DaveF1006
Expert Alumni

Get your taxes done using TurboTax

I don't think you need to make any adjustments on your PTP transaction. if this information was on a K-1 and you reported this correctly, the program should calculate the gain correctly. just remember to enter this on your K-1.

 

My question is however did any income from broker statements also get entered in the program counting this income twice? You may wish to check Schedule D just to see if two identical transaction got reported. This is just an FYI !!

 

You may claim a foreign tax credit on the investment income by going to federal>deductions and credits>estimate and other taxes paid>Foreign taxes. 

 

Yes, it would be safe for you to indicate you have no K-3 attached.

 

@rodriguerex 

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