This is a really common confusion that trips up a lot of people! The key thing to understand is that traditional IRAs (including rollover IRAs) don't track individual investments - they're treated as one big bucket where ALL withdrawals are taxed as ordinary income regardless of performance. When you withdraw from a traditional IRA, you can't claim capital losses like you would in a regular taxable account. That's actually one of the trade-offs of the tax-deferred treatment. The IRS doesn't care if specific stocks lost value - they just see it as you taking money out of a tax-deferred account. If you truly made after-tax contributions and never filed Form 8606, you definitely want to look into that. You might be able to file amended returns to establish your basis properly. As others mentioned, without that documentation, the IRS assumes everything is fully taxable. Also double-check whether those original contributions were actually after-tax or if you took deductions for them in previous years. Sometimes people forget they deducted IRA contributions on their tax returns, which would make them pre-tax money.

One thing that might help clarify your situation is to request an IRA basis statement from your custodian (the company holding your IRA). They should have records of any after-tax contributions that were properly reported when the money was rolled over or contributed. Also, if you're dealing with a rollover IRA from a previous employer's 401k, check if you have any old 401k statements that show after-tax contributions. Sometimes the 1099-R form from when you did the rollover will indicate if any portion was after-tax money (it would be coded differently). The frustrating reality is that the IRS puts the burden on taxpayers to track and document their after-tax contributions. Without proper Form 8606 filings, you're essentially losing the tax benefit of that after-tax money. But don't give up - many people have successfully filed amended returns to recover this basis, especially if they can document the original after-tax contributions through old pay stubs or 401k statements.

Former bank employee here - sometimes there's a delay between when a direct debit is initiated and when it actually posts to your account. The IRS processes payments in batches, and sometimes they don't even attempt to pull the funds until a day or two after the deadline. This happens a lot with government payments. As long as you initiated it before the deadline, the timestamp on their end shows you made the attempt on time. The actual settlement date isn't what determines if you're late or not.

This is such a common concern during tax season! As someone who's dealt with similar anxiety, I want to echo what others have said - you're in good shape. The key principle the IRS follows is that your payment is considered timely if you initiated it before the deadline, regardless of when the actual withdrawal occurs. I had a very similar experience two years ago where my direct debit didn't process until almost a week after the deadline, but because I had scheduled it through my tax software before April 18th, there were no penalties. The IRS systems create a record of when you authorized the payment, and that's what matters for compliance purposes. One thing that might give you additional peace of mind - if you log into your IRS online account in a few days and still see a balance due, don't panic. Their systems often show the balance until the payment fully processes, which can take several business days after it leaves your bank account. The processing delay you're experiencing is completely normal given the volume they handle during filing season. You've done everything correctly by filing early and scheduling the payment before the deadline. Try not to stress about it!

Could also be interest they paid you on your escrow account! My lender sent me a 1099 for $27.38 which was apparently the interest earned on my escrow funds. Totally forgot that was a thing, but if you live in a state that requires lenders to pay interest on escrow accounts, that might be it.

I went through this exact same confusion last year! In my case, the 1099-MISC was for a lender credit I received at closing that reduced my closing costs by $800. I had completely forgotten about it until I dug through all my closing paperwork. The tricky part is that these lender incentives (whether they're cashback, closing cost credits, or promotional bonuses) are considered taxable income by the IRS, even though they feel like discounts to us as borrowers. Your 1098 form for mortgage interest is completely separate and unaffected by this. If you still can't figure out what the 1099-MISC amount corresponds to, I'd recommend checking your Closing Disclosure (CD) form from your purchase. Look for any credits, rebates, or incentives listed there. The amount on your 1099-MISC should match one of those items. Sometimes they break down larger credits into smaller components too, so don't be surprised if the math isn't immediately obvious. When you file your taxes, you'll report this as "Other Income" and yes, you'll owe taxes on it at your regular income tax rate. It's annoying to discover after the fact, but at least now you know for any future home purchases!

PSA: DO NOT dm random ppl offering help with your taxes!!! Even if they say they dont need personal info, its sketchy af

Wow, $1,441 in interest is actually pretty decent compensation for the wait! I'm dealing with a similar amended return situation - been stuck since March with various holds. Your timeline gives me hope that things will eventually move. Quick question: did you notice any pattern with the cycle codes? Mine shows 20243605 on my last update and I'm trying to figure out if that means anything for timing.

Does anyone know if this is still an issue with Sprintax for the 2024 tax season? Their website seems to imply they can e-file everything now, but I'm skeptical after reading this thread.

This is exactly why I ended up switching to a different approach this year! After getting burned by Sprintax's misleading marketing last season, I did some research and found that most states simply don't have the infrastructure to accept e-filed returns from non-resident aliens - it's not just a Sprintax limitation. What worked for me was using the IRS Free File program for my federal return (since I qualified income-wise) and then going directly to my state's tax website to see if they had any online filing options for non-residents. Some states like New York actually do have basic online forms you can fill out and submit electronically, even as a non-resident. The key is to check your specific state's department of revenue website first before paying for any third-party service. You might be able to do everything yourself for free and avoid the paper mailing hassle entirely. Wish I had known this before spending money on services that can't actually deliver what they promise!