My husband retired in July 2016, his shares were sold back to the company per policy. Do we need to file a K1 for the first 6 months?

[jimbjornson]

We have not received a K1 to date.  We have had to file extensions before due to the company lack of promptness.  Will I need to file an extension again for 2016? 

Thanks

[DDollar · Accepted solution]

Yes, you may need to file an extension.  You should be receiving a K-1 from your husband's company even if he retired and sold the shares back in 2016.