14 Just wanted to add something important - the 8606 form is absolutely critical for Backdoor Roth conversions regardless of what code is on your 1099-R. I've been doing backdoor Roth conversions for 7 years and here's what I've learned: 1) Form 8606 establishes your "basis" in your traditional IRA, which is essential for tax-free conversion 2) Without it, the IRS assumes your entire conversion is taxable 3) There's a $50 penalty for not filing it, but the bigger issue is potentially paying taxes twice on the same money 4) You need to file it EVERY year you do a conversion The distribution code debate is secondary to making sure you have proper documentation with Form 8606. I'd recommend filing an amended return ASAP.

9 Edward Jones is 100% right on this. I'm a tax preparer and see this confusion all the time. Code 2 means "Early distribution, exception applies" which is EXACTLY what a backdoor Roth conversion is - it's technically an early distribution but exempt from the 10% penalty. Code B is for "Designated Roth account distribution" which is for EMPLOYER plans like 401ks, not IRAs. Your CPA has mixed up retirement account types. I'd suggest: 1. File an amended return ASAP with Form 8606 2. Consider finding a new CPA who understands Backdoor Roth conversions 3. In the future, specifically tell your tax preparer about any special situations like this

When I was new to taxes I accidentally claimed a college credit I wasn't eligible for. THAT was a real mistake that got me a letter from the IRS. They don't generally bother you over technicalities that don't change what you owe. The stocks thing sounds like a non-issue to me.

I'm in a really similar boat! I got some free stocks through Robinhood's referral program last year and totally spaced on them when doing my taxes. Reading through all these responses is making me feel so much better - sounds like as long as we didn't actually sell anything or get meaningful dividends, we're probably fine. It's kind of reassuring to know this happens to a lot of people. I was spiraling thinking the IRS was going to come after me for like $8 worth of free stock I forgot I owned. Definitely going to be more careful about that question next year though!

I understand your concern about the transcript status. Based on what you've described, here's what's happening: • Address updates often process separately from return status updates • The system is acknowledging your new information (good sign) • The "not filed" status will likely update within the next 7-10 days • This pattern is especially common with address changes or newly married filing status changes Many of us have experienced this exact sequence, and it typically resolves itself without any action needed on your part. The fact that your new address is showing means your return is definitely in the system and being processed.

Thanks for sharing this question - I'm actually going through something very similar right now! Filed about 3 weeks ago and just noticed my transcript updated with our new address but still shows "not filed" status. It's reassuring to see from the other comments that this seems to be a normal part of the process. I was starting to worry something went wrong with our return, but it sounds like the IRS systems just update different pieces of information at different times. Going to give it another week or two before I start panicking. Fingers crossed we both see our status update to "filed" soon!

I used to work in broker operations and can tell you that escalating to the compliance department might be more effective than continuing with customer service. Every brokerage has a compliance officer who takes regulatory reporting very seriously. Send a formal written complaint addressed to "Chief Compliance Officer" at the brokerage firm. State clearly that you are filing a formal complaint regarding incorrect tax reporting. Mention that you are considering filing complaints with FINRA, the SEC, and your state securities regulator if not resolved within 15 days. This typically gets routed to someone with actual authority to resolve issues and bypasses the customer service runaround.

As someone who's dealt with similar brokerage reporting issues, I'd recommend a multi-pronged approach to maximize your chances of resolution. First, definitely follow Paolo's advice about contacting the Chief Compliance Officer via certified mail - that's probably your best bet for getting someone with actual authority involved. The formal complaint language he suggested should cut through the bureaucratic delays you've been experiencing. Second, while you're waiting for that response, I'd also suggest filing complaints with both FINRA and your state securities regulator simultaneously. Don't wait - these complaints are free to file and create additional regulatory pressure. Many states have securities divisions that are very responsive to investor complaints. Third, consider reaching out to your state's attorney general office. Many have consumer protection divisions that handle investment-related complaints, and they often have more leverage with financial firms than individual consumers do. Finally, document absolutely everything going forward - dates, times, names, what was promised. If this eventually requires legal action, having a detailed timeline will be crucial. The fact that they've acknowledged the error multiple times but failed to fix it for months suggests this isn't just an oversight - it might be a systematic issue with their reporting process. Your persistence in seeking resolution could help other traders who might be facing the same problem. Stay strong - you're in the right here, and these suggestions should help break through the stonewalling you've been experiencing.

The IRS really needs to make this stuff more user friendly istg

I feel you on the confusion! Just went through this same thing last month. The "As Of" date basically just shows when the IRS computers last touched your account - it's NOT your refund date unfortunately. Your cycle code 05 means you're on the Thursday update schedule, so any changes to your transcript will typically show up on Thursday mornings. That April 15th date you're seeing is probably related to the tax deadline, not your specific return. The real timeline depends on so many factors - whether you have credits like EITC/CTC, if there are any review holds, etc. Most people are seeing 2-3 week processing times right now if there are no issues. Keep checking your transcript on Thursdays since that's when cycle 05 accounts update! 🤞