Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Crypto Partnership K-1 not available. To file or not to file?
Crypto Partnership K-1 not available. To file or not to file?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
kirkavery
Level 3
03-21-2023
04:44 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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?
Labels
2 Comments 2
IRonMaN
Level 15
03-21-2023
04:59 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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!
