Quick tip from someone who works in tax prep - even if you don't receive a 1099, the IRS probably will. Financial institutions send copies of all 1099s to the IRS, even if they don't meet the threshold to send one to you. So definitely report your stock sales accurately!

I went through something very similar with Cashapp last year! The $600 threshold that others mentioned is key - if your total proceeds were under that amount, they're not required to send you a 1099-B, but you're absolutely still required to report it. Since you have your purchase and sale confirmations, you're in great shape. Here's what worked for me: 1. Calculate your cost basis (what you originally paid for the shares, including any fees) 2. Note your sale proceeds (what you received when you sold) 3. The difference is your capital gain For your taxes, you'll use Form 8949 and check Box C (short-term) or Box F (long-term - sounds like yours since you held for 18 months). List "Ideanomics (IDEX)" as the description, enter your dates, cost basis, and proceeds. Don't stress about not having the official form - the IRS expects this situation and has provisions for it. Just make sure your calculations are accurate and keep those transaction records. I filed mine this way last year with no issues at all. The important thing is that you're being proactive about reporting it correctly!

A bit off-topic, but for future reference - if you invest through certain EU brokers that have proper tax treaty implementation processes, they'll automatically withhold at the correct treaty rate (15% for Portugal) if you have your W-8BEN on file. I switched to IBKR specifically for this reason after having the exact same problem with my previous broker. Also, for Portuguese tax filing - make sure to include the foreign income in Anexo J of your IRS declaration. The Portuguese finanças can be very picky about how foreign tax credits are claimed!

I faced this exact situation last year as a US tax professional helping international clients. Here's what I recommend: 1. **Start with your broker first** - Request Form 1042-S and any withholding statements they can provide. This is often sufficient for most tax authorities. 2. **If you need IRS documentation directly**, you have two main options: - File Form 1040NR (even if you don't owe additional tax) to create an official record, then request a tax transcript - Submit a written request to the IRS for a "Letter of Certification" showing taxes withheld on US-source income 3. **For the written request**, include: - Copy of your broker statements showing dividends and withholding - Letter explaining you need proof of US taxes paid for foreign tax credit in Portugal - Your contact information and Portuguese tax ID 4. **Mail to**: Internal Revenue Service, Austin Service Center, International Returns Section, 3651 S Interregional Hwy 35, Austin, TX 78741 The process typically takes 30-60 days, but this documentation should satisfy the Portuguese tax authority's requirements for your foreign tax credit claim. Make sure to keep copies of everything you submit!

I went through this exact same situation last year! The 570/971 combo is frustrating but pretty standard - it just means they're doing some kind of verification review. Since your math is perfect and you filed early, it's likely just a random audit or income verification check. The good news is your transcript shows everything processed normally on 4/17, so you're definitely getting that $8,368 refund - it's just a matter of when. The 971 notice should arrive soon and tell you exactly what they need. In my case, it was just identity verification and took about 6 weeks total once I responded to their letter. Pro tip: keep checking your transcript weekly for updates. Once you see the 570 code reverse (showing as a negative amount), your refund should be released within a few days. Hang in there!

I'm dealing with the exact same codes right now - 570 and 971 from last month. It's so stressful when you're expecting that refund! From what I've researched, the 971 notice usually arrives within 2-3 weeks of the date shown on your transcript (so you should be getting it soon if you haven't already). The waiting is the worst part, but at least your transcript shows clean numbers with no penalties or interest accruing. That's a really good sign that it's just a routine review rather than anything more serious. Have you tried setting up informed delivery with USPS so you can see when the letter is coming? It won't speed up the process but at least you'll know when to expect it in your mailbox. Keeping my fingers crossed both our refunds get released soon! 🤞

Better question is do you qualify for HOH? Make sure you meet all requirements - supporting someone, paying more than half household costs, unmarried etc

Just to add to what others have said - the IRS cares about your actual residence, not your ID address. But definitely keep good records like lease agreements, utility bills, bank statements showing your address, etc. If you get audited, you'll need to prove you maintained the household at that address for more than half the year. The documentation is way more important than what's printed on your license!

Has anyone used TurboTax for reporting home sales after divorce? I'm in a similar situation and wondering if it handles the quitclaim situation correctly or if I need to use a CPA this year.

I went through a very similar situation a few years ago and can confirm what others have said about the basis calculation. The key thing to remember is that divorce-related property transfers don't create taxable events, so your cost basis remains the original $370k purchase price plus any qualifying capital improvements you made. One thing I'd add is to make sure you document everything properly on Form 8949 and Schedule D. You'll need to show the sale price ($640k), your adjusted basis (original cost plus improvements), and calculate your capital gain. Since you lived in the home as your primary residence, you should qualify for the $250k capital gains exclusion as a single filer. The payment you made to your ex ($25k based on the $420k valuation) was essentially buying out their ownership interest, but it doesn't affect your tax basis. Keep those divorce documents though - they support that the transfer was part of a divorce settlement under IRC Section 1041. If you haven't already, gather up any receipts for major home improvements during your ownership period. Things like HVAC replacements, flooring, kitchen/bathroom renovations, etc. can add up and reduce your taxable gain significantly.