Has anyone used TurboTax Self-Employed for this kind of situation? I'm in almost the exact same boat (working for a US startup while living in BC) and wondering if the software can handle this or if I need something more specialized.

As someone who went through this exact situation when I first started working remotely for a US company, I totally understand the stress you're feeling! The good news is it's more straightforward than it seems once you know what to do. Since you're being paid as a consultant, you're essentially running a sole proprietorship business in Canada. You'll report this income on Form T2125 (Statement of Business or Professional Activities) along with your T1 return. Convert your USD income to CAD using either the Bank of Canada's annual average exchange rate for 2023 or the daily rates when you received each payment - just be consistent. For expenses, definitely claim your home office costs! Calculate the percentage of your home used exclusively for work and apply that to your rent, utilities, internet, etc. Also claim any computer equipment, software, office supplies, and other business expenses. One thing others haven't mentioned - since you got your PR last year and moved apartments, make sure you update your address with CRA and claim any eligible moving expenses if the move was work-related. You likely don't need to file US taxes since you're a Canadian resident performing work in Canada, but double-check this if you have any US ties. Don't panic about the deadline - if you can't get everything done by April 30th, file anyway to avoid late filing penalties, then amend if needed. The CRA is usually reasonable about first-time self-employment situations when you make a good faith effort to comply.

As someone who recently went through a very similar estate filing process, I wanted to add a few practical tips that might help. First, regarding your calendar vs fiscal year question - I'd strongly recommend going with calendar year since it aligns with the standard tax year and will be much simpler when using TurboTax Business. The software is designed with calendar year in mind for most users. One thing I wish I'd known earlier: even though you're planning to have the estate pay all taxes directly, double-check that the total estate income won't push you over the threshold where K-1s become mandatory. With about $7,900 in gains, you should be fine, but it's worth confirming in the software. Also, regarding the timing of filing the 1040 vs 1041 - while there's no legal requirement about order, I found it helpful to complete the personal 1040 first. Sometimes there are items on the decedent's final return that can affect how you handle certain deductions or elections on the estate return. One last tip: when you check the "final return" box on the 1041, make sure you've actually distributed all assets and closed all estate accounts first. The IRS considers the estate closed for tax purposes when you file that final return, so you want to make sure everything is truly wrapped up.

does an estate fiscal year have to begin the day after the date of death, or can it it begin on the 1st of the month following death?

DDD bros! Mine's the same date but with Current bank. Will update when it hits my account. Hoping for early like you Chime people seem to get!

Same DDD 4/2/25 with Chime here! Just saw some people already got theirs today - checking my account obsessively now lol. Filed 2/15, got accepted same day, had a brief scare with a 971 code but that cleared up quick. My transcript shows the 846 with 4/2 date and refund amount matches what I calculated. Really hoping mine hits tomorrow since it seems like Chime is pretty good about releasing early! This whole process is so stressful every year but at least we're almost at the finish line. Will definitely update when mine comes through!

reminder that path act means NOTHING moves until after feb 15th no matter what cycle ur in... its a 🤡 show every year

Same situation here! Cycle 05 with EIC and filed early. My transcript updated this weekend too but still showing processing. From what I've read, we're basically in limbo until Feb 15th due to PATH Act, then it should move pretty quickly after that. Cash App has been solid for me in the past - they usually deposit as soon as the IRS releases funds, sometimes even a day early. Hang in there! 🤞

According to the Chime subreddit and their FAQ page (https://help.chime.com/hc/en-us/articles/115003305487-When-will-I-receive-a-direct-deposit-), they typically post government deposits including tax refunds up to 5 days early when they receive the deposit notification. I've been tracking my WMR status daily and just got my DDD of 3/8, so I'm in a similar situation. I'm slightly worried because my refund is larger than usual this year ($7,800 vs typically around $3,000), and I've seen some posts suggesting larger amounts might not get the early treatment. Has anyone experienced this with larger refunds?

Are we sure that the DDD is when the IRS sends the money and not when they expect your bank to have it available? Because if it's the latter, wouldn't Chime still need to receive the actual funds before making them available? Unless they're fronting the money based on the ACH notification? I've noticed with my previous bank (Wells Fargo) they would sometimes show the pending deposit 1-2 days before making it available, which makes me think the IRS sends it earlier than the DDD. Anyone have clarity on this?