Don't stress too much about the as-of date changes - I've seen this happen countless times and it's usually just the system doing background processing. The fact that it moved from March 1st to April 15th suggests they're still working on your return. With EIC and CTC claims like you mentioned, it's pretty normal for these dates to jump around while they do their verification checks. Keep monitoring for actual transaction codes like 846 (refund issued) or 570 (additional account action pending). The waiting game sucks but you're still well within normal processing timeframes!

I went through the exact same thing last month! My as-of date jumped from Feb 10th to March 31st with zero other changes, and I was freaking out thinking something was wrong. Turns out it was just their system doing routine processing checks. About 2 weeks after that date change, I finally got my 846 code and refund. The waiting is brutal but try not to read too much into the as-of date alone - focus on watching for actual transaction codes that indicate real movement. Hang in there! 🤞

I had the exact same thing happen to me last year! The "INFO" status with that adjustment message appeared even though I never requested anything. Turns out the IRS was just doing some routine account maintenance on their end. It cleared up after about 3 weeks and my refund processed normally. Since your previous years show $0 balances, you're probably fine - just the system being the system. But definitely keep an eye on it and maybe check back in a week or so to see if it updates.

I work as a tax preparer and see this "INFO" status frequently during this time of year. The IRS runs automated system updates in January/February to prepare for the upcoming filing season, which can temporarily lock access to account information. The fact that your 2022 and 2023 years show clean $0.00 balances is actually a good sign - it means those years are fully processed and settled. The 2024 "adjustment" message is likely just the system's way of saying "we're working on something in the background" rather than indicating any actual problem. Most of my clients who see this status have it resolve within 2-4 weeks without any action needed on their part.

Just amended my 2023 return last month. Used turbo tax and it wasnt too bad tbh

Just went through this exact situation last year! You definitely need to file the amendment separately - there's no way to combine tax years. I made the mistake of waiting thinking it would be easier and ended up paying extra interest. The good news is that if you owe money, the sooner you file the amendment, the sooner the interest stops accumulating on the additional amount. If you're getting a refund from the amendment, you'll want to file ASAP to get that money back. Don't procrastinate like I did!

Does anyone know if you have to pay the tax immediately when you buy the instrument, or just when you file taxes next year? I'm in a similar situation with my scholarship.

Just wanted to add another perspective on keeping records - I learned the hard way that you should also save your original scholarship award letter! Mine specifically outlined what expenses were allowed, and when I got audited two years later, that letter was crucial in proving which expenses I could legitimately treat as qualified vs unqualified. Also, if your scholarship comes from an outside organization (like yours does), they might not report it to your school on Form 1098-T, which means you'll need to be extra careful about tracking and reporting it yourself. The IRS will still expect you to report the taxable portion even if it doesn't show up on any forms they receive. One more tip - if you're unsure about whether something counts as qualified, err on the side of caution and treat it as taxable. It's better to pay a little extra tax than to get hit with penalties later for underreporting!

I ran into this exact issue! The trick is to look at Schedule E (Supplemental Income and Loss) from last year's return, not Form 4562 or 8582. Look at line 18 where it says "Depreciation expense or depletion" - that shows last year's depreciation. But FreeTaxUSA wants TOTAL prior-year depreciation, so you need to add that to the prior-year amount from the year before. If you've owned the property for multiple years, you'd need to add up all previous years' depreciation to get the cumulative amount that FreeTaxUSA is asking for. It's super confusing!!

As a tax professional, I want to clarify the confusion in this thread. The "Prior-Year Depreciation" that FreeTaxUSA is asking for is indeed the CUMULATIVE total of ALL depreciation taken on the property from the time you started depreciating it through your last filed return. This amount is found on Form 4562, Part IV, Line 22 (Summary section) from your most recent tax return. This line shows the total accumulated depreciation claimed on the property over all years of ownership, not just the previous year's depreciation. For Sean's situation with $15,730 - that's the correct cumulative amount to enter. Don't add anything to it or look elsewhere. FreeTaxUSA will use this to calculate your current year's depreciation and maintain the proper depreciation records going forward. The confusion often comes from the term "Prior-Year" which sounds like it means just last year, but in tax software context, it means "all years prior to this filing year combined.