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Get your taxes done using TurboTax
No, nothing is difficult about this. Go to Box 16 ,where you enter your K1 information. Check you received a K-3, since you are reporting K-1 activity.
- When it asks for the foreign country,, select various.
- Next screen asks, the type of income. Select Foreign Gross income, passive category. Put in the total for all the countries. After you select this, press continue.
- Deductions you can leave blank. press continue
- For the foreign taxes paid, you will enter $164 in the first box.
- For the Foreign income Exclusion, select no.
- Next screen you may wish to indicate your investment is at risk.
- You are now done entering information in this section.
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‎April 4, 2023
5:21 PM