took 4 months for me but that was back in 2022. heard its way worse now ngl

Filed my 1040X in July and just got processed last week - took about 28 weeks total. The key thing that helped me was setting up an IRS online account to check my transcript directly. WMAR never updated for me but the transcript showed movement about 2 weeks before I got the actual refund. Hang in there, September filers should start seeing movement soon!

Don't forget to check the math yourself! I had a similar situation and it turned out the IRS actually calculated correctly - I had missed a tax credit I was eligible for when I did my amended return. Pull out all your documents and try to reverse-engineer their math. Sometimes what looks like an error is actually them finding something in your favor that you didn't claim.

As someone who's dealt with IRS overpayments before, I'd echo the advice about not spending the extra money and being proactive about contacting them. One thing to keep in mind is that the IRS has up to 3 years to identify and request repayment of overpayments, and they will charge interest from the date you received the refund. When you do contact them, ask specifically for them to put a note in your account that you called to report the potential overpayment. This creates a paper trail showing you acted in good faith, which can be helpful if there are any disputes later about interest or penalties. Also, make sure to keep detailed records of everything - copies of your original return, amended return, the CP24 notice, the refund check, and any correspondence. If this does turn out to be an error, having all the documentation organized will make the resolution process much smoother. The silver lining is that dealing with this proactively now is much easier than trying to sort it out years later when memories are fuzzy and documents might be harder to find.

Don't forget there's another option too - Section 179 deduction which lets you deduct the full purchase price of qualifying equipment. The limits are much higher ($1,160,000 for 2024). The difference is that with de minimis you're saying these are supplies/materials rather than capital assets, while with 179 you're still categorizing them as assets but electing to fully depreciate in year 1.

Quick tip from someone who got audited on this exact issue: Make sure you keep DETAILED records of each item. The IRS flagged my return because I had lumped several tools together as "workshop equipment" for $3,800, but when they looked at the individual receipts, no single item was over $2,500. I still qualified for de minimis, but had to go through the hassle of providing all my receipts.

Does anyone know if you need to collect sales tax for garage sales? My neighbor said her cousin got fined in California for not collecting sales tax at her yard sale.

I had a similar situation last year and ended up consulting with a tax professional just to be safe. They confirmed what others have said here - if you're selling personal items at a loss (which is almost always the case with garage sales), there's no taxable income to report. The key test is whether you made a profit. Since you mentioned selling items for way less than you originally paid, you're dealing with personal losses, not income. The IRS doesn't allow you to deduct these losses, but they also don't tax them as income. Keep some basic records of what you sold and approximate original costs just in case, but you shouldn't need to complicate your tax return with this. A one-time garage sale of personal household items is very different from running a business or regularly buying/selling for profit.

Just be careful with those sportsbook statements. I got audited last year because the total withdrawal amount from my FanDuel account didn't match what I reported as gambling income. Had to explain that withdrawals ≠ winnings. I ended up creating a spreadsheet showing every single bet I placed, with dates and amounts. Total pain but saved me from owing penalties.

One thing that helped me was keeping a simple daily log throughout the year instead of trying to reconstruct everything at tax time. I just noted the date, platform, amount wagered, and result for each session. For your specific situation with $12,000 in combined winnings from FanDuel and Fanatics, yes you'll need to report that as income. Even though you had losses on DraftKings, those losses can only offset your winnings if you itemize deductions on Schedule A. The key thing to remember is that each individual winning session counts as taxable income, regardless of your overall net position across all platforms. So if you won $100 on Monday but lost $150 on Tuesday, you still owe taxes on that $100 win. Make sure you download and save all your account statements now before the platforms potentially purge older data. Some sportsbooks only keep detailed records for a limited time, and you'll want that documentation if the IRS ever asks questions.