1. I have a K-1 from a partnership whose address is in Bermuda. I'm using Home and Business 2019. When I go to enter the address, the software only offers address forms for the US, i.e. State and Zipcode. How am I supposed to enter the address on my form?
2. I assume this means this is a foreign investment, even though this company operates in the US. I am a domestic partner. In the foreign transactions part III/16 it says OTH COUNTRIES. Not sure what this means.
3. Under 13 W, my K-1 says "Guaranteed Payment for the Use of Capital" but TurboTax doesn't have this as a selection. What do I do? Many thanks.
May I say, I can't believe how much time each K-1 takes. And how confusing they are to enter. I wish there were a way for the program to import the data as it does with my other financial accounts.
Thanks
