Just received K-1 today and box 16 is checked.
But the partenership says it won't give the K-3 until end of August so does that means I won't even be able to
print and send by even if I wanted to, correct?
Second question:
On the K-1 there is only loss (no gain), would that mean that I am safe in terms of not owning money to the IRS?
What I mean is that if I file just the K-1 even if a K-3 comes later, it won't effect the taxes I owe the IRS will it?
