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New Member
posted Jun 6, 2019 7:19:16 AM

I am missing a schedule K-1 and wont be able to receive the form until after my Tax filing deadline. Should I file and then complete an amended return when I receive the form?

More than likely I will owe funds after the updated return. Does it cause any penalties or not?

0 2 1842
2 Replies
New Member
Jun 6, 2019 7:19:17 AM

You could incur penalties and interest if the K-1 will report a substantial amount of income.  I suggest filing for an extension and making a payment of the taxes you expect to owe.

Level 3
Jun 6, 2019 7:19:19 AM

Do I have to file form 8082?