Cash App is notorious for this compared to traditional banks. When I used Bank of America last year, my refund showed up exactly on my DDD. When my sister used Cash App this year, hers took 4 days after the DDD to appear. Cash App seems to hold tax refunds longer than regular deposits. Most people in our tax Facebook group say to expect 2-5 business days after your DDD with Cash App specifically.

I'm going through the exact same thing right now! My DDD was also 02/26/25 with Cash App and still nothing. After reading everyone's experiences here, it sounds like Cash App commonly holds tax refunds for additional verification - even when they don't notify you. I'm going to call their tax refund support line first thing tomorrow morning. It's reassuring to know this seems to be a Cash App processing issue rather than an IRS problem. Will update once I hear back from them!

Also make sure you check if your home country has a tax treaty with the US that might affect how your investment income is taxed. Some treaties have specific provisions for students that override the general nonresident alien rules.

Just wanted to add another perspective here - I had a similar situation last year as an F-1 student with crypto losses. After going through all the research and even consulting with a tax professional, I can confirm what others have said: your crypto and stock losses generally don't need to be reported on Form 1040-NR since they're not effectively connected with a U.S. trade or business. However, I'd strongly recommend keeping detailed records of all your transactions anyway. Even though you're not reporting them this year, if your tax status changes in the future (like when you potentially become a resident alien), having that transaction history will be crucial for calculating your basis in any remaining positions. Also, regarding the missing Coinbase 1099 - they sometimes don't issue them if your total proceeds are under certain thresholds or if you only had losses. You can usually download your transaction history directly from their platform for your records. One last tip: if you're worried about the IRS questioning why you received a 1099 but didn't report the transactions, you can attach Form 8833 (Treaty-Based Return Position Disclosure) if your home country has a relevant tax treaty, or just include a simple statement as others mentioned.

I'm confused about one thing - are these really "overlapping" if they're from different sources? Like the 1099-NEC is from your client showing they paid you, and the 1099-K is from the payment processor showing money moved through their system. Aren't they documenting different aspects of the same transaction?

I went through this exact situation two years ago and can confirm it's not as scary as it seems! The key thing to remember is that the IRS computer systems are actually pretty sophisticated at identifying these overlaps. What I did was keep a simple spreadsheet showing each payment - the date, amount, client name, and which forms reported it (1099-NEC, 1099-K, or both). This made it super easy to see the total actual income versus what appeared to be "double reporting." On my Schedule C, I just reported my true total income from all clients. The IRS matching system will see that your reported income is reasonable compared to the information returns they received, even if those returns overlap. One thing that gave me peace of mind was talking to my tax preparer about it. She said this happens all the time now with payment processors being required to issue more 1099-Ks. The IRS has definitely seen this pattern before and has procedures to handle it. Keep all your bank statements and client contracts as backup documentation, but honestly you probably won't need them. The system works better than most people think!

mine did this last month and then boom💥 refund showed up outta nowhere. hang in there!

I'm going through the exact same thing! Filed in March and my transcripts went blank about 3 weeks ago, then WMR stopped working last week. It's so stressful not being able to see any status updates. I've been reading that when both go blank like this, it usually means they're finally processing it behind the scenes. Fingers crossed we both see movement soon! 🤞

I just use the IRS Tax Withholding Estimator online. It's free and lets you input your expected interest income. Then it tells you exactly what to put on your W4. I've been doing this for years since I have about $7k annually in interest and dividend income. Here's the link: https://www.irs.gov/individuals/tax-withholding-estimator It's pretty user friendly and you can adjust it throughout the year if rates change.

That's awesome that the IRS withholding estimator worked so well for you! I'm in a similar situation with about $5k in expected interest income and have been putting off dealing with it. Your experience just convinced me to actually use the tool instead of trying to calculate it myself. One thing I learned the hard way last year - make sure to update your withholding if your interest rates change significantly during the year. My high-yield savings account rate jumped from 4.5% to 5.2% mid-year and I didn't adjust, so I still ended up owing a bit more than expected. The IRS estimator lets you re-run it anytime, so now I check it quarterly just to make sure I'm still on track. Also, keep good records of all your monthly statements so you can track your actual interest earned vs. projected. Makes tax filing much smoother when you have everything organized!