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2024 K-1
I am receiving once again a K-1 form for a few crypto coins valued at $206 at the start of 2024, and valued at $202 at the end of the year. So for a current year there was a net income (loss) of -$4. This has been the trend for this asset for the past 2-3 years and I have been filing around the same loss of $2 - $6 each year. I am wondering, is it a requirement to keep reporting such a small amount? I don't like to skip anything in my returns even if it is a penny, but what is this altering in my return other than reporting what the IRS will probably get from the Partnership's reporting? And why is TurboTax requiring an additional $80 to upgrade to Premium just to enter this form? Why not offer this form for a few dollars to the Deluxe version if that is all is needed beyond that version? We have been loyal users of this platform for years but pricing seems to be a bit steep at times.