Ughhh I'm still waiting for mine and it's February 12th! This is sooo annoying because my tax guy needs all my docs by the 20th or he won't guarantee filing before April. Anyone else in the same boat? I had like 200+ trades last year so maybe that's why?

Still waiting on mine too! I've been checking the app every day like it's going to magically appear. I did a mix of stocks and crypto trades throughout 2024, probably around 150 transactions total. It's so frustrating because I usually file my taxes in early February to get my refund ASAP, but this year I'm stuck waiting on Robinhood. Has anyone tried downloading their transaction history and just calculating everything manually? I'm tempted to do that rather than wait until the 15th, but I'm worried I'll mess something up with the cost basis calculations or miss some dividend that got reinvested automatically.

I think everybody is overthinking this. If you have a rental property that isn't a triple-net lease, most tax pros consider it a business eligible for QBI. The 250-hour safe harbor just gives you automatic qualification and protection from challenges. I've been claiming QBI on my 3 rentals for years with no issues. I have property managers for all of them and probably spend less than 50 hours total on them each year. Unless you're blatantly ignoring all aspects of the property, you're probably fine.

I've been through this exact same situation and ended up working with a tax professional who specializes in QBI deductions. What I learned is that the key isn't just how many hours you spend, but the nature and regularity of your activities. In your case, regularly communicating with the PM about maintenance, HOA compliance, inspection scheduling, and tenant renewals actually demonstrates significant business involvement. The fact that you're making decisions and staying involved rather than just collecting rent checks is important. My CPA explained that courts have looked at factors like: Do you maintain separate business records? Do you actively market the property? Do you make business decisions about repairs, improvements, and tenant selection? Are you involved in setting rent rates? Even with a property manager handling day-to-day operations, if you can show you're actively managing the business aspects of the rental, you may have a solid case. The $2,600 in potential tax savings definitely justifies getting a professional opinion from someone who really knows QBI rules. I'd recommend finding a CPA who has experience with rental property QBI cases specifically - it made all the difference for me.

I'm in a similar situation right now - got my trace number about 3 weeks ago and checking my bank account obsessively! 😅 Reading through all these experiences is really helpful. It sounds like the 6-8 week timeframe is pretty standard, though some people get lucky with faster processing. One thing I'm wondering - has anyone had experience with traces during tax season specifically? I'm worried that being in peak filing season might slow things down even more than the typical timeline. My refund is for $2,800 and I really need it for some unexpected medical bills, so the uncertainty is killing me. Also, @Sofia Peña, your tip about keeping the trace reference number is gold! I definitely wrote that down after reading your post. Did you notice any pattern in what the agents told you during those check-in calls, or was it pretty much the same "still processing" response each time?

I've been through the trace process twice in the past three years, and I can share some insights that might help ease your anxiety while you wait. The first time took about 6 weeks for a direct deposit refund of $1,850, and the second time took 8 weeks for a paper check replacement worth $3,200. A few things I learned that might be helpful: 1. The trace timeline can vary based on the complexity of your case. If it's just a missing direct deposit, it's usually faster than cases involving lost checks or address changes. 2. Keep calling periodically (I'd suggest every 3-4 weeks, not every 2 weeks to avoid burning yourself out). Sometimes agents can see progress notes that indicate movement even when there's no final resolution yet. 3. If you're really concerned about planning your finances, consider that the 6-8 week timeframe they quote is usually from when the trace was INITIATED, not when you received the trace number. So if there was any delay between those two events, factor that in. 4. In my experience, once the trace is complete, the actual refund deposit/check issuance happens pretty quickly - within a week or so. The waiting is definitely nerve-wracking, but having that trace number really does mean you're in the system and they're working on it. Try to avoid checking your bank account multiple times a day if possible - it just adds to the stress! Good luck!

I'm a PATH Act filer too and have been anxiously checking my transcript daily! From my experience last year, the transcript usually updates first, but I've heard of a few cases where people got their deposit a day or so before the 846 code showed up. It's definitely not the norm though. If you're checking WMR (Where's My Refund), that sometimes updates faster than the transcript system. Also worth noting that if you're banking with a credit union or smaller bank, they might process deposits differently than the big banks. Have you tried calling the IRS taxpayer advocate line? Sometimes they can give you more specific info about where your return stands in the queue, especially if you're past the normal processing timeframes.

I've been a PATH Act filer for the past few years, and while it's technically possible to get your refund before the 846 code shows up, it's pretty rare. The transcript system and the actual disbursement system do occasionally get out of sync, but we're usually talking about a matter of hours, not days. What I've noticed is that PATH Act returns tend to process in waves - typically Wednesday nights and Friday nights are when you'll see the big batches of 846 codes appear. If you're not seeing movement today, I'd check again Friday morning and then Monday morning. The good news is that once PATH restrictions lift (which happened February 15th), the processing has been much more consistent this year compared to previous seasons. Are you seeing any other transaction codes on your transcript like 570 (additional account action pending) or 971 (notice issued)? Those can give you clues about where you are in the process. Also, keep checking Where's My Refund tool - sometimes it updates before the transcript does.

I had this exact situation last week! Got my 846 code yesterday and DDD for next week. Your probably close!

Same thing happened to me last year! The transcript updates way faster than WMR - sometimes by weeks. As long as you're seeing positive movement on your transcript with good codes, you're in the system and processing. The 846 will show up soon enough. WMR is notoriously unreliable, especially early in the season when they're still working out the kinks.