dascpa
Level 12
01-19-2023
01:03 PM
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I accessed it. Saw their suggestion and then modified it to my needs.
Per IRS instructions, this entity qualifies for an exception to filing Forms K-2 (entity) and K-3 (member) [change title as it applies]. If the member would like a K-3 they must request it to the managing member or the CPA by 02/15/2023 (one-month prior to the due date of filing the tax return).
This entire thing sucks. How many returns will be done after 02/15 and before 03/15 or after 08/15 and prior to 09/15? I have no desire to print thousands of wasted pages for no information. Nor do I want 20 page K-1's. I'm already attaching a million notes and now basis schedules, QBI schedules, etc. Every K-1 is a book.