Just wanted to share my success story that sounds very similar to yours: • Filed: February 12th • Called IRS: April 2nd • Was told: "Needs verification but already verified on March 25th" • Refund deposited: April 9th I was equally confused about how I was verified without doing anything, but I didn't question it! The refund showed up exactly 15 days after that mysterious verification date. So based on my experience: • You should see your refund around April 23rd • No action needed from you • This is apparently a normal process Hope this helps ease your mind a bit!

This happened to me as well! Filed on February 20th and when I called last week, the representative said my return needed identity verification but it had already been completed on April 3rd. I was so confused because I never received any letters or calls asking me to verify anything. After reading everyone's responses here, it makes much more sense - sounds like the IRS is getting better at using their automated systems to verify returns without bothering taxpayers. I'm still waiting for my refund but feeling much more confident now that everything is moving along normally. Thanks to everyone who shared their experiences and explanations - this community is so helpful for understanding these confusing IRS processes!

Just a warning from someone who went through this - make absolutely sure you keep SOME kind of documentation going forward! I got a similar 1099-K last year and thought I could just explain it away, but I ended up getting a letter asking for more information. What saved me was having screenshots of my original listings showing item descriptions that clearly indicated they were personal items (things like "moving sale" or "clearing out my collection"), plus PayPal transaction records showing I wasn't doing this regularly.

This 1099-K situation is so frustrating for people just selling personal items! I went through something similar and here's what I learned from my tax preparer: The key is being very clear about the nature of your sales. For your old personal items sold at a loss, you can report these on Schedule 1 (Additional Income) rather than Schedule C. Write something like "1099-K Personal Items Sold at Loss - Not Business Income" in the description. This avoids the self-employment tax issue entirely. For the blind box splits where you're breaking even, those might need to go on Schedule C since you're buying items specifically to resell (even at cost). But since you're not making a profit, your net income would be zero anyway. The most important thing is documentation. Start gathering whatever you can - PayPal transaction details, screenshots of listings, even photos of the items if you still have them. For older items without receipts, make reasonable estimates based on what you remember paying. The IRS allows "good faith" estimates for personal property. One thing that helped me was creating a simple spreadsheet showing: Item description, original purchase date/price (estimated if needed), sale date, sale price, and profit/loss. This clearly demonstrates you weren't running a profitable business operation. Don't panic about an audit - if you're honest and have reasonable documentation, you'll be fine. The IRS deals with this situation constantly now that the 1099-K thresholds have changed.

Something nobody's mentioned yet - if your employer is automatically withholding extra tax from your paychecks for the education benefits, make sure they're giving you documentation of the TOTAL education benefits provided, not just the amount over $5250. You'll need the full amount to properly calculate your exclusion. Also, check if your employer coded anything special on your W-2 regarding these benefits. Some employers will note education benefits in Box 14, while others just include them in your total wages without any notation. Knowing how they reported it helps determine how you need to handle it on your return.

I'm in almost exactly the same situation - clinical research job, employer paying for a similar master's program. One thing my tax advisor told me is to keep proof that I'm staying in my current field after completing the degree. Apparently, if you use the degree to switch careers within 12 months of completing it, the IRS might retroactively disallow the working condition fringe benefit exclusion. Just something to keep in mind - save performance reviews, job descriptions, etc. from before, during and after your education program to prove continuity in your career path.

I'm dealing with the exact same codes right now! Got 570 and 971 both dated 01/27/25 which matches my as-of date. Been checking my mailbox religiously but nothing yet. Reading through everyone's experiences here is actually making me feel a bit better - sounds like it's usually just routine verification stuff. @Ava Hernandez your timeline gives me hope that this won't drag on forever. Fingers crossed I get that notice soon so I can get this resolved!

I'm in the exact same situation! Got both codes 570 and 971 on my transcript with matching dates from last week. Haven't received any notice in the mail yet but reading everyone's experiences here is really helpful. It sounds like most people are dealing with routine verification issues that get resolved pretty quickly once you respond. @Zoey Bianchi your experience gives me a lot of hope - a week turnaround after responding sounds way better than I was expecting! Trying to stay patient while checking the mailbox every day 📬

Has anyone used TurboTax to handle a rental property sale with depreciation recapture? I'm wondering if it walks you through all this or if I need something more specialized.

One thing that might help you organize everything is to create a spreadsheet tracking each improvement separately with its placed-in-service date, cost, and cumulative depreciation taken. I wish I had done this from the beginning when I owned rentals. Also, don't forget that if you've been claiming Section 179 deductions or bonus depreciation on any of your improvements (like appliances or certain property), those will be subject to depreciation recapture at your ordinary income tax rate, not the 25% rate. The 25% rate only applies to straight-line depreciation under Section 1250. If you're planning to reinvest in another rental property, you might want to look into a 1031 like-kind exchange to defer the depreciation recapture entirely. You'd need to identify a replacement property within 45 days and close within 180 days, but it could save you a significant tax hit if you're planning to stay in real estate investing.