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M
matto1
April 15, 2025
Question

late K-1 - question as to what to do

  • April 15, 2025
  • 1 reply
  • 0 views

I'm hoping someone can help.

I am expecting a K-1 but it is late, I don't think I'll get it in time to file today. It likely will show about 2k income.

I am also needing to file a 2210 as I didn't withhold enough last year, so I really need to file today.

 

Suggestions? Should I take a guess at the 2210 numbers and amend it later? Leave the 2210 out altogether and file an amended return later? I want to avoid filing for an extension as that will only add to the penalty on the 2210, but right now I don't see any good options.

 

Thanks for any ideas.

    1 reply

    C
    Creative1
    April 15, 2025

    You can enter your K-1 yourself and just estimate the amount. Then later when you get the (late) k-1 you're waiting for, do an update/amended return.

    For the 2210, you won't have to guess since you know it's about $2000 for the k-1 you are waiting on just use that amount or  your closest guess.

    If you wait, they'll really sock it to you on the fees.

    Good luck!

    M
    matto1Author
    April 15, 2025

    Thanks. That's good advice, assuming I don't receive the K-1 today that's what I'll do.

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