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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.
April 2, 2022
9:31 AM