DianeW777
Expert Alumni

Get your taxes done using TurboTax

It remains to be seen.  We would have no knowledge at this time of any potential reporting changes to the K-3. The K-3 is specifically for international transactions.  See the instruction below for those who create the partnership returns.

 

Box 16. International Transactions 

If the partnership checked the box, see the attached Schedule K-3 with respect to items of international tax relevance. If the partnership did not check the box, the partnership attached a statement to the Schedule K-1 (or issued a statement prior to furnishing the Schedule K-1) notifying the partner that the partner will not receive Schedule K-3 from the partnership unless the partner requests the schedule.

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