Slightly off topic but does anyone know if I need to report crypto transactions the same way as stock transactions on 1099B? I sold some bitcoin and ethereum last year but I didn't get any tax forms from the exchange. Do I need to report each individual crypto sale or can I just report the total gains? The tax treatment for Capital Gains / Capital Loss reporting is so confusing with crypto.

I've been dealing with this exact same issue for the past few years. One thing I discovered that might help - if you're using TaxAct, there's actually a "bulk entry" feature for Capital Gains that's kind of hidden in the interface. When you get to the 1099-B section, instead of clicking "Add Transaction" repeatedly, look for a link that says something like "Enter multiple similar transactions" or "Batch entry mode." This lets you enter summary totals for transactions that have the same characteristics (same term length and basis reporting status). The key is making sure you have all your transactions properly categorized first - short-term vs long-term, and covered vs uncovered securities. You'll still need to enter them as separate summary entries for each category, but it's way faster than individual transaction entry. Just make sure to keep a detailed backup spreadsheet with all individual transactions in case the IRS ever asks for supporting documentation. I learned this the hard way when I got a CP2000 notice one year and had to reconstruct everything from my brokerage statements.

At least you got movement! Mine's been stuck on N/A since February 💀

I'm seeing the same pattern on my transcript! Got the 570 freeze about 2 weeks ago after initially showing all zeros. The waiting is brutal but at least we know they're actively working on our returns. From what I've read, once you see those codes it usually means you're in some kind of verification queue. Keep checking your mail daily - that notice will tell you exactly what they need. Fingers crossed we both get movement soon! 🤞

Something else to consider: insurance costs differ significantly between short-term and long-term rentals. I pay about 60% more for insurance on my Airbnb property vs my long-term rental. This is deductible, but affects your bottom line. Also, if you're comparing profitability, remember to account for vacancy rates with short-term rentals and management fees if you're not handling everything yourself. These factors can drastically change which option makes more financial sense after taxes.

Great discussion everyone! As someone who's been through this exact decision, I'd add that you should also consider the depreciation recapture implications long-term. With short-term rentals classified as business income, you might face different recapture rules when you eventually sell the property compared to long-term investment property. Another factor that helped me decide: cash flow timing. Short-term rentals give you more frequent income but also more frequent expenses (cleaning, restocking, maintenance between guests). Long-term rentals are more predictable but you're stuck if you get a problem tenant. Given your $95k salary, you might also want to look into whether you qualify for real estate professional status if you go the short-term route and put in enough hours. This could potentially allow you to deduct rental losses against your W-2 income, though the requirements are pretty strict (750+ hours annually in real estate activities). One last tip: whichever route you choose, set up a separate business checking account from day one. Makes bookkeeping and tax prep so much easier, and the IRS likes to see clear separation between personal and rental activities.

I'm surprised nobody mentioned checking your last paystub from 2022! It should have your year-to-date income and withholding information which would be really close to what's on your W-2. You can use that to file if you're in a real pinch.

I work in HR and can confirm that The Cheesecake Factory uses Workday for their payroll system. As a former employee, you should still have access to your Workday account - the login credentials are typically your employee ID and either your SSN or a password you set up during onboarding. Try going to myworkday.com and looking for The Cheesecake Factory's specific login portal. If you can't remember your login info, there should be a "Forgot Password" or "Account Recovery" option. You'll need your employee ID (which should be on any old paystub) and your SSN to reset access. If that doesn't work, call their corporate HR line at 1-818-871-3000 and ask to speak with someone about accessing your W-2 as a former employee. They deal with this situation constantly and should be able to help you get logged in within a few minutes. Don't let them brush you off - you have a legal right to that document! Also, just so you know for future reference, most large employers are required to make W-2s available electronically to former employees through the same system they used while employed. They just don't always make this clear when people quit.

As someone new to the US tax system, I can understand how confusing this must be! Based on what everyone's shared here, it does sound like your refund amount disappearing from WMR is likely indicating an offset situation. Since you mentioned this is your first time filing in the US, you might not be aware of all potential debts that could trigger an offset - these can include federal student loans (even from before you became a US taxpayer), unpaid state taxes from any state you've lived in, child support, or other federal debts. I'd recommend calling the Treasury Offset Program at 800-304-3107 as Logan suggested - they can tell you immediately if there's an offset and which agency is claiming the debt. This will give you answers much faster than waiting for the mail notice. Don't worry too much though - as Jade mentioned, you'll likely still receive whatever portion of your refund remains after the offset is applied!

Hey Jeremiah! As a fellow community member, I wanted to chime in with some reassurance. What you're experiencing is actually pretty standard when the Treasury Offset Program kicks in. The fact that your name and filing status are still showing means your return was processed correctly - the missing refund amount is just the system's way of indicating they're applying an offset for existing debt. Since you mentioned you're new to filing in the US, you might not realize that even old debts from before you became a regular taxpayer can trigger these offsets. The good news is that if your original refund was larger than the debt, you'll still get the difference! I'd definitely call that Treasury Offset number (800-304-3107) that others mentioned - they can give you the full picture immediately rather than waiting weeks for a letter. Don't stress too much about it - this happens to tons of people and doesn't reflect poorly on your tax filing at all.