IRS deadline for companies to send out Schedule K-1 (including all supplemental information) is March 31. You can wait until early April to make a decision on filing an extension since you should receive the complete K-1, enter the K-3 information, and e-file by the deadline. Remember that if you owe tax, the deadline to pay remains the same - April 18, 2022 for your 2021 tax return - even if you file an extension.
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