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Does anyone know when the IRS will have the partnership basis worksheet updated? It says amounts can't be relied upon until development is complete??

taxdoer
Level 3
I tried filing an extension for a taxpayer who is in a partnership. It rejected the extension saying the k-1 wks-partnership was not finalized by the taxing authority.  What is the deal?
1 Comment 1
taxdoer
Level 3

I found it on proseries updates. The K-1 will be ready on February 14th and can be e-filed that day. Sorry to bother you folks.