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April 9, 2022
Question

k-3 line24 with no US option

  • April 9, 2022
  • 1 reply
  • 0 views

K1 box 16 - K-3 Line 24 has US, but pulldown for turbo tax does not have this option. What to I reply?

1 reply

PatriciaV
Employee
April 9, 2022

This experience has been forwarded to our tech support for further investigation. However, other experts believe that US sourced income should not be reported on Schedule K-3. We are waiting for confirmation, but this is unlikely to be resolved before the filing deadline.

 

Our recommendation is to leave those boxes blank and e-file your return now. If new guidance is released, you can always amend your return later.

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jhildnerAuthor
April 10, 2022

I ended up using RIC for mutual funds