The answer to this question is that whatever address you input for Partnership entity really will not matter at all, in
that it has no effect on the actual calculations made for your tax return.
However,
receiving a Schedule K-1 from a non-US entity (including one with a
foreign address format or postal code) can be a bit of a
problem; but fortunately there is also a choice of
solutions for you, in order to resolve this issue. Please allow us a
moment to explain that.
The
only truly critical information on your K-1 (that the IRS looks to see,
anyway) are the numbers contained in the various boxes, your outside basis
calculations, and any supplemental K-1 information received. The
rest of the information shown on the K-1, including address of the K-1 entity, is not
really critical, or
essential, to the accurate acceptance and processing of your tax
return. Yet, for reasons of completeness, the TurboTax program asks
users to fill in all of these fields from the K-1.
As for solutions, then, you have a couple of them.
Does
your Partnership entity have an office or divisional operations anywhere in the United States? If so, then you can safely substitute
and use that address (even if something different is printed on your K-1
. . . just don't change the EIN). Alternatively, you can just input
your own personal street address, including state and ZIP code, into the
address field. As long as the important information about your
Partnership is correct, the IRS, and
anyone else such as a state department of revenue, will know what the
truth is.
Thus, either of those choices is an acceptable way to
enter your K-1, and file your tax return. The TurboTax program, the
IRS, and your state department of revenue (if applicable) will all
accept this.
Thank you for asking this question.
