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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.
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‎April 15, 2023
2:37 PM