AliciaP1
Expert Alumni

After you file

You can enter the K-1 with the estimated gain in box 1 and let the losses calculate.  You can then review your Form 1040 to see what the tax amount due is and pay that.  If you think it looks low, send a little extra, and vice versa.  Then when you receive your actual Schedule K-1, you can log back into your return and proceed through the K-1 entry screens and make the corrections to report the form as you receive it.

 

@ulises78 

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