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shutterspeed
Southern Miss Fan
MS Gulf Coast
Member since May 2007
37274 posts

When are Schedule K-1s Required to Be Sent to LLC Members?

Seeing conflicting information online.

TIA
This post was edited on 2/24 at 6:37 pm



CHSBears
Texas A&M Fan
Baton Rouge
Member since Aug 2007
563 posts

re: When are Schedule K-1s Required to Be Sent to LLC Members?
Is it a trust, estate, or partnership?


shutterspeed
Southern Miss Fan
MS Gulf Coast
Member since May 2007
37274 posts

re: When are Schedule K-1s Required to Be Sent to LLC Members?
quote:

partnership


Company has been "getting to the form" for a few weeks now. Just want an idea what their absolute send-by date is.


CHSBears
Texas A&M Fan
Baton Rouge
Member since Aug 2007
563 posts

re: When are Schedule K-1s Required to Be Sent to LLC Members?
Generally the partnership return (1065) is to be filed by the 15th day of fourth month (April 15th). Partnership can file a 3 month extension, which is likely. There are 1/2 other ciircumstances linked to earnings generated outside of U.S.

My guess is you will get it in July. Estates & Trusts can be even later.



shutterspeed
Southern Miss Fan
MS Gulf Coast
Member since May 2007
37274 posts

re: When are Schedule K-1s Required to Be Sent to LLC Members?
Can I file my personal income tax without having it in hand?


CHSBears
Texas A&M Fan
Baton Rouge
Member since Aug 2007
563 posts

re: When are Schedule K-1s Required to Be Sent to LLC Members?
Don't quote me, but get a hard estimate from the preparer and file your return. When you get the actual, file a amended return. I have done this because of having to file a FAFSA for one of my children.


shutterspeed
Southern Miss Fan
MS Gulf Coast
Member since May 2007
37274 posts

re: When are Schedule K-1s Required to Be Sent to LLC Members?
quote:

Don't quote me, but get a hard estimate from the preparer and file your return. When you get the actual, file a amended return. I have done this because of having to file a FAFSA for one of my children.


The partnership was formed at the end of December. No income. Don't want to to have to pay extra to do an amended return if I can help it.


CHSBears
Texas A&M Fan
Baton Rouge
Member since Aug 2007
563 posts

re: When are Schedule K-1s Required to Be Sent to LLC Members?
I would file return, wait for K-1, probably no need to file a 1040X amended return.


shutterspeed
Southern Miss Fan
MS Gulf Coast
Member since May 2007
37274 posts

re: When are Schedule K-1s Required to Be Sent to LLC Members?
Thanks.


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