Tax Year 2016: Should I ask for an extension or file my 2016 return and file an amended return after I receive a K-1?

[roconnor444]

I expect to receive a K-1 as an estate beneficiary.  If I don't receive the K-1 before the April 2017 filing deadline, should I ask for an extension or go ahead and file my return and file an amended return after I receive the K-1?

[KarenL2]

It's usually better, and easier, to file an extension.   Remember that an extension is simply an extension of time to file your return.  It is not an extension of time to pay your tax due.  If you will owe this year you should make a payment with your extension to avoid penalties and interest.