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schedule K-1, box 16 is checked (k-3)
My schedule K-1, box 16 is checked (k-3)
my attached K-3 only lists a single entity (US) as the foreign country or US possession.
the foreign country or US possession; US possession IS NOT AVAILABLE on TURBO TAX
So, on my schedule K3, part 2, line 24 and it shows total gross income US $1797.
But on the turbo tax it shows Foreign gross income $1797
does TurboTax plan to add the US to the list and handle those inputs?
OR SHOULD I UNCHECK BOX 16 ON K1? please advice
‎February 20, 2023
12:20 PM