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Just got mine today! Filed Jan 29, got regular refund Feb 12, CTC hit my acct this AM. Was getting worried tbh. Checked the IRS2Go app every day lol. No status updates until it suddenly appeared. Hang in there!
Same situation here! Filed Feb 8th, got my regular refund on Feb 28th, but still waiting on CTC. After reading through all these responses, I'm feeling a bit more reassured that it's normal to be in different batches. Going to check my account transcript tomorrow for any TC 766 codes like @Melissa Lin mentioned. It's frustrating not knowing which wave you're in, but sounds like most people are getting theirs within the expected timeframes. Thanks everyone for sharing your experiences - this thread has been super helpful!
Another option: call the investment company and ask for a draft or preliminary K-1. Many partnerships have rough numbers before the final K-1s are issued. They might not offer this unless you specifically ask, but I've gotten drafts before when I pushed them. Just explain your filing deadline dilemma.
I actually tried that already! Called them twice and they claimed they don't have even preliminary numbers yet because they're "waiting on information from upstream investments" or something like that. Seemed like an excuse to me, but they wouldn't budge.
That's frustrating! In that case, I agree with the other suggestions about estimating based on last year. One thing to add - make sure you document your attempts to get the information. Save emails, note dates of phone calls, etc. This creates a paper trail showing you made good-faith efforts to report accurately. If your investment is with a larger company, try escalating to a manager or investor relations. Sometimes the frontline support people just give standard answers, but someone higher up might be more helpful.
Important detail - make sure to attach a statement to your return explaining the missing K-1 situation if you decide to file with estimates! This has saved me before. Write something like "The K-1 from XYZ Partnership (EIN XX-XXXXXXX) was not provided by the extended filing deadline despite multiple requests. Income reported is estimated based on prior year amounts and will be amended when the K-1 is received." This documentation helps establish good faith compliance.
Does this statement need specific formatting or can you just type it up and include it with your return? If filing electronically, where do you attach this explanation?
For electronic filing, you can usually attach the statement as a PDF in the "Additional Forms" or "Supporting Documents" section of your tax software. If your software doesn't have that option, you can include the explanation in the "Other Information" field on Form 1040 or add it as a rider statement. For paper filing, just staple it to your return. Keep it simple - one page explaining the situation, the partnership's name and EIN, and that you're using good faith estimates. The IRS just wants to see you made a reasonable effort to comply despite the third party delay.
Make sure to keep copies of EVERYTHING. Print your original return, the new 1040-X, and especially receipts showing the vehicle sales tax you paid. I did a similar amendment last year and the IRS sent me a letter asking for proof of the sales tax.
Hey Zoe! I went through this exact same situation a few months ago. The good news is that filing an amendment isn't as scary as it seems, and it definitely won't trigger an audit just because you're adding a legitimate deduction you forgot. A few things to keep in mind beyond what others have mentioned: 1. Make sure you have your vehicle purchase documentation handy - the sales contract, registration, and any receipts showing the exact sales tax amount. The IRS may ask for proof. 2. Double-check whether claiming the sales tax deduction is actually better than your state income tax deduction. You can only pick one, so run the numbers both ways. 3. When you fill out the 1040-X, be very clear in the explanation section about what you're changing and why. Something like "Adding previously omitted vehicle sales tax of $2,700 to Schedule A itemized deductions." The whole process took about 12 weeks for me to get my additional refund, so don't panic if it takes a while. Just make sure to keep copies of everything you submit!
Success story here! My return was in the errors department for EXACTLY the same reason. ⢠Filed on February 2nd with unemployment income reported ⢠Return went to errors department around February 15th ⢠No communication from IRS during this time ⢠Transcript updated on March 9th showing processing complete ⢠Refund deposited on March 14th The key is patience. They're just verifying the information against state records. Unless they contact you specifically asking for something, there's nothing you need to do except wait.
Thanks for sharing your experience! I'm dealing with the same situation right now - my return has been in the errors department for about 10 days due to unemployment compensation reporting. It's reassuring to hear from so many people who've been through this process. The IRS agent I spoke with mentioned it could take 2-4 weeks, which aligns with what others are saying here. I'm trying to stay patient and avoid the temptation to call every day for updates. Has anyone found that checking the transcript daily actually shows meaningful progress, or does it just update all at once when the review is complete?
Kevin Bell
Check your wage and income transcript too. Sometimes employers report different numbers than what you put on your return
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Emma Johnson
Code 570 with 971 typically means the IRS is doing a compliance review on your return, likely because of the Earned Income Credit claim. Since your AGI is $11,786 with self-employment income of $2,793, they're probably verifying your eligibility for the EIC amount. The good news is your math checks out - $427 SE tax minus $961 EIC minus $46.65 other credit = $580.65 refund. Just keep checking your transcript weekly for updates. The review usually takes 6-10 weeks from the processing date (March 20), so you should see movement by late May/early June if everything verifies correctly.
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