Does anyone know if there's a way to see how close you are to the $600 threshold on PayPal? I've been selling some stuff from around the house and I'm not sure if I'm tracking it correctly.

This is really helpful information everyone! I'm in a similar situation with my small online business. One thing I'd add is that it's worth keeping detailed records of all your transactions throughout the year, not just when tax season comes around. I use a simple spreadsheet to track each PayPal payment as it comes in, noting whether it's for goods/services or personal, the amount, and what it was for. This makes it so much easier to calculate your totals and prepare for taxes, whether you hit the $600 threshold or not. Also, don't forget that if you do cross the threshold and receive a 1099-K, you can still deduct legitimate business expenses against that income - things like materials, shipping costs, PayPal fees, etc. So even if you get the form, your actual taxable income might be much lower than the gross amount reported.

Your transcript is showing exactly what you want to see! That -$12,430 is absolutely your refund - the IRS clearly states that minus signs represent credits, so this is money coming back to you. Your breakdown is spot-on: the three credit amounts ($2,277 withholding + $4,799 credits + $5,354 EIC) total your refund perfectly. With a processing date of Feb 24th and zero penalties/interest, your return went through cleanly. That Earned Income Credit really made a difference with your Head of Household status and 5 exemptions! Since everything processed smoothly, expect your deposit within 21 days (around mid-March). The "Where's My Refund" tool should update soon with your specific deposit date. Congratulations on the solid refund - that's a nice chunk of change heading your way! 🎉

You've got it exactly right! That -$12,430 is definitely your refund coming your way. The IRS transcript format can be really confusing at first - I remember staring at my first one thinking I owed money when I actually had a refund coming! Your math is perfect: $2,277 withholding + $4,799 credits + $5,354 EIC = $12,430 total refund. The fact that your return processed on 2/24 with zero penalties or interest means everything went smoothly. That EIC really boosted your refund nicely - Head of Household with 5 exemptions is a great combination for maximizing your return. Since there are no issues flagged, you should see your deposit within 21 days of processing (so around March 17th). Keep checking the "Where's My Refund" tool - it usually updates about a week after processing with your actual deposit date. Congrats on the awesome refund! 🎉

This is a huge problem with several financial institutions, not just Ameriprise. I work at a tax firm and we see this ALL THE TIME. Here's what I recommend: 1. Always compare to last year's documents 2. Request a "tax document summary" from the institution 3. Ask specifically about consolidated 1099 forms that might include div/int 4. Check mail preferences for each account type And definitely file a complaint with FINRA. These institutions only change when enough people report problems.

As someone who's dealt with similar issues across multiple brokerages, I'd also suggest checking if your parents have multiple account types at Ameriprise (like regular brokerage, IRA, and annuities). Sometimes they issue separate 1099s for different account categories, and the portal might not display them all in one place. Also worth noting - if any of the missing forms show zero or minimal amounts, some institutions have thresholds below which they don't automatically generate forms. But they're still required to provide them upon request if there was any taxable activity. The fact that support was able to "upload" the documents after you called suggests they existed but weren't properly linked to your parents' portal access. That's a serious system issue that definitely warrants reporting to regulators. Good catch on using last year's return as a reference - that's always my first step when preparing taxes for elderly family members.

I'm dealing with this exact same issue right now! My 1099-B from Schwab is about 800 pages and TurboTax keeps giving me that error message about the file being too large. It's so frustrating because I thought e-filing was supposed to make everything simpler. I'm really interested in the CSV/flash drive option that Sophia mentioned - that sounds way more reasonable than printing and mailing a phone book worth of trading data. Does anyone know if Schwab provides data in the IRS Publication 1220 format, or would I need to convert it myself? Also curious about the alternative tax software suggestions. I've been loyal to TurboTax for years but if FreeTaxUSA can handle large trading volumes without all this hassle, it might be worth switching. The cost savings alone would probably pay for the switch multiple times over.

I've been dealing with this same frustration for the past three tax seasons as an active options trader. The key thing to understand is that the IRS e-file system has hard limits on attachment sizes, and your 1200+ page 1099-B definitely exceeds those limits. Here's what I've learned through trial and error: 1. **You absolutely must send the physical documents** - Form 8453 is specifically designed for this situation where you e-file your main return but have supporting docs that couldn't be transmitted electronically. 2. **Timing matters** - Mail these as soon as possible after your e-filed return is accepted. The IRS considers your filing incomplete until they receive these supporting documents. 3. **Use certified mail** - For something this important, spend the extra money for certified mail with return receipt. You'll want proof of delivery if any questions arise later. 4. **Alternative for next year** - Consider switching to a different tax software that handles large trading volumes better. I've heard good things about FreeTaxUSA and TaxAct for high-volume traders, though I haven't personally tested them. The whole situation is definitely archaic, but unfortunately it's the current reality for active traders with massive 1099-Bs. The medium flat-rate priority box from USPS is probably your best shipping option cost-wise.

I've been following this discussion as someone who recently completed a similar estate situation, and I wanted to add a few points that might help ensure you're handling everything correctly. First, regarding documentation - while online valuation tools like KBB or Edmunds are generally acceptable for the stepped-up basis, I'd recommend getting valuations from at least 2-3 different sources if possible. This shows due diligence and provides backup support if the IRS questions your date-of-death valuation. Print out all the reports with timestamps showing they were accessed close to the date of death. Second, when reporting on Schedule D, make sure you're consistent with how you describe the transaction throughout all your estate documentation. Using something like "2018 Toyota Camry (inherited vehicle sold by estate)" helps create a clear paper trail. One thing I learned that hasn't been mentioned - if your uncle's estate has other capital transactions (stock sales, property sales, etc.), this vehicle loss can be particularly valuable for offsetting gains and reducing the overall tax liability. Capital losses offset capital gains dollar-for-dollar before any limitations apply. The consensus here is absolutely correct - the $2,300 loss is fully deductible because estates don't "personally use" assets, so the normal personal-use property loss restrictions under IRC Section 165(c)(3) simply don't apply. You're handling this properly by treating it as a legitimate estate capital loss on Form 1041 Schedule D.

I'm also dealing with estate administration and this discussion has been incredibly educational! I wanted to add one perspective that might be helpful for future executors reading this thread. If you're feeling overwhelmed by all the technical details around stepped-up basis and capital loss reporting (like I was initially), don't hesitate to consult with a tax professional who specializes in estate returns. While this community has provided excellent guidance about the general rules - that estates can claim losses on inherited vehicles because they don't "personally use" assets - having a professional review your specific situation can provide peace of mind. In my case, I thought I understood everything but discovered there were some nuances with how to handle partial year reporting and estimated tax payments that I hadn't considered. The cost of a consultation was well worth avoiding potential penalties or having to file amendments later. That said, based on everything discussed here, your approach of reporting the $2,300 vehicle loss on Schedule D of Form 1041 using the stepped-up basis is absolutely correct. The key insight about IRC Section 165(c)(3) personal use limitations not applying to estates has been consistently validated throughout this thread by multiple people with direct experience. Make sure you keep excellent documentation and you should be all set. This community has really provided a masterclass in estate vehicle sales reporting!