DaveF1006
Expert Alumni

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. 

 

  1.  When it asks for the foreign country,, select various. 
  2. 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.
  3. Deductions you can leave blank.  press continue
  4. For the foreign taxes paid, you will enter $164 in the first box.
  5. For the Foreign income Exclusion, select no.
  6. Next screen you may wish to indicate your investment is at risk.
  7. You are now done entering information in this section.

@alaniboris 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"