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MelindaS1

For most people with typical business and investment, these are the parts of the Schedule K-3 you'll want to use to derive your foreign-source income:

Do not use U.S. amounts, if listed on lines A, B, C.

I've included both the Gross and Net Income sections, because I don't know exactly where you are in the program or which values you need. Can you say more about what specifically the question is asking?

Note: Schedule K-3 reports numerous different types of foreign and investment disclosure situations, many of which are way too complicated for most people to worry about. However, take a look at the face of your K-3 and verify which sections have been checked "Yes" as included. Make sure you are not missing any tax return inputs from these additional reporting sections, if included.

See also: IRS - Partner’s Instructions for Schedule K-3

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