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posted Mar 3, 2023 9:37:25 AM

K-3 Form 1065

I have received a K-3 Form 1065.  Parts II and III are checked 'Yes'.  The K-3 has 5 entries for input in Column (a) U.S. Source, and 1 entry for Column (f) Sourced by partner, there are no Foreign Source entries.  TurboTax Premier does not have any boxes to enter figures into Column (a) or (f).  How do I proceed.

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1 Replies
Expert Alumni
Mar 6, 2023 2:41:34 PM

Parts II & III of a Schedule K-3 Form 1065 is used to claim a foreign tax credit on Form 1116 or 1118, on your personal tax return.  If you don't have any Foreign Sourced amounts, you can ignore the K-3.