Something important that nobody's mentioned yet - make sure you establish your Solo 401(k) before December 31st of the tax year! You can fund it later (usually by the tax filing deadline plus extensions), but the actual plan needs to be established in the calendar year you want to contribute for. I learned this the hard way last year. Had a great year in my business, went to make a big Solo 401(k) contribution in March when doing taxes, and found out I couldn't because I hadn't set up the actual plan by Dec 31st. Ended up paying way more in taxes than necessary.

One thing to consider - if you're a W-2 employee somewhere else AND participating in your spouse's Solo 401k, make sure you watch the annual contribution limits. The employee contribution limit ($22,500 in 2023) applies across ALL your 401k plans combined. But the cool part is the employer contribution from her S-Corp doesn't count toward that limit! So she can still make the employer contribution of up to 25% of her salary even if she's maxed out her personal contribution elsewhere.

PSA: Be aware that the IRS is really ramping up enforcement on crypto. They added that question to the front page of Form 1040 asking if you've transacted in digital assets for a reason. With $325k, you're definitely on the radar. Better to go overboard with documentation than risk an audit where they assume zero cost basis.

Adding to what others have said - I work as a tax preparer and see crypto situations like this regularly now. The key is establishing a "reasonable method" for determining your cost basis when original records aren't available. Your transaction hash is gold - it proves exactly when the crypto entered your wallet. From there, you can use any reputable source for historical pricing (CoinMarketCap, CoinGecko, etc.) to establish what the fair market value was on that acquisition date. The IRS Publication 551 actually addresses situations where original purchase records are unavailable. Document everything: save screenshots of the historical price data you used, note which website/source you referenced, keep the transaction hash info, and write a brief explanation of your methodology. If you have any bank statements showing transfers to the exchange around that time, include those too. For a $250k gain, I'd strongly recommend having a crypto-experienced CPA review everything before filing. The peace of mind is worth the cost, and they can help ensure you're not missing any deduction opportunities or making any reporting errors that could trigger unwanted attention. One more thing - start thinking about quarterly estimated payments now if you haven't already. A gain this size could put you in underpayment penalty territory if you wait until next April to pay.

I tracked this exact scenario meticulously last year. TurboTax showed accepted on January 24th. Transcript showed absolutely nothing for exactly 26 days. Then suddenly my transcript updated with 16 different codes all at once. Refund deposited 8 days later. The systems are completely disconnected - I was shocked how the transcript went from empty to fully processed overnight with no intermediate steps!

This is totally normal and you're not alone! I went through the exact same panic last year. Think of it this way - TurboTax is like the post office confirming they received your package, but the IRS transcript is like the delivery tracking that doesn't update until it actually reaches the sorting facility. With PATH Act credits, your return is basically sitting in a special verification queue that doesn't show up on transcripts until they start processing it after mid-February. I filed January 31st last year, transcript showed nothing until February 22nd, then boom - everything appeared at once and I got my refund within a week. The waiting is torture but it doesn't mean anything is wrong! Just keep checking your transcript weekly rather than daily to save your sanity.

Pro tip: check your transcript again in about a week. Those zeros should start updating with actual numbers once they begin processing your return. The AS OF date might change too.

Those confusing dates are totally normal! The Request Date (Feb 17) being after the Response Date (Feb 16) happens because of time zones and when the IRS system processes requests vs generates the actual transcript. The "AS OF" March 3rd date is just the IRS's next processing cycle date - think of it like a snapshot date they use internally. All those $0.00 amounts are actually a good sign - it means your return was received and your filing status (Head of Household) is in their system, but they just haven't started the actual number crunching yet. The empty TRANSACTIONS section will populate with refund amounts, payment dates, etc. once they process everything. Since you filed for 2024, you're probably looking at 2-3 weeks before those zeros turn into real numbers. Keep checking weekly and you should see activity soon!

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I went through this exact same situation with my partner's kids last year! The IRS is definitely targeting these types of claims more heavily now. Here's what saved us time and stress: I used taxr.ai to help organize our response. It analyzed our audit letter and gave us a customized checklist of exactly what documents we needed. We gathered everything systematically - school enrollment records showing our address, medical records we paid for, grocery receipts, utility bills, bank statements showing regular support payments. The key is being super organized and thorough in your first response. Don't send random documents - make sure everything directly supports either the "lived with you more than half the year" or "you provided more than 50% support" requirements. Also get a notarized letter from yourself giving him permission to claim the non-bio kids. We got approved on our first submission! The peace of mind was totally worth it. Check out https://taxr.ai if you want help organizing everything properly.