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March 24, 2021
Question

Do I file a federal return if I did not get a K-1 for the year?

  • March 24, 2021
  • 1 reply
  • 0 views
My partnership company has delayed the K-1 due to asking for a filing extension.  This stops my K-1 until that 6 month extension is complete.

1 reply

March 24, 2021

You have two options:

 

- File for an extension to file (form 4868). You then have until October 15, 2021 to file your tax return. Please note that you will have to pay any taxes which would be due by May 17, 2021.

 

or

 

- File your 2020 tax return now and file an amended return when you receive the Schedule K-1 for the partnership.

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