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Get your taxes done using TurboTax
Hi Mike, Thanks for this information regarding the K-3. I am in the same situation: I have a K-1 tax package from an Invesco Fund, but the tax package I received from them says the K-3 won't be available until late June 2023. My K-1 has line 16 checked, but I don't have a value in line 21. I would also add that in Part II of the K-1, the H1 "Domestic partner" box is checked , but NOT the "Foreign partner" box. So given all that, to confirm then: even though my K-1, line 16 is "checked" (signifying a Schedule K-3 is "attached" if checked), since I have no value in line 21 (Foreign taxes paid or accrued), I can answer "no" to the TT inquiry "is line 16 is checked?" even though it actually is checked, and not worry about the K-3, and then go ahead and file my taxes through TT with that info. Is that correct?