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April 8, 2023
Question

Schedule K-1, box 16 is checked for Schedule K-3; however, I have did not receive Schedule K-3

  • April 8, 2023
  • 1 reply
  • 0 views

I received a K-1 with box 16 checked, but I did not receive the Schedule K-3 with my K-1 package. I want to file my taxes, but the K-3 won’t be available until June 30, 2023. Can I still file my taxes and amend later, if needed? 

1 reply

AliciaP1
April 8, 2023

I do not advise you to file the return without the K-3 information unless you are certain it will be blank.  The Foreign Taxes paid or accrued box being empty does not guarantee the K-3 will be blank.

 

If you have not filed the return and do not have key indicators to file your return without the K-3 I recommend filing for an extension and completing your return when you receive it.  If you have already filed, you should wait until you receive the K-3 and then amend your return. 

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BalmazanAuthor
April 11, 2023

Thank you!