The K-3 is used to report items of international tax relevance from the operation of a business. If there is no international income then you can uncheck box 16 and e-file your return.
However, you want to make sure you will not be receiving a K-3 at a later date that will include international income. If you receive a K-3 at a later date that includes international income, you will need to amend your return to include the corrected K-3.
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