I apologize in advance if this is not how to post a question. I've completed our taxes in TT Self Employed and we owe some in Federal tax. My wife was a unit holder in a company that sold VERY late in 2021, so we have not received a final K-1 for her disbursement. We've been told to file for an extension. Should we file for the extension and pay the small amount owed now OR add in the large estimated tax payment, so we don't get hit with underpayment penalties? I heard that the IRS would like at least 90% of what may be owed to them. We received an informal "draft" K-1 from the holding company that only has a Line1 and Line 9a entry. We should receive a final Sched. K-1 in early May '22. Do you have thoughts? Thank you in advance.
