Anyone using PetroDesk for this? My CPA recommended it but the price seems really high for what it does.

For what it's worth, I've been using Drake Tax software with their oil and gas module for the past 3 years and it's been solid for my needs. It handles both cost and percentage depletion calculations automatically and maintains basis adjustments year-over-year. The interface isn't the prettiest, but it gets the job done and is significantly less expensive than some of the specialized solutions mentioned here. The main downside is that it's really designed for tax professionals, so there's definitely a learning curve if you're not familiar with tax software. But once you get the hang of it, it's very reliable for depletion calculations across multiple properties. They also have decent customer support during tax season if you run into issues. Might be worth looking into if the other options seem too complex or expensive for your situation.

lol welcome to PATH act hell... we're all just stuck here together watching our transcripts like hawks 🦅

Been through this multiple times and here's what I've learned: During the PATH Act hold, the IRS is basically running automated checks on your return against databases like Social Security Administration for dependent info and Department of Labor for income verification. Your transcript will show "Processing Date" but won't move much until after Feb 15th. Once the hold lifts, things usually move fast - typically see 846 refund date code within 24-48 hours if no issues found. The key is patience during this period since it's completely automated and there's literally nothing you can do to speed it up.

22 Has anyone here used TurboTax for filing taxes in two states? I'm wondering if it handles this situation well or if I should use a different software.

One thing to keep in mind is that you may actually end up with a refund from Illinois since you overpaid them for those three months when you were living in Wisconsin. When you file your part-year resident returns, Illinois should refund you the excess withholding for the period you weren't a resident, and Wisconsin will calculate what you actually owe them for those months. The key is being precise about your move date - use the date you physically relocated and established domicile in Wisconsin, not when you updated your address with HR. Keep records of your lease signing, utility connections, voter registration changes, etc. as proof of your residency timeline in case either state questions it later.

Has anyone used TurboTax for claiming education expenses that aren't on the 1098-T? Will it flag this as an issue or let me enter additional qualified expenses?

This is a really common situation that many graduate students face! You're absolutely right that computers can qualify as educational expenses when required for coursework, and the fact that your 1098-T shows $0 doesn't prevent you from claiming legitimate additional expenses. For your $850 laptop purchase, here's what I'd recommend for documentation: keep that bank withdrawal record, any text/email communications with the seller, and definitely get something from your school showing computer requirements for your online courses. A syllabus mentioning required software or a program tech requirements page would be perfect. The key is being able to demonstrate that the computer was necessary for your education. Since you were taking online courses requiring video conferencing and specialized software, that's a pretty clear educational need. The IRS understands that not all educational expenses flow through the school's billing system. One thing to keep in mind - make sure you're eligible for the Lifetime Learning Credit based on your income limits and other factors. And if you end up getting audited (unlikely but possible), having that documentation ready will make the process much smoother. You're being smart to do this correctly rather than just skipping a legitimate deduction!

Have you already received notification that your refund was issued? And did you confirm with Bank of America that the account is fully closed, not just restricted? Sometimes banks will hold incoming government deposits even on 'closed' accounts, especially if the closure was recent.

I work in banking operations and can confirm that when a direct deposit hits a closed account, it's automatically returned to the originating agency (in this case, the IRS) within 1-3 business days. The IRS then has their own internal process that takes about 2-3 weeks to generate and mail a paper check to your address on file. One thing to definitely verify is that your mailing address on your tax return is current and correct - the IRS won't attempt to contact you about address changes for refund checks. You can't update your direct deposit info after filing, but you should receive your refund without any action needed on your part. Just keep an eye on your mail!