Taxes-schedule K-3

[Gen88]

Hi,

I’m wondering if anyone has received their K-1 and the K-3 box is checked but not received the physical (or online) K-3 form.

I’ve reached out to the company but was told it won’t be issued until June. I want to see if anyone is in this situation and any advice how to resolve this?

thanks!

[greenspan76]

20 hours ago, Gen88 said:

Hi,

I’m wondering if anyone has received their K-1 and the K-3 box is checked but not received the physical (or online) K-3 form.

I’ve reached out to the company but was told it won’t be issued until June. I want to see if anyone is in this situation and any advice how to resolve this?

thanks!

Yes, I had a position in GSG where the K-3 box was checked and no K-3 was attached. I tried to look at the IRS instructions for K-3s and when they're issued (requirements and timing) and came away more confused than when I started. In my case, the position size was small, so I don't think it will make much difference to my taxes due, regardless of what info is in the K-3. I was already planning to file an extension, I'll probably just pay a small amount more than I calculated to make sure I don't underpay and then not worry about it until just before the deadline for the extension when I get around to finally filing my taxes. Sorry - not much help for your situation probably.

 

[Gen88]

26 minutes ago, greenspan76 said:

Yes, I had a position in GSG where the K-3 box was checked and no K-3 was attached. I tried to look at the IRS instructions for K-3s and when they're issued (requirements and timing) and came away more confused than when I started. In my case, the position size was small, so I don't think it will make much difference to my taxes due, regardless of what info is in the K-3. I was already planning to file an extension, I'll probably just pay a small amount more than I calculated to make sure I don't underpay and then not worry about it until just before the deadline for the extension when I get around to finally filing my taxes. Sorry - not much help for your situation probably.

 

Im planning to file extension as well. It’s not large amount for me either. Just didn’t find much information anywhere. Appreciate the response.

[skydragon]

The timing on the issuance of K-1 and K-3 are a pain.  I haven't even looked at mine yet this year.  I always file an extension.  I think I had a time or two when the K-3 box was checked but never issued.  Huh?  I also have such small positions that the K-3 values don't affect the bottom line, so it's not even worth the headache to deal with. Sorry this doesn't answer the OP, but perhaps misery loves company.  The struggle is real!