Have you considered setting up a separate entity for your real estate investments? Sometimes restructuring how you hold these investments can impact how the passive loss rules apply. I did this last year and it opened up some planning opportunities.

Just wanted to add another perspective on this - I've been through a similar situation with syndication losses and consulting income. One thing that really helped me was getting a clear understanding of the "grouping" rules under the passive activity regulations. Even if your real estate investments are passive, you might be able to group certain activities together if they form an "appropriate economic unit." This could potentially change how the material participation tests apply. For example, if you have any direct rental properties alongside your syndication investments, there might be grouping opportunities. Also, make sure you're not missing the "significant participation" test - if you spend between 100-500 hours on an activity, it might qualify as significant participation, which can convert passive income from other significant participation activities into non-passive income that your losses could offset. The key is documenting your time spent on any real estate activities. I started tracking my hours more carefully after realizing I was spending more time reviewing investment materials, attending investor calls, and doing due diligence than I thought. Every hour counts toward those material participation thresholds.

Anyone recommend a good tax software that handles rental property sales well? I tried TurboTax last year and it totally messed up my depreciation recapture calculations.

I went through a similar situation last year and learned some hard lessons about capital gains planning. While you can't directly offset the gains from your sold property with improvements to other properties, there are still some strategies worth considering for your current situation. First, make sure you're properly accounting for all the capital improvements you made to the property you just sold - these should increase your basis and reduce your taxable gain. Things like major renovations, roof replacement, HVAC systems, etc. can all be added to your cost basis. For your other properties, those improvements you're planning ($7,800 for flooring, $9,200 for the deck) will still benefit you tax-wise through depreciation over time. Just make sure to keep detailed records and receipts for everything. One thing to consider: if you have other investments showing losses this year, you might be able to harvest some capital losses to offset your rental property gains. Also, depending on your income level, you might qualify for the 0% capital gains rate on a portion of your gain. The tax code around rental properties is complex, so it might be worth consulting with a tax professional who specializes in real estate to make sure you're not missing any legitimate strategies for your specific situation.

I tried accessing my transcripts on March 14th and got locked out of my account after multiple failed verification attempts. Called the IRS on March 15th and was told there's a 10-day security lock once you fail verification. Had to request mail delivery instead, which arrived on March 26th. Just missed my documentation deadline. The system is particularly sensitive to address changes - if you've moved in the last 2 years, you might have problems with the automated verification.

I just went through this process two weeks ago for my ACA marketplace verification! Here's a step-by-step that worked for me: First, go to IRS.gov and click "Get Your Tax Record" then "Get Transcript Online." You'll need to create or log into your IRS online account using ID.me (yes, it's the only option now). For medical documentation, you specifically want the "Account Transcript" - this shows your AGI clearly marked. The whole ID.me verification took me about 15 minutes including uploading my driver's license photo. One tip: make sure your current address matches exactly what the IRS has on file, or you'll get stuck in verification loops. Once you download the transcript PDF, the AGI amount is clearly labeled on line 37 for most people. Your healthcare provider should accept this immediately since it has the official IRS watermark. Good luck with your 14-day deadline!

I've used both TurboTax and HR Block and honestly think TurboTax is worth the extra $$. Last year I had relocation expenses for a new job and used TurboTax Premium. The step-by-step guidance was super helpful since my situation was complicated (partial company reimbursement, temporary housing, some unreimbursed expenses). It flagged that moving expenses aren't deductible anymore except for military but helped me correctly report the reimbursement my company provided. The premium version also helped me with some investment stuff I had, but if you don't have investments or rental property, the deluxe version would probably work fine for your relocation situation. Just know that you can't deduct moving expenses anymore, you'll just need to correctly report any reimbursements from your employer.

I moved across state lines for work last year and went through this exact decision process! After reading through everyone's advice here, I ended up using H&R Block Deluxe and it handled my relocation situation perfectly. Just to echo what others have said - you're right that moving expenses aren't deductible anymore for most people (I learned this the hard way after saving every receipt). But both software options will help you properly report any reimbursements from your company, which is really the main thing you need to worry about tax-wise. I chose H&R Block Deluxe over TurboTax because it was about $25 cheaper and honestly did everything I needed. The interface walked me through entering my relocation reimbursement info step by step, and I didn't feel like I was missing out on any features by not getting Premium. One tip - if your company reimbursed you for some expenses, make sure you have your final paystub or W-2 handy when you're filing because you'll need to see exactly how they reported those reimbursements (usually in Box 1 as regular income). Both programs will ask you about this specifically. Good luck with your move and taxes!

I'm going through this exact same situation right now! Filed in early March, got the 570 code about two weeks ago, and just noticed the 971 code appeared yesterday. Reading through everyone's experiences here is actually really reassuring - it sounds like most people are dealing with routine verification issues rather than anything serious. I'm also depending on my refund for upcoming expenses, so I totally understand the stress. Based on what others have shared, it looks like the letter should arrive within the next week or so. I'm going to start gathering all my tax documents now so I can respond quickly when it arrives. Thanks everyone for sharing your timelines - it really helps to know what to expect!

I just went through this same exact sequence! Got the 570 in mid-February, then the 971 about 8 days later. The letter took almost 2 weeks to arrive (way longer than everyone else seems to be experiencing), but it was just asking me to verify my dependent's social security number because apparently there was a small discrepancy in how I entered it. I was able to call the number on the letter and get it sorted out over the phone in about 20 minutes - didn't even need to mail anything back. My refund was released 6 days after that call. Since you mentioned needing it for summer tuition, I'd suggest having your SSN, filing status, and exact refund amount ready when you call, as they'll ask for all of that to verify your identity before discussing the issue. The whole thing was way less scary than these codes made it seem!