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K-3 info won't be out til later this year because the IRS has not finalized the form. then the partnership/s-corp/trust must issue the k-3 info which will be even later. some had said not until August (?). so your choices are to uncheck the k-3 box and file without the info, (when issued there may actually be nothing on the form that affects your return) and amend later if necessary or file for an extension.
the IRS has actually waived providing most of the k-3 info for 2021. however, it's on that form that you will have any foreign tax credit info.
also, a question, what will TurboTax do. maybe you've noticed that in TT some k-1 items are marked with a ** which means the program can not handle the info automatically. in many cases that's no problem because the info is irrelevant for most taxpayers. others (?)
K-3 info won't be out til later this year because the IRS has not finalized the form. then the partnership/s-corp/trust must issue the k-3 info which will be even later. some had said not until August (?). so your choices are to uncheck the k-3 box and file without the info, (when issued there may actually be nothing on the form that affects your return) and amend later if necessary or file for an extension.
the IRS has actually waived providing most of the k-3 info for 2021. however, it's on that form that you will have any foreign tax credit info.
also, a question, what will TurboTax do. maybe you've noticed that in TT some k-1 items are marked with a ** which means the program can not handle the info automatically. in many cases that's no problem because the info is irrelevant for most taxpayers. others (?)
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