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Foreign K-1, no EIN, below threshold for 8865
If a taxpayer receives a K-1 from a foreign partnership that doesn't have an EIN, and the ownership amounts and $ contribution aren't enough to require an 8865 filing (I.e. <10% ownership, no 10% change in ownership/acquisition/disposition, <$100k contributed), where does the taxpayer report the info from the K-1 and K-3 in TT? If you try to create a new K-1 in TT, the software throws an error because there is no EIN.
‎October 5, 2023
12:02 PM