Must I include a copy of Form 8283 sent by a partnership if I don't itemize? My share of partnership is <1% so my deduction as they reported on Sch. K-1 is under $500.

If I don't itemize and my deduction would be less than $500, is there any other reason why I should include a copy of form 8283 with my personal tax return? The partnership has already submitted the original.

posted

My name is on a Coinbase account as nominee for a partnership's crypto sale. The partnership receives all funds from crypto sales to its bank account, filed its 1065 & issued a K-1 to partners, including myself. How do I report on my personal return?

in Business & farm

Expert does your taxes

Do it yourself

Resources

Support

Must I include a copy of Form 8283 sent by a partnership if I don't itemize? My share of partnership is <1% so my deduction as they reported on Sch. K-1 is under $500.

Must I include a copy of Form 8283 sent by a partnership if I don't itemize? My share of partnership is <1% so my deduction as they reported on Sch. K-1 is under $500.

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

Must I include a copy of Form 8283 sent by a partnership if I don't itemize? My share of partnership is <1% so my deduction as they reported on Sch. K-1 is under $500.

Do you have an Intuit account?

Must I include a copy of Form 8283 sent by a partnership if I don't itemize? My share of partnership is <1% so my deduction as they reported on Sch. K-1 is under $500.

Unlock tailored help options in your account.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert