Deductions & credits

Hi,

 

You seem rather knowledgeable with the USVI taxes. My brother lives and works there but is a US citizen. He generally uses Turbo Tax to create form 1040, he never mentioned form 8689 but it's sounding like I need to file that? He is an independent contractor, so with all of the tax changes & PPP loans, I have decided to take over.

 

If you or anyone has any knowledge regarding the different stimulus packages and how they affect tax filings in USVI, please let me know. Thank you!!