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]