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Schedule K-1 and Box 16 and filing by April 15th if filing by mail

I file my returns by mail.

My Schedule K-1 has Box 16 checked but Schedule K-3 won't be ready until June.

Do I need to uncheck Box 16 if I mail return?

Could I send if my return and then amend the return when the K-3 is released in June?

I will have a large refund.

With the info below I doubt I will owe much.

Since I expect a large refund, would I be subject to a penalty if I don't file an extension?

Box 21 , Foreign Taxes Paid is blank.

I have $18 in distributions,

$5 loss in Box 1.

Ordinary dividends of $2

 

 

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1 Reply
robtm
Level 10

Schedule K-1 and Box 16 and filing by April 15th if filing by mail

Why wouldn't you want to file an extension? That would be the easiest way to handle it rather than mess with an amended return. Just be sure you will get a refund and not owe any taxes.

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