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Should I request an extension or file now and then file an amendment?

Hankxlee
New Member

My parents passed away last year and as a result, my brothers/sister and I inherited some rental properties for the last 5 months of 2024. I know I need to report the rental income but my sister informed me that the K1 documents will not be available until later this year.

I typically file a 1040 with standard deductions and typically owe the IRS a couple of thousand dollars.

My question is whether I should file by 04/15 and then file an amendment when the K1 documents become available or I should request an extension and file when all of the documents are available?

Thanks.

 

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sjrcpa
Level 15

You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.

 

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