Thank you for your reply!
So from the below list of options in the "Foreign Country or U.S. Territory" drop down (that don't seem like country names), the best one for my case is "Various"?:
(not applicable) – Placeholder, not a country.
RIC – Refers to Regulated Investment Companies (not a country).
HTKO – Possibly shorthand or internal code, not a recognized country.
965 – Numeric code, not a country.
951A – IRS tax code reference, not a country.
Various – Vague/general, not a specific country.
XX – Placeholder or unknown, not a country.
909 Income – Likely a reference to a tax form or income category, not a country.
Does it mean I need to add up the 3 countries (one being US) into the rest of the turbo tax screens that come after picking Various? Or add up the non-US countries only?
Also, to be sure I don't need multiple K1s / K3s, how to know if i have more than one type of foreign income in columns b, c, d and/or e?
In terms of Box 1 vs Box 2 and what to input in the first ordinary income K1 vs the second rental K2 in turbo tax, it seems, that I always see conflicting information on this. On my separate question here (link), ive explained that I've always tried to attribute rental boxes for one k1 from all the statements vs another. Do you think that was not correct and it is as simple as you mentioned with the second k1 only having box 2? because i have a large grid of entities (where multiple are tagged as Real Estate) under
grid under STATEMENT A - QBI.
thank you again in advance for you help.
