mine finally showed up after 3 weeks. just keep checking

Had the exact same issue! Filed through Jackson Hewitt in early January and WMR was showing "not found" for almost 3 weeks. Turns out JH had a small error in how they transmitted my SSN to the IRS. Called JH directly (not the IRS) and they were able to check their system and confirm the return was accepted but there was a processing delay on the IRS side. My refund finally hit my account yesterday even though WMR never updated. Don't panic - just give it a bit more time!

Quick question - I'm in a similar situation but I'll be renting my house for 3 years while I'm working abroad. Do the same deduction rules apply for longer rental periods? Anyone know if there are different considerations for longer-term rentals?

One thing I'd add that hasn't been mentioned - make sure you're keeping detailed records of everything! The IRS loves documentation for rental properties. I learned this the hard way during an audit a few years back. Create separate folders (physical or digital) for each type of expense: repairs, maintenance, insurance, property management, etc. Take photos of any work done on the property with timestamps. Keep all receipts, even small ones like supplies from Home Depot. Also, since you're planning to move back in March 2025, start a calendar now marking the exact dates the property was available for rent vs. when you lived there. This becomes crucial for prorating expenses and will save you headaches later when preparing your taxes. The depreciation everyone mentioned is huge - don't skip it! Even if you don't claim it, the IRS assumes you did for recapture purposes when you eventually sell. So you might as well get the tax benefit now.

I went through almost the exact same situation last year with my PayPal 1099-K showing around $85K in transactions from sports betting activities. The key thing that helped me was creating a detailed spreadsheet that separated: 1) Actual deposits TO sportsbooks (not taxable income) 2) Withdrawals FROM sportsbooks (potential winnings) 3) Money transfers with friends (definitely not taxable) 4) Net gambling wins/losses by session The 1099-K is just PayPal reporting gross payment volume - it's NOT all taxable income. You'll only pay tax on your net gambling winnings (if any). Since you mentioned having net losses, you might not owe additional tax from gambling at all. For the friend situation, keep clear records showing when money was just passing through your account versus actual gambling activity. Text messages, Venmo descriptions, etc. can all serve as documentation. I'd recommend going with a CPA who has gambling tax experience rather than H&R Block. The cost difference was worth it for the peace of mind and proper documentation.

I'm dealing with a very similar situation right now! Got my PayPal 1099-K showing about $67K in transactions, mostly from DraftKings and some peer-to-peer transfers for betting pools with friends. One thing I learned from my preliminary research is that you absolutely need to keep the friend transactions separate from your actual gambling activity. The IRS doesn't care about money that just flows through your account - they only want to tax actual gambling winnings. I'd definitely lean toward finding a CPA with gambling tax experience. I called around to a few tax preparers and was shocked at how many weren't familiar with the new 1099-K reporting requirements or how to properly handle online gambling situations. Also, start gathering your documentation now if you haven't already. Most sportsbooks let you download your complete betting history, which makes creating that detailed record much easier. Don't wait until tax season when you're stressed and rushing to get everything together. The good news is that if you truly had net losses for the year, you shouldn't owe tax on gambling income - but you still need to report everything correctly to avoid any red flags with the IRS.

I would be... cautious... about expecting it early. Last year I was in a similar situation and kept checking my account every hour. The stress wasn't worth it. In my experience, SBTPG rarely releases funds before the official DDD, even when they show as funded. If you need the money for something specific this weekend, I would suggest making alternative arrangements just to be safe. The banking system has specific processing windows, and weekend deposits especially can be unpredictable.

I've been through this exact scenario! When SBTPG shows "funded" without a trace number, you're basically in limbo until they generate that trace. From my experience, Credit Karma usually processes deposits pretty quickly once they receive them, but SBTPG is the bottleneck here. I'd say there's a small chance you might see it Saturday morning if they process it late Friday, but realistically plan for your DDD of 2/24. The trace number is key - once that appears, you'll usually see the deposit within a few hours. Keep checking SBTPG every few hours today and you should see that trace number pop up!

Have you thought about trying to sell some assets at a gain to balance out some of your income now? Might offset some of the tax hit.

I'm really sorry to hear about this situation - wash sale rules can be absolutely brutal for active traders who don't realize the implications until tax time. One thing that might help: if you're facing a large tax bill you can't pay immediately, the IRS does offer payment plans. You can apply online through their website for an installment agreement. There are fees involved, but it's better than facing penalties and interest on the full amount due at once. Also, definitely consider working with a CPA or enrolled agent who specializes in trading taxes. While they likely can't eliminate the wash sale issue entirely (since it's based on your actual trading activity), they can review your situation to make sure everything is calculated correctly and explore any available options. Sometimes there are errors in broker calculations or ways to optimize the timing of future sales. For next year, consider keeping better records of your trades and perhaps using tax-loss harvesting strategies that avoid wash sale violations. There are also some software tools that can help track this in real-time as you trade. The silver lining is that those disallowed losses aren't gone forever - they're added to your cost basis in replacement securities, so you'll eventually get the tax benefit when you sell those positions (without repurchasing).