I've seen a lot of posts about this issue with Credit Karma/TT refunds. Have you tried calling Credit Karma's customer service directly instead of relying on the app? I remember from last year that sometimes they can see pending deposits in their system before they show up in your account. Also, does your Credit Karma account have any history of holds on tax refunds from previous years?

This happened to me too! SBTPG showed funded on Tuesday, TT app was still pending, but the money actually showed up in my Credit Karma account Wednesday morning around 6 AM - a full day before my official DDD. The TT app didn't update to "completed" until Thursday afternoon, which was honestly ridiculous. Since you were funded on April 4th and your DDD is tomorrow, I'd bet money you'll wake up to the deposit in your account tomorrow morning. The apps are just terrible at syncing with the actual money movement. Check your CK account first thing when you wake up rather than stressing about what the TT app says. Good luck with your gig equipment purchases!

I'd strongly recommend getting a second opinion from a tax professional who specializes in 1031 exchanges before filing. While everyone here is correct that the boot is generally taxable in the year of sale, there can be some nuances depending on exactly how your exchange was structured. For example, if there were any complications with the original sale (like delayed closings or escrow issues) or if your QI agreement had specific language about when funds are considered "received," it might affect the timing. I've seen cases where the technical details of the exchange documents made a difference in how the IRS viewed the transaction. Given the significant tax bracket difference you mentioned between 2023 and 2024, it's worth investing in professional advice to make sure you're not missing any legitimate planning opportunities. A qualified tax attorney or CPA with 1031 experience should be able to review your specific documentation and confirm the proper reporting year.

I appreciate all the detailed responses here - this has been incredibly helpful in understanding the timing rules for cross-year 1031 exchanges. It sounds like the consensus is pretty clear that the boot portion needs to be reported in 2023 when I sold the original property, regardless of when I actually received the cash distribution. The advice about getting a specialist review is well taken, especially given the tax bracket difference I'm facing. While it seems like there's probably no way around reporting this in 2023, having a 1031 expert review my specific exchange documents could at least give me peace of mind that I'm not missing anything. For anyone else in a similar situation, it sounds like the key takeaway is to plan your sale timing carefully if you know you'll have boot in a 1031 exchange. The year you sell determines when you pay the tax, not when you get the money back from the qualified intermediary. Thanks again everyone - this community has been way more helpful than my QI was on the timing question!

To all those having trouble reaching a human at IRS. I just ran across this video that gave me a shortcut to reach a human. Hope it helps! https://youtu.be/_kiP6q8DX5c

Hey Phillip! I've been seeing this same message for about 10 days now. From what I've gathered talking to others and doing some research, this is basically the IRS's standard "we got your return and we're working on it" message. It doesn't necessarily mean there's a problem - they just haven't finished processing it yet. The 21 day timeframe is more of a guideline than a guarantee, especially during busy filing season. If it's been longer than 21 days from when they received it, that's when you might want to call them directly. In the meantime, just keep checking WMR every few days for updates. Hope this helps ease some worry!

My sister dealt with this exact situation! Her husband was in the Philippines while she was in the US with their son. The IRS actually flagged her return for review when she filed as Head of Household because they had record of her marriage from the I-130 petition. She had to provide extra documentation showing she qualified as "considered unmarried" for tax purposes. Just something to be aware of!

This is such a stressful situation, but you're definitely not alone in dealing with this confusion! Based on what you've described, you have a few paths forward: Since your husband is living abroad and you're supporting your daughter, you might actually qualify for Head of Household if you can demonstrate that you're "considered unmarried" for tax purposes. This requires living apart from your spouse for the last 6 months of the tax year and paying more than half the costs of maintaining your home. However, given the complexity with the I-130 petition and potential IRS scrutiny (as others have mentioned), Married Filing Separately might be the safer route to avoid any flags or requests for additional documentation. For the address issue with your husband's country not using postal codes - you can write "Foreign" in the ZIP code field or use "00000" as many tax software programs require something in that field. Definitely amend last year's return from Single to the correct status. The IRS is pretty understanding about honest mistakes, especially in complex immigration situations like yours. Have you considered consulting with a tax professional who specializes in international tax situations? They might be able to run the numbers both ways (HOH vs MFS) to see which gives you the better outcome while minimizing audit risk. Hang in there - tax season is stressful enough without immigration complications!

As someone who used to work for a tax resolution firm, I'd add one more thing - check if you received a closing letter for the CP-2000 (often a letter number 2030C). If not, you should absolutely call to verify the status. Sometimes the IRS makes adjustments based on information they receive from third parties without properly notifying you. Even if your account shows $0 now, if the issue isn't formally closed in their system, it could potentially come back later. The IRS operates on extremely slow timelines, and sometimes notices cross in the mail. Better to be 100% sure than to have this resurface years later with interest and penalties attached.

This situation is more common than you think, especially with older debt cancellations. The timing disconnect between when the CP-2000 was generated and when your online account updated is typical - the IRS systems don't always sync immediately. Since your online account shows $0 due, it's very likely that the IRS already processed information showing you either qualified for an exclusion (like insolvency) or determined the debt cancellation income wasn't actually taxable in your case. Credit card companies sometimes report cancellations incorrectly or the IRS receives corrected forms later. However, I'd strongly recommend calling the CP-2000 phone number to get official confirmation and ask for a closing letter. You want documentation that this specific notice has been resolved, not just that your current balance is zero. Also request an account transcript that shows the adjustment - this will give you peace of mind and protect you if anything comes up later. Don't ignore it completely, but also don't panic and pay money you might not actually owe. Get the official word first.