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Get your taxes done using TurboTax
No, you should not have penalties if you file by the deadline. It's highly unlikely that Schedule K=3 will reverse a large refund and cause you to owe taxes. But if so, you'll only owe interest on the unpaid taxes from April 15 until you pay them. That's a worst-case scenario.
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March 21, 2025
3:27 PM
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