It depends. For some taxpayers, the IRS has announced that most K2/K3 reporting for 2021 can be delayed until the 2022 tax return. If your K-1 does not report foreign activities for Schedule K-3, you can uncheck the box (14 on 1120S, 16 for 1065) and e-file now.
You have the option to uncheck the box, e-file now, and amend your return later. If you are not able to obtain Schedule K-3 from your investment, or at least confirm that it will not include foreign activities before the filing deadline of April 18, 2022, you will need to choose one of the above options.
Your investment company may not have the final form. According to the IRS, these are the release dates for these forms, based on type of Business Entity. Even after the IRS form is released, it must be integrated into the software, which can take a few days.
Form 1120-S Mid-June 2022
Form 8865 January 2023
For more info, see this IRS link.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
