Filed 1/29, accepted same day, transcript updated last night with DDD 3/1! there is hope yall!

Filed 2/3 with 1 dependent and still waiting too! Emerald card shows $0 but WMR says "still being processed" - anyone know if the card balance updates before or after the IRS transcript shows the DDD? First time using H&R Block so not sure what to expect

Has anyone else had issues with CashApp Taxes not accepting "Various" as an option for acquisition date? I'm having the same merger stock issue but the software keeps forcing me to enter a specific date!

I went through this exact same situation two years ago with a company spinoff! Just to add another perspective - if you're really unsure about the acquisition date, you can also attach a statement to your return explaining the situation. I ended up using the merger date as my acquisition date and included a brief note that said "Acquisition date based on merger completion date as original purchase date not available on 1099-B." The IRS never questioned it, and my CPA said this kind of documentation can actually help prevent issues later if there are any questions. Also, since you mentioned this is your first time dealing with 1099-B forms - make sure you're reporting the sale on Schedule D even if the gain/loss seems small. I almost skipped it my first year thinking it didn't matter, but everything has to be reported regardless of the amount.

dont stress yet bestie, mine took 4 days to accept this year but refund came quick after that 💅

I'm on day 5 now and finally got accepted this morning! So there's definitely hope for everyone still waiting. The new fraud detection systems Isabella mentioned seem to be the culprit - my CPA said they're seeing 4-6 day acceptance times as the new normal for 2025. Hang in there!

One thing nobody's mentioned yet - Form 3921 reporting gets more complicated if your company goes public after you exercise options. I had this happen and suddenly had to deal with calculating AMT adjustments for shares I exercised years ago!

For anyone dealing with ISOs and Form 3921, here's a simple way to think about it: the form is just documentation, not something you actively report on your current return if you didn't hit AMT. However, I'd strongly recommend setting up a simple tracking system now. Create a folder (physical or digital) specifically for stock option documents and include: - Your original option grant agreements - Form 3921 for each exercise - Any company valuation documents from around exercise dates - Records of any AMT calculations you did This becomes crucial later when you sell. The IRS will want to see that you properly calculated your basis, and having everything organized makes that process much smoother. I learned this the hard way when I sold shares three years after exercising and had to hunt down old paperwork! Also worth noting - if your company ever gets acquired or goes public, the tax implications can change retroactively for shares you've already exercised, so keeping detailed records protects you in those scenarios too.

Be careful about assuming all of a 1099-Q is non-taxable. I learned this the hard way... If any part was used for non-qualified expenses or if your scholarships covered the qualified expenses that the 529 was also used for, you could owe taxes on some of it.

@Miguel - First, definitely don't ignore this! As others mentioned, the IRS already has a copy of your 1099-Q. Here's what I'd recommend doing step by step: 1. Contact the financial institution that issued the 1099-Q (their info should be on the form) and ask for account details - who set it up, when, and payment history 2. Talk to your uncle again specifically about 529 plans - he might not realize that direct payments to schools from a 529 generate a 1099-Q to you as the beneficiary 3. Gather all your qualified education expense receipts (tuition, required fees, books, supplies, equipment) The amount being higher than your tuition isn't necessarily a red flag - 529 distributions often include estimates for room/board, books, and other qualified expenses beyond just tuition bills. Most importantly, even if you get a 1099-Q, you likely won't owe taxes if the money went to qualified education expenses. The form is just reporting the distribution - it doesn't automatically mean taxable income. But you do need to report it properly on your return to show the IRS that it was used for qualified purposes.