Does anyone recommend any specific tax software that handles wash sales correctly? I tried using FreeTaxUSA last year and it was a nightmare trying to manually figure out all the wash sales from my trading.

I want to clarify something important that might help ease your concerns. In your hypothetical scenario, you're thinking about this backwards. If you made $130k in gains and then later had losses that brought your net position down to $15, those are separate transactions. The wash sale rule would only disallow the losses if you repurchased the same securities within 30 days. But here's the key: those disallowed losses don't just disappear forever - they get added to the cost basis of your new shares. So let's say you had $129,985 in losses that were disallowed due to wash sales. That amount gets added to the cost basis of your repurchased shares. When you eventually sell those shares (and don't repurchase within 30 days), you'll get the benefit of that higher cost basis, which will reduce your taxable gain or increase your deductible loss. The timing is what creates the cash flow problem - you might owe taxes on the $130k gain this year, but the benefit of those disallowed losses will come when you sell the replacement shares. This is why active traders need to be very careful about year-end positioning and cash flow planning. You wouldn't permanently lose $38,985 - it's more of a timing issue that affects when you can claim those losses for tax purposes.

I'm also waiting on a March 3rd DDD with Netspend! This thread has been so helpful - I had no idea about the weekend processing delays or the verification thresholds for larger amounts. My transcript shows the 846 code too, so at least we know the IRS has done their part. Based on what everyone's shared here, it sounds like checking first thing tomorrow morning around 6am is the move. The unpredictability is definitely stressful, but it's reassuring to see so many people going through the same thing. Thanks to everyone for sharing their experiences - this community is amazing for navigating tax season anxiety!

Just wanted to follow up for anyone still waiting! I'm in the exact same situation - March 3rd DDD with the 846 code showing on my transcript, but my Netspend account is still empty as of this evening. After reading through everyone's experiences here, I feel much better about the delay. It sounds like weekend DDDs really do create timing issues with the ACH processing, and Netspend's release schedule can be unpredictable even under normal circumstances. I'm planning to check my account early tomorrow morning around 6am like several people suggested. Really appreciate everyone sharing their experiences - it's so helpful to know this level of variation is normal and not something to panic about. Hoping we all see our deposits by tomorrow!

The comments about paper filing are correct, but one thing nobody's mentioned - if your 2021 return is simple enough, you can use the IRS Free File Fillable Forms even for 2021. You still have to print and mail, but it's easier than doing the forms by hand. Go to IRS.gov and search for "prior year forms" - you can download everything you need. And remember to use your 2021 address on the forms if you've moved since then! That trips up a lot of people.

I was in the exact same situation last year with my 2020 return! After trying every major tax software (TurboTax, H&R Block, FreeTaxUSA, etc.), I can confirm that none of them support e-filing for returns that old anymore. The cutoff seems to be around 2-3 years max. Here's what worked for me: I ended up using the IRS Free File Fillable Forms that someone mentioned, which let me complete everything electronically and then print clean copies. Way better than handwriting forms! The key things that made my paper filing go smoothly: - Used a large 9x12 envelope so nothing got folded - Sent everything certified mail with tracking - Included a cover letter explaining it was a prior year return - Made sure to sign with actual ink (apparently their scanners work better with real signatures) My refund took about 5 months to process, which was actually faster than I expected based on what I'd read online. And yes, I did get interest payments on top of my refund since it was for a prior year - that was a nice surprise! Don't let the paper filing discourage you from claiming your money. It's tedious but totally worth it if you're owed a refund.

I'm going through this exact same situation right now! Set up my installment agreement in January and it's now been 8 months with absolutely no automatic withdrawals. I was getting really worried that I had somehow messed up the bank account information or that the IRS was going to come after me for defaulting. Reading through everyone's experiences here has been such a huge relief - it's clear this is a systemic issue with their processing systems rather than individual mistakes on our part. The fact that so many people have successfully resolved this by making manual payments while waiting gives me confidence to move forward. What strikes me most is how the IRS doesn't provide any clear communication about these delays. A simple notice saying "automatic withdrawals may take 2-4 months to activate" would prevent so much anxiety for taxpayers trying to do the right thing. I'm going to follow the advice everyone's shared and make catch-up payments through Direct Pay for all the months I've missed. Going to keep detailed screenshots and records of everything, and hopefully the auto-debits will eventually kick in like they did for others here. Thanks to everyone who shared their stories - knowing that this is a common issue and that there's a clear path forward makes this so much less stressful to deal with!

This thread has been incredibly helpful! I'm dealing with the exact same issue - set up my installment agreement in May and it's now been 6 months with zero automatic withdrawals. I was starting to think I had done something wrong during the setup process. Reading through everyone's experiences, it's clear that these processing delays are unfortunately very common with the IRS installment agreement system. What frustrates me most is that they don't warn you about this upfront - a simple notice about potential 2-4 month delays would save so much anxiety. Based on all the advice here, I'm going to start making manual payments through the IRS Direct Pay website today for all the months I've missed. I'll make sure to select "Form 1040 series" and "Installment Agreement" as the payment type, and I'll keep detailed screenshots of every confirmation. It's reassuring to see that everyone who took this proactive approach had their payments properly credited and maintained their agreement in good standing. Thanks to everyone who shared their experiences - this thread should definitely be a resource for anyone dealing with installment agreement auto-debit issues! Has anyone had success getting a timeline from the IRS about when the auto-debits will actually start, or is it just a waiting game until they eventually kick in?

From my experience, in-person verification at a TAC office is usually faster once you actually get the appointment, but the scheduling can be a pain. I'd recommend calling your local office first thing Monday morning to see what their availability looks like. Meanwhile, you can also try checking your mail daily for the 5071C letter since sometimes it comes earlier than expected. If you're really in a rush for the refund, maybe try both routes simultaneously and go with whichever becomes available first?

Just went through this same process a few months back! One thing I learned is that you can actually check the status of your identity verification on the IRS website using the "Where's My Refund" tool - it'll tell you if they've processed your verification yet. Also, if you do decide to go the in-person route, try to schedule your appointment for first thing in the morning since they tend to run more on time early in the day. The whole process took about 15 minutes once I was actually in there, so it's pretty quick if you have all your documents ready.