kirkavery
Level 3
03-21-2023
04:44 PM
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That is the question. Client is invested in a partnership, Ikigai, who uses FTX as their trading platform.and had cash invested with FTX. Since the FTX collapse it is unknown when, or if ever, the client will receive a K-1 from the partnership. Would you go ahead and file the 2022 tax return and do an amended return whenever or file for an extension? I really don't see any pros or cons to either choice?
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IRonMaN
Level 15
03-21-2023
04:59 PM
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Yeah, I would do the extension to allow a little more time to see what shakes out. But then again, If he only had like 12 bucks invested in it, I would just file the return.
Slava Ukraini!