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Tax law changes
@PJhiker wrote:
How exactly can I pay what I might owe by April 18 if I don't what I will end up owing without all the forms etc. that are now not due until October?
You can file for an extension.
See https://www.irs.gov/pub/irs-pdf/f4868.pdf
Of course, you will need to get some sort of estimate of any tax liability that would flow from the K-1 since the extension does not relieve you of the obligation to pay by the deadline.
[Do you have any idea with respect to the actual sales price and the basis? You must know your share of the proceeds from the trust]
March 21, 2023
8:26 AM