I have Plains All American (PAA) K-1 and box 16 (k-3) is marked. I am US citizen and resident. Do I have to fill out k-3 information?

Forum|Forum|11 months ago
April 10, 2025
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Best answer by PatriciaV

If you have received Schedule K-3, you may wish to enter the information from this form. See How do I enter Schedule K-3 in TurboTax?

In most cases, the foreign income reported on Schedule K-3 is either already reported on Schedule K-1 or only applies to partners with other foreign income and/or assets.

If you chose to omit the K-3 information, uncheck Box 14/16 from Schedule K-1 to clear any federal review issues in TurboTax.

PatriciaVAnswer

Employee

If you have received Schedule K-3, you may wish to enter the information from this form. See How do I enter Schedule K-3 in TurboTax?

In most cases, the foreign income reported on Schedule K-3 is either already reported on Schedule K-1 or only applies to partners with other foreign income and/or assets.

If you chose to omit the K-3 information, uncheck Box 14/16 from Schedule K-1 to clear any federal review issues in TurboTax.

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