Business & farm


@Gabriela2 wrote:

this is due to the IRS’ delay in releasing new filing requirements for all partnership tax returns.

 


 

 

I suspect that is referring to the K-2/K-3 for foreign income.

 

Assuming that is the case, then if (1) the K-1 has no foreign income/expense activity AND (2) your personal tax return has no foreign income/expense activity, then your draft K-1 is probably going to be the same as the final version.

 

If there any type of foreign income/expense activity, then you may want to file an extension until you get the K-2/K-3.