I paid foreign income tax in 2023 as s corp. How do enter the tax in TurboTax so that K 2 and K3 can automatically come up and TT can walk me through these two forms?
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To clarify, were forms k-2 and K-3 issued to you by the S-Corp?
Hi Dave,
I am filing 1120S and since I paid foreign income tax in 2023, should I file k 2 and k3 for 1120S?
Thanks
Yes, since you paid foreign income tax, you need to prepare a k2 and K3 in your 1120S. FYI, here are a couple of links that explain the k2 and K3 more in detail. These do have some helpful information that you may find informative.
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