I have 2 questions regarding K1.
- My investment is with a private company so I buy the investment via a private management company is always very late in providing the K1 form (september to october). It's a long term investment that will take many years before I would see any gain or do any transaction. May I file my tax without the K1 and amend it later?
- The same private management company charges me about 5-10% in fee each year, how do I record this fee so that it will be counted toward the cost basis when I sell my investment. Would the K1 included these fee from the private management company?
