I see you haven't played the "K-1 game" very much.Why wait till October?
I find it interesting to see people filing their 2024 taxes already. I feel like I just finished my 2023 ones. I've been filing in October for several years.
No, if you can file on January 30th you definitely do not have a complicated return. I don't even have the K-1 yet for the business I own.
Also, isn’t your K1 due on March 15th? Plenty of time to file personal taxes by mid April. Is there some benefit to waiting?
Partnerships can and do routinely file extensions. That gives them until September 15th to file. And many take most of that time. I'd say less than 10% of my 20ish K-1s come in by March 15th. And at least 25% after June 30th.
Statistics: Posted by White Coat Investor — Sun Feb 16, 2025 10:58 pm
