If the only activity on your K-3 is identified as US sourced, you can uncheck Box 16 and not enter the information since the K-1 entries only report sections I, II, and III. Part IV of your K-3 is used to calculate any section 250 deduction for FDII on Form 8993. Since TurboTax does not support this form you will need to complete it separately if it is necessary for your situation.
See Form 8993 to see if you are required to file the form.
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