Double check that you entered both account numbers correctly on your tax form. I had this exact problem last year and turned out I mistyped one digit in my second account number. The money got sent back to the IRS and then I had to wait for a paper check which took almost 2 months to get to me. Check your Form 8888 if you have a copy of your return!

This is really common with split refunds! I've been splitting mine for the past 3 years and there's almost always a delay between the two deposits. The IRS processes them as separate transactions, so they don't hit your accounts at the same time. Since your transcript shows the full refund was issued, that's the important part - it means the IRS has sent both payments. The second one is probably just working its way through the banking system. Capital One can sometimes be slower than other banks to post ACH deposits. I'd give it until early next week before worrying. If it doesn't show up by Wednesday, call Capital One first to see if they have any pending deposits. They can usually see incoming transfers before they actually post to your account. If they don't see anything, then it would be worth calling the IRS to make sure there wasn't an issue with the account info. Don't stress too much - in my experience, the second deposit always shows up eventually, just not when you expect it to!

This is a really comprehensive discussion! As someone who's been through a similar conversion process, I want to emphasize one practical tip that saved me a lot of headaches: create a detailed spreadsheet right now with three columns - "Expense Description", "Date", "Amount", and "Category" (Personal Use vs Rental Use vs Post-Conversion). Go through all your receipts and categorize everything based on when it was purchased relative to your move-out date and when you started marketing the property. This will make your tax preparation much easier and provide clear documentation if you're ever audited. Also, don't forget about the smaller expenses that add up - things like cleaning supplies, light bulbs, basic maintenance items purchased after you moved out but before tenants moved in. These are often overlooked but can be immediately deductible as repairs/maintenance expenses. One last thing - if you're doing your own taxes, consider getting at least a consultation with a CPA who specializes in rental properties for this first year. The conversion from personal residence to rental property has some unique complexities that are worth getting right from the start. The consultation fee will likely pay for itself in properly maximized deductions and avoided mistakes.

As someone who's been managing rental properties for over a decade, I can confirm that the timing distinction everyone's discussing is absolutely critical. The IRS is very clear that expenses incurred while you're living in a property are personal expenses, even if your ultimate intention is to convert it to a rental. However, I want to add one important nuance that might help future readers: if you made any emergency repairs or maintenance items during those 7 months of renovations that were necessary to make the property habitable or safe (not improvements), and you can demonstrate that these were done in preparation for rental use rather than your personal comfort, there might be some gray area worth discussing with a tax professional. For example, if you had to fix a leaking roof or repair electrical issues for safety reasons, these might be treated differently than cosmetic improvements like new flooring or kitchen updates. The key is being able to show these were necessary repairs rather than elective improvements. Also, don't overlook the importance of establishing a clear "placed in service" date with documentation. I always recommend taking photos of the property in rental-ready condition and saving your first rental listing as proof of when you officially began seeking tenants. This documentation becomes invaluable if you're ever audited. Keep meticulous records - you'll need them not just for this year's taxes, but for calculating depreciation recapture when you eventually sell the property years from now.

Great question! I went through this exact situation last year and learned a lot about how survey income works with taxes. Here's what I discovered: The key thing to understand is that survey rewards ARE taxable income regardless of whether you receive any tax forms. The $400-500 you earned definitely needs to be reported on your tax return. For the 1099-K specifically - PayPal will only send you one if your total payments received through their platform exceed $600 for the tax year (this is the current threshold). If you're under that amount, you won't get a 1099-K, but you still need to report the income. Since you're doing surveys occasionally rather than as a regular business, this income should typically be reported as "Other Income" on Schedule 1 of your Form 1040, not as self-employment income. This is important because it means you won't owe self-employment tax on it, which saves you about 15.3%. Make sure to keep records of all your survey payments - PayPal should have a transaction history you can download. Even without receiving tax forms from the survey companies, you're responsible for reporting the income accurately. The IRS considers survey participation as being paid for your time and opinions, which makes it taxable income even though you're not technically an employee of these companies.

Adding to what others have said about the 1099-K threshold and reporting requirements - one important thing to keep in mind is that the IRS has been pretty clear that ALL income is taxable, regardless of whether you receive tax forms or not. For your $400-500 in survey income, you're definitely required to report it even without a 1099-K. The good news is that since this sounds like occasional survey participation rather than a regular business activity, you should be able to report it as "Other Income" on Schedule 1, which means you'll avoid the 15.3% self-employment tax. I'd recommend downloading your complete PayPal transaction history for the tax year to get an exact total of all payments you received. This will serve as your documentation since you likely won't receive any tax forms from the survey companies themselves. One tip that helped me: when reporting this on Schedule 1, I wrote something like "Survey rewards - various companies via PayPal" in the description field. This makes it clear what the income was if the IRS ever has questions, and shows you're being transparent about the source. The key is just making sure you report the full amount accurately, even though the process might seem confusing without receiving official tax forms.

Just wanted to chime in as someone who's been dealing with IRS accounts for years - what you're seeing is absolutely normal! The "Information Not Available" message for 2024 is standard because the tax year is still being processed. Think of it this way: the IRS system needs actual data to display, and since most people haven't filed their 2024 returns yet (and won't until March/April), there's literally nothing for it to show. Your 2023 balance of $0.00 is exactly what you want to see - it means you're completely current with no outstanding obligations. The adjustment disclaimer is just boilerplate text that appears whenever the system is in a "waiting for data" state. I've probably seen this same message dozens of times over the years and it always resolves once you file or when the IRS processes updates. Really nothing to lose sleep over!

Don't worry at all! I just went through this exact same thing a couple weeks ago and had the same panic moment. The "Information Not Available" message for 2024 is completely standard - it's basically the IRS system saying "we don't have any 2024 data to show you yet" which makes total sense since most people haven't filed their 2024 returns. Your 2023 showing $0.00 is actually perfect news - it confirms you're all caught up with no outstanding balance. That adjustment message is just standard disclaimer text that shows up whenever the system is in a "waiting for information" mode. I've been checking my account periodically and seeing the exact same thing, so you're definitely not alone! The info will populate once you file your 2024 return later this year. Really nothing to stress about - this is just how the IRS handles the current tax year before filing season gets into full swing.

Congratulations! That sudden change to $0.00 is exactly what you want to see. I went through the same thing last month - my balance showed amounts owed one day, then suddenly dropped to zero the next morning. Got my refund deposited exactly 5 days later. The fact that both 2023 and 2024 show $0.00 means the IRS has processed everything and cleared your account. This usually happens in the final stages before they release your refund. Pro tip: Download the IRS2Go app if you haven't already - it'll give you push notifications when your refund status updates. Also worth checking your transcript tomorrow to see if any new transaction codes appeared overnight. You're definitely in the final stretch now!

This is such great news! The sudden change to $0.00 across both tax years is definitely a positive indicator that your return has been processed and approved. I experienced something very similar last year - my balance showed amounts owed one day, then completely zeroed out the next morning. From what I've seen in this community, once your account balance drops to zero like this, you're typically looking at 3-7 business days before the refund hits your account. The IRS system updates are usually pretty accurate when they show these kinds of dramatic changes. Make sure to check your account transcript in the next day or two for transaction code 846 - that's the golden ticket that means your refund has been officially scheduled for deposit. You can access it through the same IRS account portal where you're seeing the $0.00 balance. The timing of this happening within just a few hours is actually really encouraging. It suggests the IRS systems are actively processing your case rather than it just sitting in a queue somewhere. Hang in there - you're almost at the finish line!