Business & farm

Thank You for the response DianeW777.

To reiterate my situation, I did not receive a k3. 

I'd like to take the advice you gave me in number 1. File now and amend later when you receive the K-3

I am somewhat apprehensive after reading advice given online from   

The Wolf Group Global tax advisors

Specifically; "If you do not receive a 2021 Schedule K-3, then you may need to disclose this on your individual tax return to protect yourself against the $10,000 penalty."

They go on to recommend forms 8082 and 8275.

The advice was for 2021, and may have changed but given the enormous penalty I'd really like to know for sure what my liability could be and how to avoid the penalty.