@samzandt
The IRS will presume that the income was earned proportionally throughout the year unless you can demonstrate otherwise.
Since the K-1 was received March 30, I presume that the partnership has a December 31 year-end date.
IRS 2010 Instructions page 9 Annualized Income Installment Method states:
If your income varied during the year because, for example, you operated your business on a seasonal basis or had a large capital gain late in the year, you may be able to lower or eliminate the amount of one or more required installments by using the annualized income installment method.
Will the provider of the K-1 provide the detail you need? Does the partnership agreement address this concern?
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