This is such a great thread! I'm dealing with a similar situation right now - sold some inherited land last fall and just realized I never got my 1099-S either. Reading through all these responses has been incredibly helpful, especially knowing that address mix-ups are so common. I'm going to call the title company first thing Monday morning to check on this. One thing I wanted to add for anyone else in this situation - I spoke with my tax preparer about this exact issue, and she mentioned that if you're missing the 1099-S but have your HUD-1 settlement statement or closing disclosure, those documents actually contain all the same key information you need to properly report the sale. The gross proceeds, your basis, and the sale date are all there. Obviously it's still better to get the official 1099-S for your records, but it's reassuring to know you can still file accurately without it. Thanks to everyone who shared their experiences - this community is such a valuable resource during tax season!

I'm glad this thread helped so many people! Just wanted to share one more tip from my experience - if you're selling property and worried about missing tax documents, it's also worth checking with your real estate agent if you used one. Sometimes they keep copies of all the closing documents including the 1099-S in their files, especially if they've dealt with similar issues before. Also, for anyone who finds themselves in this situation during busy tax season, don't panic! The IRS is actually pretty understanding about missing forms as long as you make a good faith effort to report accurately. I had a friend who filed with estimated numbers from her closing statement when her 1099-S was delayed, then amended her return when she finally received the actual form. Everything worked out fine. The key is just being proactive and keeping good records of all your attempts to get the proper documentation. This thread is a perfect example of how helpful the community can be when you're navigating these tricky situations!

I'm going through this exact same situation right now and this thread has been incredibly helpful! I received a K-1 from a publicly traded partnership after selling shares early in the year, and like everyone else here, it shows zeros across all sections. What really struck me reading through all these experiences is how consistent the advice is from both tax professionals and people who've actually dealt with this - that these zero K-1s are essentially administrative compliance documents rather than actual tax events. The explanation about the IRS matching system focusing on unreported income rather than missing zero-value forms makes total sense. I was initially stressed about whether to amend my already-filed return, but after seeing so many real-world examples of people who kept the K-1 with their records without amending and had no issues, I'm convinced that's the right approach. The potential complications from amending (new errors, processing delays) seem to outweigh the minimal risk when there's genuinely nothing taxable to report. Thanks to everyone who shared their actual experiences - it's so much more reassuring than trying to interpret IRS publications alone! I'll be keeping my K-1 with my tax records but not amending my return.

I'm dealing with the exact same situation right now and this entire thread has been a lifesaver! Just received a K-1 from a brief partnership investment showing complete zeros across all sections, and I was absolutely panicking about whether I needed to amend my already-filed return. What's really struck me reading through everyone's experiences is how consistent the advice has been - both from tax professionals and people who've actually been through this. The explanation about these zero K-1s being administrative compliance requirements rather than actual tax events makes perfect sense, especially when you consider that the IRS matching system is designed to catch unreported income, not missing forms that show no income to begin with. I was leaning toward amending just to be "safe," but after seeing multiple real-world examples of people who kept their K-1s with their records without amending and had zero issues with the IRS, I'm convinced that's the right approach. The potential complications from amending (introducing errors, processing delays) definitely seem to outweigh the minimal risk when there's genuinely nothing taxable to report. This community has been incredibly helpful - there's something so much more reassuring about hearing actual experiences rather than trying to parse through dense IRS publications. I'll be following the consensus here and keeping my K-1 with my tax documents without amending. Thanks everyone for sharing your stories!

Don't forget to get the property formally appraised before transferring! This establishes the fair market value at time of transfer, which is crucial for gift tax purposes. If the house really is in bad shape, an appraisal will document the lower value and could save you thousands in potential gift tax implications.

Another important consideration - make sure you understand the cousin's tax situation too! When he receives the property through the quit claim deed, he'll inherit your "carried-over basis" rather than getting a stepped-up basis. This means if he ever sells the property later, he could face capital gains tax based on the original value when your wife inherited it. This might actually work in everyone's favor though - if the property has deteriorated significantly, his basis for future sales will be higher than the current fair market value, potentially giving him a tax loss if he sells later. Just something to keep in mind for family harmony - you don't want him to get surprised by unexpected tax implications down the road. Also, since you mentioned you've been paying property taxes and maintenance costs, make sure you're not entitled to any deductions for those expenses before you transfer the property. If it was being used as a rental property (even rent-free), there might be some deductions available.

For TurboTax specifically, they'll ask if you have self-employment income. Say yes, and then you'll be guided to the "Business Income" section. Enter your Patreon/Buy Me A Coffee as a sole proprietorship business. You can use your own name as the business name if you don't have a formal business name.

One important thing to remember is keeping track of your expenses throughout the year, not just at tax time! I wish someone had told me this when I started my Patreon. Set up a simple spreadsheet or use an app to log art supplies, software subscriptions, equipment purchases, and even things like packaging for rewards you send to patrons. Also, don't forget about the home office deduction if you have a dedicated workspace for your art. Even if it's just a corner of a room that you use exclusively for creating content, you can potentially deduct a portion of your rent/mortgage, utilities, and other home expenses. TurboTax has a simplified method that lets you deduct $5 per square foot up to 300 square feet, which is much easier than calculating actual expenses. The key is being organized from day one rather than scrambling to reconstruct everything come tax season!

I'm currently going through this process too - verified my identity with Michigan on March 6th and have been checking their "Where's My Refund" tool daily (probably too often!). Based on all the experiences shared here, it sounds like I should expect my refund sometime around March 27th-April 3rd. What's interesting is how consistent the 19-24 day timeline seems to be across different people and years. I moved to Michigan from New York last year, and NY's process was much faster but also less thorough. While the wait is frustrating, I appreciate that Michigan is being diligent about preventing fraud. Has anyone noticed if filing earlier in the season (like January) results in faster processing times, or is the 3-4 week timeline pretty standard regardless of when you file?

I'm currently in the same situation - verified my Michigan identity on March 8th and trying to figure out the timeline. Reading through everyone's experiences here has been incredibly helpful! It sounds like the consensus is 19-24 days is the typical range, which would put me around March 31st-April 5th for my refund. I'm also new to Michigan taxes (moved from Arizona last year) and was completely caught off guard by the verification requirement since my federal refund came through so quickly. It's reassuring to know this is standard procedure and not an indication that something went wrong with my filing. The consistency of everyone's timelines gives me confidence that Michigan's system, while slower than federal, is at least predictable. I'll try to be patient and stop checking the "Where's My Refund" tool quite so obsessively!