Our Sch K-3 won't be available till the end of August and I've seen others also mention this
Is it possible for TurboTax to somehow allow us to relay this information to the IRS?
Like for instance we can attach a pdf or doc or something like this to let them know that we don't even
have our K-3 available to file?
I am asking this because the IRS says that if we make a good faith effort they won't penalize us
- Taxpayers who make a good faith effort to comply with the new schedules for tax year 2021 will not be assessed a penalty, as described in IRS Notice 2021-39 PDF. According to the Notice, a filer will not be subject to penalties if it made a good faith effort to determine whether it must file a part and how to complete a part if it determines it must file. The notice outlines some factors the IRS will take into account in determining if a partnership or S corporation made a good faith effort.
