I'm still confused about the Schedule K-3 on TT. Last year there was much discussion about how TT could not yet handle Schedule K-3. Many people decided to uncheck box 16 ( K-3 is attached if checked) so they could e-file their taxes. I was not receiving my K-3 until after the filing deadline so I decided to uncheck the box and file and if necessary I would amend my return after seeing my K-3 months later. When I saw my K-3 there was no indication I had paid any foreign taxes (most likely due to my minuscule percentage of the profits) and I didn't amend my return.
This year TT now asks if box 16 is checked and if you say yes it goes on to have you "enter relevant information from your K-3..... needed for your return". I don't have my 2022 K-3 so I used my 2021 K-1 and K-3 just to see how TT would handle this. For me, most of the items were left blank. TT made no changes to my 1065 K-1 and no new forms were created. I'm wondering about other people's experience when they have a more complicated K-3 with foreign tax implications. Does TT create a K-3 to be e-filed with your return?
