Under Wages & Income, entering info from Schedule K-3 "Foreign Country or U.S. Possession," the US is not listed in the pulldown menu. How do we report it as US?

If the only activity reported on your K-3 is in column (a), U.S. Source, you do not need to report the information from your K-3.  If you also have details in columns b, c, d, e, and/or f, you will use the country codes for those lines.

Also, you will need to create a new K-1 for each country if there is more than one type of foreign gross income in columns (b), (c), (d), and/or (e) of the K-3.  If you only have information in 1 column for 3 countries you can list the Foreign Country or U.S. Possession dropdown box as Various.  Then add the amounts for the different countries and enter them as one amount in the appropriate column.  If your K-3 does list amounts in more than one of the columns (b - e), you will need to enter a separate K-1 worksheet for each column.  You can still add the countries together and show the Foreign Country as Various for amounts in the same column.

For example:

Schedule K-3 Line 1 has $5,000 in column b (France) 

Schedule K-3 Line 2 has $2,000 in column b (Germany)

Schedule K-3 Line 3 has $12,000 in column c (France)

                       You will have 2 Schedule K-1s entered into TurboTax to accommodate the different types of foreign income (columns b & c).  One will have the Foreign Country or U.S. Possession dropdown as Various and Foreign branch category income (Column B) box will be $7,000. Then finish entering the K-1 with all the other box information included.

                       Enter a new K-1 with the same company information but no amounts in any box except box 16.  This will have the Foreign Country or U.S. Possession dropdown as France and the Foreign gross income (Column C) box will be $12,000.  Finish entering the K-1 with the remaining information being blank (or No).