Has anyone here actually done what the OP is asking about? I'm in almost the identical situation (retired from state job, now working part-time with 401k access). My HR department at the new job got confused when I told them about my 457b contributions earlier this year. They kept saying I was over the limit already, but I showed them the IRS guidelines about separate limits.

I'm in a similar situation but with a twist - I'm 58 and considering whether to use the special 3-year catchup provision for my 457b or wait until I'm eligible for the regular age 50+ catchup. My state plan allows the special catchup starting 3 years before normal retirement age (which is 60 for me). One thing I learned from my benefits coordinator is that you can't use both the special 3-year catchup AND the age 50+ catchup in the same year - you have to choose whichever gives you the higher contribution limit. In most cases, the special 3-year catchup allows much higher contributions because it lets you make up for years when you didn't max out your contributions. For anyone considering this, make sure you understand your plan's normal retirement age definition. Some state plans define it differently than others, which affects when you become eligible for the special catchup provision.

My wife had this same issue last year. What worked for us was going to the loan servicer's website and downloading her account statement, which showed the forgiven amount. We then reported it as "Other Income" on our state return with a description like "Student Loan Forgiveness not reported on federal return." We didn't have a 1099-C either but never had any issues with our state return.

I went through this exact situation last year in Indiana! Here's what I learned from my tax preparer: even without a 1099-C, you're still required to report the forgiven amount as income on your state return. First, contact your loan servicer directly (or try their online portal) to get a written confirmation of the exact amount forgiven - they should be able to provide this even if they didn't issue a 1099-C. Some servicers weren't required to issue these forms for certain types of forgiveness programs. In TurboTax, when you get to the Indiana state section, look for "Additions to Income" or "Other Income" - there should be an option to manually add income that wasn't on your federal return. You'll enter it as cancellation of debt income with a note that it's student loan forgiveness. Keep all documentation (loan statements, forgiveness letters, etc.) in case the state ever asks for proof. The good news is Indiana's process for this is pretty straightforward once you know where to enter it. Don't stress too much - as long as you report the income in good faith with the best information available, you should be fine!

Wow, this thread is amazing! Thank you all for such detailed advice. I'm honestly a bit overwhelmed by how many great resources there are - I was expecting maybe one or two app recommendations and instead got a whole education roadmap! I'm definitely going to start with the VITA training materials and IRS Interactive Tax Assistant to build my foundation, then move on to practicing with TurboTax for the educational content. The idea of working through last year's documents (once I get them from my parents) and then trying different scenarios is brilliant. A few follow-up questions if anyone's still reading: - How long should I expect this learning process to take? I want to be realistic about timing. - Should I focus on understanding just the basics first, or try to learn about more advanced stuff like itemizing even if I probably won't need it yet? - Any red flags I should watch out for when practicing to make sure I don't accidentally mess something up? You've all been incredibly helpful - this community is the best! I feel so much more confident about tackling this independence milestone now.

This is such a fantastic thread! As someone who works in tax preparation, I love seeing young people take initiative to learn this stuff properly instead of just winging it. One resource I haven't seen mentioned that's absolutely gold for beginners is **Tax Brain** (https://taxbrain.com) - it's a free tax calculator where you can input different scenarios and see exactly how changes affect your refund or tax owed. It's perfect for those "what if" scenarios people mentioned, like "what if I contribute to an IRA" or "what if I have student loan interest." The cool thing about Tax Brain is it shows you the math step-by-step, so you can actually see how deductions and credits work instead of just getting a final number. I use it with clients all the time to demonstrate tax planning concepts. Also, since you mentioned wanting to understand deductions and credits, create a simple checklist of common ones that might apply to students/young workers: student loan interest deduction, education credits, earned income credit (if applicable), retirement contributions, etc. As you practice with different software, see which ones you qualify for and why. This way you won't miss anything when you file for real! You're going to be so much better prepared than most people. Keep asking questions!

