I'm dealing with a similar situation! My amended return shows "completed" from October but still no refund. What I've learned is that there can be additional processing delays even after the completion status. A few things to try: 1) Check your bank account info on file - sometimes refunds get delayed if there's an issue with direct deposit details, 2) Look for any IRS notices in the mail - they might have sent something explaining the delay, 3) When you do call that number, try calling right at 7am EST for shorter wait times. Also worth noting that amended returns can take longer during tax season due to increased volume. Don't give up - you're entitled to that refund!

I've been through this exact same situation! When my amended return showed "completed" but no refund came, I found out there's often a separate review process that happens after completion, especially for larger refund amounts. The IRS doesn't always update their tracking system to show this additional step. In my case, it took an extra 6 weeks after the "completed" date. Since you mentioned needing the money for medical bills, definitely call that number - but here's a trick: call exactly at 7:00 AM EST when they open. The wait times are dramatically shorter. Also, when you get through, ask specifically about "post-completion processing delays" - this shows you understand their system and often gets you more detailed information. One more thing - make sure to check if they have the correct mailing address on file. Sometimes refunds get delayed because they're trying to mail a check to an old address. Hope this helps and you get your refund soon! 🤞

I've been through this exact situation twice now! The "Take Action" message with extension 623 is actually pretty standard for amended returns that have been sitting for a while. Don't panic - it's usually just routine verification stuff. My first amended return got this message after 7 months, and it turned out they just needed me to verify some charitable deduction amounts. The second time (different tax year), they wanted to confirm some business expenses I had claimed. Both times, the call took less than 30 minutes including hold time, and they were able to process my return immediately after verification. Pro tips that worked for me: - Call at exactly 7:00am on a Tuesday or Wednesday (avoid Mondays - everyone calls then!) - Have your calculator ready - they might ask you to add up certain line items - Keep a notepad handy to write down the rep's name and any reference numbers - If you amended to claim a larger refund, they might just need to verify your bank account info The good news is that once you get through this verification call, amended returns typically process much faster than the initial 16-20 week timeframe. Mine both processed within 10 days of the call. Extension 623 reps are specifically trained for this stuff, so they know exactly what to look for. You're in good hands!

I went through this exact same thing with my 2023 amended return! Got the "Take Action" message after waiting 9 months. The extension 623 line is specifically for amended return verifications, so you're definitely calling the right place. When I called (at 7:05am on a Wednesday), they just needed to verify some dependent information and a few deduction amounts. The rep was super patient and walked me through each item they were questioning. Had all my documents ready which made it go smoothly - took about 25 minutes total including hold time. The best part? They released my return for processing right there on the call! Got my refund direct deposited exactly 12 days later. My advice: call early (7am sharp), have both your original AND amended returns printed out, plus all supporting docs like W-2s and 1099s. Write down the rep's name and any confirmation numbers they give you. Don't stress - if it was a serious issue they would have sent you a CP notice by mail instead of just asking for a phone call. You've been waiting since June so you're definitely in the queue to get this resolved. The verification call is actually a good sign that they're finally processing the older amended returns! 🙌

This has been such an enlightening thread! I'm currently at about 520 hours annually managing my small portfolio of mixed-use properties, and I've been paying NIIT while wondering if there was a better way. The distinction between "rental real estate activities" and "real estate trade or business" that Giovanni brought up is fascinating - I never realized there could be a pathway to the 500-hour material participation test without full RE Pro status. My situation might actually fit this since I provide substantial services to my commercial tenants (maintenance coordination, security oversight, common area management, etc.) rather than just collecting rent. What really resonates with me is Paolo's advice about treating it like a business from day one. I've been somewhat casual about documentation, but I can see how having proper business infrastructure would strengthen any position with the IRS. I think I need to formalize my operations more - dedicated business lines, professional marketing materials, written policies and procedures. For those debating whether the effort is worth it vs. just paying the 3.8%, I think it depends on your long-term real estate goals. If you're planning to scale up significantly, establishing the right foundation now (both operationally and from a tax perspective) could save substantial money down the road. But if it's just a side investment, Dylan's point about focusing on growth rather than tax avoidance makes sense too. Thanks everyone for sharing your experiences - definitely giving me a clearer roadmap for my next steps!

This thread has been incredibly helpful! I'm in a similar boat with about 480 hours annually in my real estate activities, so I'm just shy of that 500-hour threshold everyone's discussing. What strikes me most is the complexity of determining whether real estate activities qualify as a "trade or business" versus passive rental activities. The cases Giovanni mentioned (Aragona Trust and CRI-Leslie LLC) are definitely worth researching further. It seems like the key is demonstrating that you're running a legitimate business operation rather than just being a passive investor who happens to be very involved. I've been tracking my hours in a basic spreadsheet, but after reading Paolo's advice about contemporaneous documentation, I realize I need to be much more detailed about the nature of each activity. Just logging "property management - 3 hours" isn't going to cut it if I ever face an audit. One question for those who've gone through this: how do you handle activities that span multiple properties? For example, if I spend an hour researching contractors that I might use across my portfolio, or time spent on general real estate education that benefits all my properties - do these count toward the material participation hours, and if so, how do you allocate them? The tax analysis tools mentioned here seem worth exploring, especially since my CPA admits this area isn't his specialty. Sometimes getting a second perspective can reveal opportunities or risks you hadn't considered. Thanks to everyone for sharing their real-world experiences - it's much more valuable than just reading tax code!

My tax person told me that for 2024, the rules are different if the total estate was over $13.61 million. Was your dad's estate really big beyond just the house? If it was over that amount, there might be estate taxes to consider, but most people don't hit that threshold.

Just want to add one important detail that might help - make sure you keep good records of the property appraisal that was done after your dad's death. That appraisal establishing the $285,000 value is what determines your stepped-up basis, and you'll want to have that documentation if the IRS ever questions your return. Also, since you mentioned this happened "last year," make sure the date of death and date of sale are both clearly documented on your Schedule D. The IRS likes to see that timeline to confirm you're handling inherited property correctly. If there was any time gap between when your dad passed and when the appraisal was done, you might want to note that as well. Sounds like you're on the right track with reporting zero gain - just make sure your paperwork is solid to back it up!

Anyone know if there's a way to opt out of the IP PIN program once you've opted in? I initially signed up after some concerns about identity theft, but now it feels like an extra hassle every year.

Just to add some clarity on the timing - I've been in the IP PIN program for 3 years now and the pattern is pretty consistent. New IP PINs are typically available online through your IRS account starting around December 28th-January 2nd. The physical CP01A notices usually arrive in the mail between January 10th-20th, depending on your location. I'd definitely recommend setting up your IRS online account if you haven't already - it's much more reliable than waiting for mail, especially if you're planning to file early. You can access it through the "Get an IP PIN" tool on IRS.gov once the new year hits. Just make sure you have all your previous year tax info handy for identity verification when you log in. Pro tip: Set a calendar reminder for early January to check your online account. That way you can get your PIN and file as soon as W-2s and other documents are ready!