Depending on what credits you claimed, your refund might be on a different schedule. For example if you have Earned Income Credit or Additional Child Tax Credit, those are automatically held until at least Mid-February even if you filed in January.

Don't stress too much about Tax Topic 152 - it's basically just the IRS's generic "we're processing your refund" message that shows up for most people. Since you filed electronically and it's only been 15 days, you're still well within the normal timeframe. The fact that you claimed the Child Tax Credit does add some processing time since they have to do additional verification to prevent fraud, but that's totally routine. I'd give it another week or so before getting concerned. The WMR tool only updates once a day (usually overnight), so checking multiple times won't show any new info. If you hit 21+ days with no update, that's when I'd consider calling or looking into other options to get more details about your return status.

Don't forget to look into cost segregation for your rental property! Instead of depreciating everything over 27.5 years, you can potentially break out components like appliances (5 years), carpeting (5 years), landscaping (15 years) etc. This accelerates your depreciation deductions in the early years. Also, take lots of "before" pictures and document everything. The IRS loves to challenge rental property deductions so having good records is crucial. I've been audited twice on my rental properties and good documentation saved me both times.

Make sure you understand the "placed in service" rules for your rental property. You can't start taking depreciation until the property is actually ready to be rented. If you're doing major rehab, depreciation starts when the property is habitable and you're actively trying to rent it - not when you first got the property. Also watch out for the passive activity loss limitations depending on your income level. If your rental shows a paper loss because of depreciation but your income is above certain thresholds, you might not be able to deduct those losses against your other income without some planning.

Has anyone used TurboTax for calculating and paying quarterly estimated taxes on capital gains? I'm in a similar boat as OP and wondering if its worth paying for.

Just went through this exact scenario last year when I sold some Microsoft stock my dad gifted me. One thing that really helped was keeping detailed records of everything - the original purchase date, price, and gift date. The IRS may ask for documentation to verify the cost basis, especially with older gifted stock. Also, don't forget about state taxes! Some states treat capital gains as ordinary income while others have preferential rates. Make sure you're calculating estimated payments for both federal and state if your state has income tax. For the quarterly payments, I'd recommend erring on the side of caution and making a payment for the quarter when you sold. Even if you end up overpaying, you'll get a refund when you file. Much better than dealing with underpayment penalties later!

Reason #47293 why I'm now making sure I owe a tiny amount each year instead of getting a refund. I'd rather pay them $50 than let them hold my $2000 hostage for a year with no recourse.

I'm so sorry you're going through this nightmare with the IRS. Your situation sounds incredibly frustrating and unfortunately all too common. Based on what others have shared here, it sounds like you have several good options to try: 1. **File Form 911 for Taxpayer Advocate Service** - This seems to be the most recommended route for cases like yours where normal channels have failed 2. **Contact your Congressional representative** - Multiple people here have had success with this approach, with some getting results in just 3 weeks 3. **Try to get the specific fax number** for the department handling your EIC case - one person mentioned this worked after 14 months of waiting The fact that you've been dealing with this since 2021 and haven't received a refund since then is absolutely unacceptable. The IRS's antiquated systems and understaffing issues don't excuse holding taxpayers' money hostage for years. I'd definitely start with the Taxpayer Advocate route and congressional contact simultaneously. Document everything - dates of calls, names of representatives, case numbers, etc. You shouldn't have to fight this hard for your own money. Hang in there and don't give up. Your refund belongs to you, not them.

Has anyone successfully done this using regular tax software like TurboTax or H&R Block? I have my original 2018 return I did through TurboTax but not sure if I can use it to create the 1040X or if I need to start from scratch.

I went through this exact situation last year with a missing W-2 from 2018! Here's what I learned that might help: First, don't panic - it's really not as complicated as it looks. The key is being methodical about it. Make sure you have your original 2018 return handy and the missing W-2. One thing I wish I'd known earlier: if the missing W-2 results in you owing additional tax, you'll want to pay that amount when you file the 1040X to minimize interest charges. The interest runs from the original due date (April 15, 2019) regardless of when you actually file the amendment. Also, keep copies of EVERYTHING. Your university will probably want proof that you filed the amendment, and with current IRS processing times being 20+ weeks, having documentation that you submitted it will be crucial for your financial aid office. The explanation section (Part III) doesn't need to be elaborate - just clearly state "Amendment due to missing W-2 from [employer name] not included in original filing" and attach the W-2 copy. Don't let the form intimidate you - most people overthink it. You've got this!