmations can be harder to access later. Also, if you have multiple RSU grants or future vests, consider setting up a simple tracking system now. I use a basic spreadsheet with columns for vest date, shares vested, FMV at vest, shares sold for taxes, and remaining shares. It makes tax time so much easier when you have everything organized in one place. The IRS has been cracking down on unreported stock compensation lately, so having good records is more important than ever. Your situation sounds straightforward now that others have explained it, but having that documentation trail will be valuable if you ever get audited or have questions in future years.

I went through almost the identical situation last year with my RSUs! The confusion around cost basis is so common because brokerages don't always make it clear how the tax withholding affects the reporting. Your understanding is correct - the 1099-B only reflects the 83 shares sold for tax withholding, not your full vest. The key insight that helped me was realizing that when RSUs vest, you're immediately taxed on the full fair market value as ordinary income (which shows up on your W-2), regardless of whether some shares are sold for taxes. So for your 137 remaining shares, your cost basis is indeed $241.50 per share. When you eventually sell them, you'll only pay capital gains tax on any appreciation above that amount. For the 83 shares sold for taxes, you actually have a small capital loss since they sold at $238.75 vs the $241.50 FMV at vest. Make sure to capture this loss on your return - it's real money even though it was automatically handled. The most important thing is ensuring your tax software properly accounts for the fact that the $53,130 in compensation income was already taxed via your W-2. Most good tax software will catch this when you enter both documents, but it's worth double-checking that you're not getting double-taxed on the same income. Keep those vest confirmation documents forever - you'll need them for future reference!

I'm in a similar situation with my triplex and wanted to share what I learned from my CPA last year. One key thing not mentioned yet is the "exclusive use" test for your personal residence unit. Make sure you're not accidentally claiming deductions for shared spaces like hallways, basements, or common areas that you use personally - these can't be allocated to rental units. Also, for the family-occupied units, consider having your parents pay for their own utilities separately if possible. This helps establish a clearer business relationship and makes the rental nature more defensible if questioned. Even if they're not paying rent, having them cover their own electric/gas bills creates better documentation. One more tip: if you're doing significant renovations, take detailed before/after photos and keep all receipts organized by unit. During tax season, this makes the repair vs improvement determination much clearer, and it's invaluable if you ever face an audit.

I've been managing rental properties for over a decade and wanted to add a few important points that might help: For your renovation expenses, document everything with contractor invoices that clearly separate labor from materials. The IRS often looks more favorably on repairs when you can show you were fixing specific problems rather than just upgrading. For example, "replaced water-damaged subfloor and matching laminate" reads very different from "installed new luxury vinyl plank flooring." Regarding your parents' units, there's actually a middle ground option many people miss: you could establish a "services in lieu of rent" arrangement. If they're genuinely providing property maintenance and childcare services, document the fair market value of those services and treat it as if they're paying rent equal to that value, then you're paying them for services. This requires careful documentation but can make those units qualify as rental property for tax purposes. One critical point about the insurance deduction - make sure you're not double-counting. If you're deducting insurance as a rental expense for the rental unit, you can't also claim it as part of your homeowner's deduction on Schedule A. The IRS catches this overlap frequently. Finally, consider setting up a separate business checking account for all property-related expenses, even for your primary residence portion. It makes record-keeping much cleaner and shows the IRS you're treating this seriously as a business operation.

I went through this exact situation last year. Here's what happened step by step: 1. Return rejected for missing IP PIN on Feb 10 2. Retrieved my IP PIN through IRS.gov account 3. Resubmitted on Feb 12 4. Received acceptance confirmation on Feb 13 5. WMR showed first bar on Feb 15 6. Transcript became available on Feb 22 with processing codes 7. WMR updated to approved on Mar 1 8. Refund deposited on Mar 3 So in total, it took 19 days from resubmission to refund, which is actually within the normal 21-day window they promise. The system seems to treat a resubmission after rejection almost like a new submission, but not quite as slow.

I'm dealing with a similar situation right now - my return was rejected on March 6th for the same IP PIN issue and I resubmitted on March 7th. From what I've researched and based on the experiences shared here, it seems like the consensus is that you'll likely face some delay but not a complete restart of the 21-day processing window. One thing I'd recommend is setting up text alerts through the IRS2Go mobile app if you haven't already - it can notify you immediately when your refund status changes rather than manually checking WMR multiple times per day. Also, make sure you're using the exact refund amount from your corrected return when checking status, not the original submission amount. Given that you mentioned needing the refund for unexpected expenses, you might also want to look into the IRS's hardship provisions if your financial situation becomes critical while waiting. They have expedited processing options in certain circumstances, though I'm not sure if rejection/resubmission cases qualify.

Thanks everyone for the detailed explanations! This is exactly what I needed to understand. So if I'm reading this correctly, the $31,050 on my paystub represents both the actual relocation expenses my company paid AND the additional amount they're giving me to cover the taxes on those expenses. The $21,927 "offset" is just an accounting line item to show how they're tracking it internally, but the full $31,050 will show up as taxable income on my W-2. The key point I was missing is that even though it looks like a lot of extra taxable income, my company has already calculated and included enough extra money so that after I pay taxes on the whole amount, I'm not actually out of pocket for the move. That's really generous of them! I was worried I'd be hit with a huge unexpected tax bill, but it sounds like they've already accounted for that. I'll definitely keep an eye on my W-2 next year to make sure everything looks right, but this gives me much more confidence in planning my tax situation. Really appreciate everyone sharing their experiences!

Great breakdown everyone! As someone who works in corporate payroll, I can confirm that what's been explained here is spot on. The gross-up calculation is designed to make you "whole" after taxes, meaning you shouldn't be financially worse off due to the tax implications of your relocation benefit. One thing I'd add is that some companies will do a "true-up" calculation after your actual tax return is filed. If their estimated tax rate was too high or too low, they might adjust your pay the following year to account for any difference. Not all companies do this, but it's worth asking your HR or payroll team if they have a true-up policy. Also, make sure you keep all your relocation-related documentation. Even though you can't deduct moving expenses anymore for federal taxes, some states still allow deductions, and you'll want those records if you ever get questioned about the large income addition on your W-2.