Just a heads up - even if you don't owe taxes because you're under the $250k exclusion, you STILL need to report the sale on your tax return! A friend of mine thought she didn't need to since she qualified for the exclusion, and ended up getting a notice from the IRS. When you sell, the title company reports the sale to the IRS using Form 1099-S. If the IRS gets that form but doesn't see the sale on your return, it can trigger questions. So make sure you complete Form 8949 and Schedule D even if your gain is fully excluded.

Great question! As others mentioned, you won't receive a tax form in the mail for your home sale - that's completely normal. The responsibility is on you to report it. Since you mentioned your gain is likely under $250k, you're probably in good shape for the exclusion, but definitely double-check that you meet the ownership and use tests (owned and lived in the home as your main residence for at least 2 of the 5 years before the sale). One thing I'd add to what others have said: make sure you keep detailed records of ALL your costs. Beyond the purchase price, don't forget to include: - Closing costs when you bought - Any capital improvements you made (new appliances, flooring, etc.) - Selling expenses (realtor fees, staging, repairs to sell) These all increase your basis and reduce your taxable gain. Even if you think you're under the $250k limit, it's worth calculating exactly to be sure. And as someone else mentioned, you'll still need to report the sale on Form 8949 and Schedule D even if the entire gain is excluded - the IRS will be expecting to see it on your return since the title company likely filed a 1099-S.

Just got my refund from Navy Fed this morning! My DDD was 2/23 but it hit my account today (2/21). They consistently deposit 2 days early for me every year. You should see yours tomorrow if the pattern holds. The wait is brutal but it's coming!

Navy Federal member here with some good news! I just checked the MyNavyFederal app and saw several people in the community forums reporting that 2/24 DDD refunds started hitting accounts this morning around 6am EST. Since your prep fees were already deducted yesterday, that's a really positive indicator - it means the IRS has already processed your refund and sent the payment file to Navy Fed. The timing usually works like this: fees get taken out → refund gets sent to bank within 24-48 hours → Navy Fed releases it 1-2 days before the official DDD. I'd suggest checking your account first thing tomorrow morning (2/22) around 6am when they typically process the overnight batch. If it doesn't show up by Friday morning, it'll definitely be there by your official DDD on Saturday. Try not to stress too much about the amended return - if you're seeing the DDD and fees were taken out, you're in the clear! The hardest part is behind you.

Def don't ignore the CP2000! Friend of mine thought his amended return would fix everything and didn't bother responding to the notice. IRS hit him with the full amount plus penalties. Took him almost 2 yrs to get it sorted. Even tho ur amended return might eventually fix it, the CP2000 system and amended return system are totally separate. Gotta respond to both or you'll be in a world of hurt. BTDT and it's not fun!

Just went through this nightmare myself last month! Got a CP2000 for $3,100 right after filing my 1040-X that showed I was owed $650. Here's what I learned the hard way: you MUST respond to the CP2000 notice even with an amended return pending. The IRS systems don't talk to each other automatically. I called the number on the notice (took 3 hours on hold but finally got through) and the agent put a collection hold on my account while they processed my amendment. She told me this is super common - they're processing millions of returns and the timing just gets wonky. Make sure to reference your 1040-X in your CP2000 response and include the date you filed it. Don't panic, but definitely don't ignore it either!

Has anyone used TurboTax for reporting this kind of stuff? I'm trying to figure out where to even enter these "services instead of rent" scenarios and it's not obvious at all.

This thread has been incredibly helpful! I've been struggling with similar rental income questions and the explanations here finally made it click for me. One thing I'd add from my experience - make sure to keep really detailed records of these arrangements. When my tenant started doing yard work in exchange for reduced rent, I created a simple log documenting the date, work performed, and value. This saved me during an audit last year when the IRS wanted to verify the "fair market value" of the services. Also, for anyone dealing with utility payments like the water bill example, I found it helpful to set up a separate tracking system. I record the full rent amount as income, then track each utility payment the tenant makes on my behalf as both an additional income item and corresponding expense. It keeps everything transparent and makes tax time much less stressful. The key insight from this discussion is that the IRS wants to see the full economic value of the rental arrangement, not just the net cash flow. Once you understand that principle, all these scenarios start to make sense.

Struggling with similar issues for weeks, I finally broke down and tried claimyr.com. Got connected to an IRS agent after trying for days on my own with no success. The agent actually gave me specific info about why my refund was delayed (verification issue they never told me about!) and I was able to resolve it. If you need actual answers instead of the runaround, it's worth trying.

I'm going through the exact same thing right now! Filed in early February with EITC, WMR shows received but my transcript still says N/A after 4 weeks. It's so frustrating when you're expecting that refund and have no idea what's actually happening. Thanks everyone for explaining that this is normal - I was starting to think my return got lost in the system or something. Going to try checking on Saturday mornings like someone suggested instead of obsessively refreshing every day. The waiting game is brutal but at least now I know I'm not alone!