Solved: A K-1 stmt for capital gains is delayed. I will need to file for an extension. My question is regarding an expected refund and how do I indicate on Form 4868?
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

A K-1 stmt for capital gains is delayed. I will need to file for an extension. My question is regarding an expected refund and how do I indicate on Form 4868?

On form 4868, where to indicate a refund amount (versus a balance due amount)?

1 Best answer

Accepted Solutions
Level 6

A K-1 stmt for capital gains is delayed. I will need to file for an extension. My question is regarding an expected refund and how do I indicate on Form 4868?

If you expect a refund, there is no penalty for late filing and you do not need to file form 4868.

If you still wish to file an extension for extra peace of mind, you can indicate 0 as tax due and 0 as amount paid with extension.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
Level 6

A K-1 stmt for capital gains is delayed. I will need to file for an extension. My question is regarding an expected refund and how do I indicate on Form 4868?

If you expect a refund, there is no penalty for late filing and you do not need to file form 4868.

If you still wish to file an extension for extra peace of mind, you can indicate 0 as tax due and 0 as amount paid with extension.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

Dynamic Ads
v
Privacy Settings