Get your taxes done using TurboTax
OK, I will do that. Thank you!
I understand that this is not a typical tax issue. I sometimes think it will be easier if I just feign ignorance and not try to do all this work correctly!
However, since I've come this far, I have one more question (but this might be another example of where I don't want to know the answer...)
The K-1 had Box 16 checked (stating that a K-3 is attached)
However, the K-3 is not available until June, so I don't actually have it now.
In TT, it says: If your Schedule K-3 has no foreign income or taxes on it, you can answer "No" to this question.
My additional instructions had this statement on it (see Part III, Box 16):
So, I don't think that Suburban Propane has foreign income or taxes, but I also saw this online:
It states:
Please note that 100% of Suburban Propane Partners, LP's distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Suburban Propane Partners, LP's distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate without exception.
I'm not sure what they are saying, but does this mean I can still check 'no' in TT for the question regarding a K-3? (If not, then it sounds like I would have to wait until June, to answer all the other questions in TT about the K-3...)
Thank you again!
