The "As Of" date is the most confusing thing ever. Mine's changed like 5 times in the past month alone. What helped me was using taxr.ai to actually understand what was happening. It analyzed my transcript and explained everything in plain English. Found out my return was on hold for review but nothing to worry about. Got my refund a week later!

I've been dealing with IRS transcript changes for years and here's what I've learned: the "As Of" date changing usually means they're actively working on your account, which is actually a good sign! A 2-week jump like yours (May 15 to May 29) often indicates they're processing or reviewing something. The key thing to watch for is if any new transaction codes appear alongside the date change. Codes like 570 (additional account action pending), 571 (additional account action completed), or the golden 846 (refund issued) are what really matter. The date change by itself is just the system updating. Since you filed in February and it's been 3 months, you're definitely in the normal (though frustrating) timeframe for this year's processing delays. Keep checking your transcript every few days for new codes, and if nothing changes in the next 2 weeks, consider calling the Taxpayer Advocate Service for help. Hang in there - most people do eventually get their refunds!

One thing nobody has mentioned - if you're going this route, make sure you get a C Form 8913 with your tax filing if the medical improvement exceeds $15,000. My SIL got audited specifically because they missed this form even though they had all the documentation for their therapy pool. Just a heads up!

Great discussion everyone! I went through this exact situation two years ago when we installed a therapeutic pool for my mother's chronic back pain. A few additional points that might help: Make sure your doctor's letter specifically mentions that traditional physical therapy options are inadequate or inaccessible for your husband's condition. The IRS looks favorably on cases where the home medical equipment/facility is truly necessary rather than just convenient. Also, consider timing your installation and other major medical expenses in the same tax year if possible. Since you need to exceed 7.5% of AGI to get any deduction, bunching medical expenses can be strategic. We timed my mother's pool installation with some dental work and other procedures to maximize the deduction. One more tip - document EVERYTHING. Take photos during installation showing the medical-specific features (grab bars, ramps, therapeutic jets, etc.). Keep a therapy log showing frequency of medical use vs recreational use. The IRS audit team we dealt with was very thorough but fair when we had proper documentation. The whole process was worth it - we ended up deducting about $18,000 of the $35,000 total cost after subtracting the property value increase. Just be patient and meticulous with your record-keeping!

Mine was stuck on processing forever until I used taxr.ai - showed me there was an ID verification hold I didnt know about. Fixed it and got my refund in a week!

Been waiting 3 weeks on my Maryland refund too! The "processing" status is so vague - wish they'd give us more details about what's actually happening. At least with federal returns you can see more specific codes and stages. Maryland's system feels like a black box sometimes 😤

Has anyone actually used TurboTax to handle this kind of situation? I'm trying to figure out where exactly to enter this in the software and it's not very clear.

I went through something very similar with my Credit Suisse shares when they collapsed. The key thing I learned is that you need to determine whether you actually received anything in the acquisition or if your shares truly became worthless. For First Republic specifically, most retail shareholders received minimal compensation (often just a few cents per share) when JPMorgan acquired the bank. If this happened to you, you'd report it as an actual sale transaction on Schedule D - use the actual acquisition date (May 1, 2023), your original cost basis as the purchase price, and whatever minimal amount you received as the sale proceeds. However, if your shares genuinely became completely worthless with zero compensation, then you can claim them as worthless securities. The IRS allows you to treat the worthless security as if you sold it on the last day of the tax year it became worthless. Check your brokerage statements from May 2023 carefully - there should be some record of what happened to your First Republic shares. Most brokers sent out detailed notices about the acquisition process. If you can't find this info, call your broker directly - they're required to have records of corporate actions like this. The limit order issue you're having suggests your shares still have some minimal trading value, which means you haven't had a true "worthless security" event yet. You'd need to actually execute that sale to realize the loss for tax purposes.

I went through this exact same situation two years ago with my Pokemon card sales! The confusion is totally understandable, but here's what I learned: You absolutely need to report that $1050 profit even without a 1099. The IRS considers this self-employment income, so you'll use Schedule C. Don't let TurboTax trip you up - when it asks for a 1099, just skip that section and go to the business income/Schedule C area instead. Your original purchase costs are definitely deductible as Cost of Goods Sold - this is separate from your standard deduction, so no worries there. For the items where you don't have receipts, do some research on what similar items were selling for when you originally bought them. I had to do this for about 30% of my collection and the IRS accepted reasonable estimates backed by research. One thing that helped me was creating a simple spreadsheet with columns for: Item Description, Sale Price, Original Cost (or estimated), Shipping Cost, eBay Fees. This made entering everything into TurboTax much easier. The self-employment tax on that $1050 will be around $148, plus regular income tax depending on your bracket. Not fun, but definitely better than ignoring it and having the IRS find out later!

I'm a newcomer to this community and just wanted to say how incredibly helpful this thread has been! I'm in almost the exact same situation - sold about $2,500 worth of old gaming collectibles on eBay with roughly $800 in profit, no 1099, and I've been putting off filing because I was so confused about how to handle it. Reading through everyone's experiences has been a huge relief. The advice about using Schedule C, treating original purchase costs as Cost of Goods Sold, and the research methodology for missing receipts all makes perfect sense now. I especially appreciate the practical tips about batching similar items in TurboTax and the reminder that this is separate from the standard deduction. It's amazing how something that seemed so complicated and scary yesterday now feels completely manageable. Thank you to everyone who shared their experiences - you've probably saved me from making costly mistakes or paying way more than necessary to a tax preparer. Time to stop procrastinating and actually get this filed!