schedule K-3 for tax year 2022 not available till later 2023

[JZ1234]

Hi, my schedule K1 form box 16 is checked but I don't have the schedule K-3 available. I called and was told it will not be ready till end of June 2023 given new IRS requirement from recent years. can I file without K-3 or I have to file extension and wait for it? Thanks

[AliciaP1]

I do not advise you to file the return without the K-3 information unless you are certain it will be blank.  The Foreign Taxes paid or accrued box being empty does not guarantee the K-3 will be blank.

If you have not filed the return and do not have key indicators to file your return without the K-3 I recommend filing for an extension and completing your return when you receive it.  If you have already filed, you should wait until you receive the K-3 and then amend your return.