I am a CPA preparing Form 1041 with Turbotax Business software. How do I get Turbotax to generate a Foreign Taxes Statement for each Schedule K-1? The Foreign Taxes Statement is required to report the beneficiary's share of foreign tax (paid or accrued) and income by category including interest, dividends, rents and royalties, and other income. Can Turbotax generate this, or must I create the statement manually for each beneficiary?
