Question

I am waiting on a 1099 K1 from an estate dispersal but it might not be ready till august. Do I file an extension or file my taxes and the file an amended return?

Forum|Forum|3 years ago
February 17, 2023
2 replies
0 views

We will not owe taxes from the dispersal

TurboTax Self Employed Online

You can file your tax return now and amend if needed when you receive the K-1. If you will not owe taxes you should have no issues, often the estate will pay any taxes before it makes the final distributions.

Critter-3

Options are :

1) file extension and wait for the K-1 form

2) file without the form and amend later

C

CLBCL5Author

Yep, those are my options. Same as I wrote. But which is the better option if either is?

P

PattiF

You should file your taxes now.

If something in the dispersal changes when you receive the K-1, you can amend your taxes. Many K-1s from estates are received later in the year.

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I am waiting on a 1099 K1 from an estate dispersal but it might not be ready till august. Do I file an extension or file my taxes and the file an amended return?

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