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Get your taxes done using TurboTax
I don't have all of the answers yet.
As best I can tell, Form 8990 is not in the Premier version that I have. The dollar amount of 13K is $126. I take the standard deduction. From what I have found in other discussions, the 13K amount could result in a tax deduction if I itemize. Since I don't itemize, it won't make any difference.
Do I have to report Form 8990 if I don't itemize on my taxes?
‎April 1, 2024
6:44 AM