Thank you for that clarification! I have been getting conflicting info on filling out the K3 portion. I'm not sure if I have to or not. Everything I have seen on the internet references people running the PTP not us mere shareholders. I've read that there are big penalties for not filling out that info, I have read there are parameters ( foreign income, foreign business dealings, etc...) that makes it either necessary or unnecessary for tax payers to fill it out... and I can't make heads or tails of the IRS directions.