This thread has been such a lifesaver! I was having the exact same panic when I first downloaded my transcript a few weeks ago. I actually called my tax preparer friend at like 9pm thinking there was some major error because I couldn't understand why the TIN and SSN numbers seemed to match. She basically laughed and explained what everyone here has said so perfectly - that for individual taxpayers, TIN is just the IRS's fancy way of saying "your Social Security Number." It's like when different government forms ask for your "driver license number" vs "state ID number" - same digits, just different official terminology. What really struck me reading through all these responses is how universal this confusion seems to be! It makes me feel so much better knowing that pretty much everyone goes through this same "wait, are these supposed to be the same?" moment when they start looking at their tax documents more closely. The matching last 4 digits you're seeing are exactly right, and honestly, it's a good sign that you're being thorough and double-checking everything. That kind of attention to detail will definitely help you catch any actual issues if they ever come up. Your transcript is showing exactly what it should, and you're all set for your 2024 filing!

I'm so relieved to see this thread! I had the exact same confusion when I first looked at my IRS transcript a few months ago. I kept thinking "there's no way these are supposed to be the same number" and spent hours googling trying to figure out if something was wrong with my account. Everyone's explanations here are spot-on - for individual taxpayers like us, TIN (Taxpayer Identification Number) is literally just the IRS's formal term for your Social Security Number. It's confusing because they use the terms interchangeably on different forms, making it seem like they should be separate numbers. I actually ended up calling the IRS (after waiting forever on hold) just to confirm this, and the agent explained it the same way everyone here has. She said the matching numbers are exactly what they should see in their system for individual taxpayers. Your transcript is completely correct, and those matching last 4 digits are confirmation that everything is properly linked in the IRS database. You can definitely file your 2024 taxes with confidence! It's actually great that you're being so thorough about checking your documents - that kind of attention to detail will serve you well throughout tax season.

One additional resource that might be helpful is the SEC's EDGAR database. You can search for IBM's Form 8-K filings from late 2021 which should contain the official details about the Kyndryl spin-off, including the exact distribution ratio and valuation methods used. I had a similar issue with a Verizon/Frontier spin-off a few years ago, and finding the original SEC filing gave me the definitive documentation I needed to convince my broker to make the corrections. The Form 8-K will typically include a section called "Material Agreement" or "Other Events" that describes the distribution terms in detail. Also, if you're still having trouble after trying all the excellent suggestions here, consider filing a complaint with FINRA if Fidelity refuses to correct obviously incorrect cost basis information. Brokers are required to maintain accurate records, and persistent refusal to fix clear errors can sometimes prompt faster resolution when regulatory pressure is involved. The key is being prepared with multiple sources of official documentation - the Kyndryl website allocation info, IBM's SEC filings, and any IRS forms the companies filed. Having that comprehensive paper trail makes it very difficult for a brokerage to claim the correction isn't warranted.

I just wanted to thank everyone who contributed to this thread - the collective knowledge shared here is absolutely incredible! As someone who was completely overwhelmed by this IBM/KD cost basis issue when I first posted, I now feel like I have a comprehensive roadmap for getting it resolved. The step-by-step guidance from folks who've been through the exact same situation, the professional insights from the CPA, the practical tips about timing calls to Fidelity, and the additional resources like SEC filings - this is exactly the kind of detailed, actionable advice that makes online communities so valuable. I'm planning to tackle this systematically using the approach outlined here: gather all the official documentation (IBM's spin-off materials, SEC Form 8-K, Form 8937 if available), create a detailed spreadsheet showing my original purchases and the proper 96%/4% allocation, then call Fidelity's cost basis department during off-peak hours and ask specifically about corporate action notifications for the IBM/KD spin-off. I'll definitely follow up in this thread once I get it resolved to let others know how it goes. Based on everyone's experiences, it sounds like persistence and having the right documentation should do the trick, but knowing about the FINRA complaint option as a backup is reassuring too. Thanks again to this amazing community for turning what felt like an impossible problem into a manageable process with clear next steps!