K-!

[pk3y6ndp]

I just started working  for a partner LLC I received a letter Schedule K-1 Ordinary Bussiness income (loss) with an amount it states we will estimated taxable income amounts to assist in preparing 2021 income taxes extensions in advance of April 15 2022 should I wait for the official form before completing my return your use the amount in the letter.

[Rick19744]

You need to wait to receive the actual K-1 before completing your return.

The letter is telling you what you could expect to see on the K-1.

This is also telling you that you may not receive your K-1 until after April 15th, so you will need to use the amounts in the letter to prepare an extension and possible payment along with the extension.

[pk3y6ndp]

Yes thank you