I got my Schedule K-1 from a company and box 16 is checked indicating Schedule K-3 is attached. In their cover letter the company says, in fact, Schedule K-3 will not be available until summer of 2022. Not really sure how to handle this. I'm most concerned there may be foreign tax paid for which I should be able to get a credit for. Does the fact there is a K-3 mean there was definitely foreign tax paid? I told TT that box 16 was checked and they give me a message on review that I need to do the K-3, which by the way isn't available at TT as of now. My options include telling TT the box isn't checked, filing for for an extension until the K-3 is available or filing w/o the K-3 and amending later on. Any advice would be appreciated.
Based on your statement, you think you will get an additional refund after you include the K-3. You have two alternatives.