Irs 8689-2025

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A Qualified Opportunity Fund is an investment vehicle that is organized as a corporation or partnership for the purpose of investing in Qualified Opportunity Zone property (other than another Qualified Opportunity Fund).
For the latest information about developments related to Form 8689 and its instructions, such as legislation enacted after they were published, go to .irs.gov/Form8689. Purpose of form. Use Form 8689 to figure the amount of U.S. tax allocable to the U.S. Virgin Islands (USVI).
Make your check or money order payable to United States Treasury. Dont send cash. If you want to pay in cash, in person, see Pay by cash, later. Make sure your name and address appear on your check or money order.
A taxpayer must file identical tax returns with the United States and the USVI. If theyre not enclosing a check or money order, they should file the original Form 1040 (including Form 8689) with the Department of the Treasury, Internal Revenue Service Center, Austin, TX 73301-0215 USA.
Form 1065 - Where to File U.S. Return of Partnership Income and Extensions And the total assets at the end of the tax year (Form 1065, page 1, item F) are:Use the following address: Any amount Internal Revenue Service Center PO Box 409101 Ogden, UT 844093 more rows Mar 4, 2024

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TurboTax does not support the Form 8689, however you can enter the credit that you compute on the Form 8689 (line 40) in TurboTax Deluxe. You wont have to upgrade. Enter in the Other Credits section under Deductions and Credits.
Write both the destination and return addresses clearly or print your mailing label and postage. If your tax return is postmarked by the filing date deadline, the IRS considers it on time. Mail your return in a USPS blue collection box or at a Postal location that has a pickup time before the deadline.

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