Victims of severe winter storms, flooding, and mudslides in certain California counties beginning January 8, 2023, now have until October 16, 2023, to file various Federal individual and business tax returns and make tax payments. See this IRS news release, which was last updated on February 23, 2023, for more details and to confirm whether your situation qualifies.
See here for the latest guidelines for California state taxes. California is also extending the filing due date to October 16, 2023, for taxpayers in the affected areas.
The extended time for filing your individual return, if you are in the affected area, applies regardless of what tax forms and schedules you need to include with your return.
The postponement of time to file and pay does not apply to residents and businesses located in the following 7 counties: Imperial, Kern, Lassen, Modoc, Plumas, Shasta, and Sierra.
The regular due date for issuance of Schedule K-1 is March 15th. In order to file an accurate return, it's generally best to wait until you have the K-1 before finishing and filing your return.
See also this TurboTax tips article for more information on Schedule K-1, and this one for help with entering the K-1 in TurboTax.
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