Question

Schedule K-3

Forum|Forum|3 years ago
October 13, 2022
1 reply
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My K-1 refers me to my schedule K-3. Turbo tax only has options for foreign investments. Mine are all US. I can't find where to list and amounts in column A which is for US source.

M

Mike9241

there is probably wording somewhat as follows in your k-1 package.

Beginning in tax year 2021, the Partnership will report items of international tax relevance on Schedule K-3. All of our income is effectively connected with a United States trade or business. However, certain unittholders (primarily foreign unitholders, unitholders computing a foreign tax credit ... may need the detailed information disclosed on Schedule K-3
so if you're not a Foreign unit holder and there is no FTC you can skip it. uncheck the k-3 box on the TT k-1