I had the EXACT same issue! Is there anywhere to get the official red ink forms in person? My local office supply stores don't seem to carry them and online ordering says 7-10 business days shipping which puts me past the deadline :

I went through this exact headache last year with my housekeeper's W-2/W-3 forms! The SSA definitely won't accept handwritten forms - learned that the hard way when they sent everything back to me. Here's what saved me: Skip trying to find the official paper forms entirely and go straight to the SSA's Business Services Online portal. It's completely free and you can file everything electronically. You'll need your EIN (not your SSN) to register, but once you're set up, you can enter all the W-2 information directly into their system and submit it immediately. The electronic filing actually counts as providing the "official" forms to both the SSA and your babysitter. You can print copies of what you submitted for your records and for her to use with her taxes. I was worried about penalties too, but filing electronically as soon as possible is way better than continuing to struggle with paper forms that might get rejected again. The whole process took me maybe 30 minutes once I stopped trying to deal with the paper forms. Much less stressful than I expected!

Anyone know if this is different in different states? We formed our real estate LLC in Texas and our accountant handles the capital accounts completely differently than what people are suggesting here.

This is a really complex area that trips up a lot of new LLC partners! Just went through something similar with my business partner last year. The key thing to understand is that when you contribute property with a mortgage to an LLC, you're essentially contributing your equity (property value minus mortgage balance) as your capital contribution. When the LLC makes mortgage payments, the principal portion is actually increasing your basis in the LLC because you're being relieved of personal debt. Here's what I learned from our tax attorney: Keep detailed records separating principal vs interest payments. The principal payments don't reduce your capital account - they actually increase your tax basis in the LLC. The interest is just a business expense. For the 50/50 split to work fairly, you'll need to account for these uneven contributions somehow. Either your partner needs to contribute equivalent value through rehab costs, or you'll need to true up the difference when you sell the property and distribute proceeds. Definitely recommend getting a CPA who specializes in real estate partnerships to review your operating agreement. The tax implications can get messy if not structured properly from the start.

I was in your exact situation last month. Found my DD date on the Account Transcript under code 846, but it wasn't there initially. My transcript first showed codes 570 and 971, then updated a week later with the 846 code. Have you checked if you have any 570/971 codes on your transcript? Those usually indicate there's some verification happening before they set your deposit date.

Just wanted to add something that might help - if you're checking your transcript and don't see code 846 yet, don't panic! The IRS typically processes refunds in the order they were received, but there can be delays if your return needs additional review. I had to wait almost 3 weeks after my return was accepted before seeing my DD date appear. Also, make sure you're checking the transcript for the correct tax year - I accidentally looked at my 2022 transcript when I needed 2023 and thought something was wrong. The "Where's My Refund" tool on the IRS website updates less frequently than transcripts, so the Account Transcript is definitely your best bet for the most current info about your refund status.

Don't forget about FBAR requirements if you're keeping that money in a foreign account! If you have more than $10,000 in foreign financial accounts at any time during the calendar year, you need to file an FBAR (FinCEN Form 114). The penalties for not filing are insane - up to $10,000 for non-willful violations and the greater of $100,000 or 50% of account balances for willful violations.

Make sure you're keeping good records of everything - the wire transfers, any communications with the buyer, and especially any shipping receipts. If you're shipping to their US warehouse, that's domestic shipping which is generally not deductible against your capital gains. But if you have any other expenses directly related to the sales (like special packaging materials), those might be deductible against your proceeds.

A bit off topic, but make sure you're checking credentials before hiring a tax preparer in the future! I made the same mistake years ago. Always verify they have a PTIN (Preparer Tax Identification Number) at a minimum, and ideally look for an EA (Enrolled Agent), CPA, or tax attorney. Random storefront tax places can be sketchy. I now check the IRS directory of preparers before hiring anyone: https://irs.treasury.gov/rpo/rpo.jsf

A word of caution from personal experience - when you file that amended return, make sure you pay any additional tax ASAP. Interest keeps accumulating from the original due date of the return, not from when you discover the problem. I reported my preparer last year and ended up owing about $3,800 in additional taxes, plus almost $450 in interest because I waited a few months to actually pay after filing the 1040-X.