One thing nobody mentioned yet - if you didn't file Form 8621 for 2022 when the PFIC status started, you might need to file amended returns. The IRS requires Form 8621 to be filed for each year you hold a PFIC, even if there are no transactions or elections being made. Missing this form can potentially suspend the statute of limitations on your entire tax return, meaning the IRS could audit that year indefinitely. You might want to file Form 8621 for 2022 with a "reasonable cause" statement explaining that you weren't aware of the PFIC status at that time. This could help avoid penalties.

I've been following this thread closely since I dealt with a similar PFIC situation last year. Based on your description, you're definitely on the right track with the deemed sale + QEF election approach, but there are a few critical details you need to nail down. First, regarding your 2022 situation - since MTNF became a PFIC on August 15, 2022, you technically should have filed Form 8621 for that partial year, even though you received a K1. The PFIC rules override the partnership tax treatment once the entity qualifies as a PFIC. As others mentioned, you should consider filing an amended 2022 return with Form 8621 and a reasonable cause statement explaining you weren't aware of the PFIC status change. For your 2023 deemed sale election, the key requirement is that you must be able to demonstrate that making a QEF election is "in the best interests of the taxpayer." This usually means you need to show that QEF treatment will result in lower taxes than the excess distribution method. The IRS looks at factors like your expected holding period and the fund's expected income profile. One thing to double-check: make sure your investment actually qualifies for deemed sale treatment. Some corporate reorganizations can complicate this, especially if there were multiple steps in the merger process. You might want to review the exact structure of that August 2022 transaction to confirm your basis calculations are correct. Have you been able to get any response from the company's investor relations team about the annual information statement yet?

I'm a newcomer to this community but wanted to share my recent experience since it might help! I just went through an identity verification appointment two weeks ago with a similar address situation. My driver's license had my old address from when I lived with my daughter temporarily, but my tax return showed my current apartment address. I was really nervous about it, but the IRS agent was completely understanding. I brought my lease agreement, a utility bill, and a bank statement all showing my current address. When I got there, I immediately explained the situation and showed her all my documents. She said "Oh, this happens all the time - thank you for bringing everything we need!" The whole appointment took maybe 20 minutes, and she even gave me a receipt showing that my identity verification was complete. My refund was deposited exactly one week later with no delays whatsoever. Based on reading everyone's experiences here, it seems like the key is just being prepared with multiple address documents and being upfront about the discrepancy from the start. The IRS really does understand that people move and don't always update their licenses immediately. You're going to do great at your appointment!

As someone who's been through a few IRS appointments over the years, I wanted to add my voice to the chorus of reassurance here! At 68, you've probably dealt with much more complicated bureaucratic situations than this. The overwhelming consensus from everyone's experiences is spot-on - the IRS sees address discrepancies constantly and has procedures in place to handle them smoothly. What I'd add to all the great advice here is to arrive about 10-15 minutes early for your April 15th appointment. This gives you time to organize your documents one final time and approach the situation calmly rather than feeling rushed. Bring a small folder or envelope with everything neatly organized: your ID, Social Security card, and at least two recent documents showing your current address (utility bills, bank statements, etc.). The fact that you're thinking about this ahead of time and preparing properly shows you're going to handle it just fine. From everything I've read here, being proactive and transparent about the address difference actually works in your favor - it shows you're honest and prepared, not trying to hide anything. Your refund shouldn't be delayed at all once they verify your identity. Good luck with your appointment!

Has anyone had success calling TD Ameritrade directly about this issue? I wonder if they might have a technical solution or workaround specific to TurboTax desktop software.

I've been dealing with this exact same Section 1256 import issue for the past two years with TurboTax desktop and TD Ameritrade. What finally solved it for me was a combination of approaches mentioned here. First, I tried the TXF file download that Dyllan mentioned - you can find it in TD Ameritrade's Tax Center under "Tax Forms & Info" then "Download Tax Data." This worked better than the PDF import but still missed some Section 1256 details. What really made the difference was manually entering the Section 1256 summary data (as Fiona suggested) but using the taxr.ai tool to double-check my numbers. The tool helped me catch a calculation error I had made when transcribing the 60/40 split amounts. One tip: when manually entering in TurboTax desktop, make sure you're in the "Investment Income" section and specifically look for "Section 1256 Contracts and Straddles" - it's buried pretty deep in the menus. The software will automatically calculate the 60% long-term / 40% short-term treatment once you enter your net gain/loss amount. The whole process is definitely more cumbersome than the online version, but at least it's doable once you know the workarounds.

I went through this exact same frustration about 4 months ago when setting up EFTPS for my nanny! The whole process is so poorly designed - they call it "electronic" payments but then require you to mail physical forms. It's maddening. Here's what I learned after finally getting through it: You do NOT need notarization for most household employer situations. After your online enrollment, they send you Form 9779 which just needs your signature and date - no notary required unless you're enrolling on behalf of someone else. The key breakthrough was calling the EFTPS customer service line at 1-888-353-4537 instead of the main IRS number. The reps there actually understand household employment taxes and can give you clear answers. When I called, they walked me through exactly which sections applied to my situation and confirmed no notarization was needed. My timeline was about 10-12 days total: 3 days to get the form by mail, then 7-9 days to receive my PIN after mailing it back. Pro tip: If you're close to a quarterly deadline, use IRS Direct Pay at irs.gov/payments/direct-pay while waiting for your EFTPS PIN. No pre-registration needed and you can pay immediately from your bank account. This saved me from late fees! Once you get through this initial bureaucratic nightmare, the system actually works well for making quarterly payments. You're absolutely doing the right thing getting everything set up properly - this headache is worth it in the long run!

I just went through this exact same process last month and can confirm - the notarization requirement is NOT universal for household employers! After getting the same confusing information from the EFTPS website, I called their customer service line at 1-888-353-4537 and got it cleared up in about 20 minutes. The rep explained that Form 9779 just needs your signature and date for most household employer enrollments. Notarization is only required if you're enrolling on behalf of someone else or there are special identity verification issues. What really helped was that the EFTPS customer service reps actually understand household employment tax situations, unlike the general IRS line. They walked me through exactly which sections of the form applied to me and which ones I could skip since they're only for regular businesses. My total timeline was about 2 weeks - got the form in about 4 days after online enrollment, then received my PIN about 8 days after mailing it back signed. And yes, definitely use IRS Direct Pay if you're close to a quarterly deadline! I used it for my first payment while waiting for the PIN and it was completely straightforward - just select Form 1040, choose "Estimated Tax" as payment type, enter your bank info and you're done. No fees and instant confirmation. The initial setup is definitely frustrating, but once you get through it, the quarterly payments are actually pretty smooth. You're on the right track getting everything set up properly for your nanny!

One thing nobody mentioned - if you're eligible for a Traditional IRA contribution for 2022, you could recharacterize the Roth contribution as Traditional instead of taking it out completely. That way you don't lose the tax-advantaged space. You'd still need Form 5329 and an amended return, but no 6% penalty if you recharacterize properly. Just a thought!

Wouldn't it be easier to just apply the excess contribution to 2023 if you're eligible to contribute to a Roth IRA in 2023? You'd still owe the 6% penalty for 2022, but it would stop there. That's what I did when I had an excess contribution a couple years ago.