Thank you for the reply. Makes sense.
So, looking back, it seems I should have estimated and charged for my 2021 expenses and compensation in 2020. Since I didn't do that, I believe you are indicating that I need to file a return for 2022 to cover the expenses incurred in 2021, which were due to tax preparation for 2020. However there will be no funds remaining to cover my 2022 expenses. And it would seem submitting the K-1's for the 2021 tax year to the heirs wouldn't make sense.
Does this proposed plan seem correct?
Thank you for the help!
