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March 25, 2024
Question

2023 Schedule K-1 has Box 16 checked but I did not recieve a K-3

  • March 25, 2024
  • 1 reply
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My 2023 schedule k-1 has box 16 checked for a K-3, but not form k-3 was attached, and the company I received it from does not expect it to be ready until the summer. Do I need the K-3 to file and need to file for an extension, or can I file now?

1 reply

March 25, 2024

They come out much later like May or even later than that. Here's from 1 partnership

"Accordingly, the Schedule K-3 is not included in the
enclosed tax package and will be available online at www.taxpackagesupport.com/xxxxx by mid-summer."

 

so your options are to omit and then amend or file an extension.