you need 3 k-1 to enter the info
you see you have 3 categories of foreign income - foreign branch, passive and general and each must be entered on its own form 1116. whether its worth the effort I leave to you
code A - each K-1
code B - each k-1
code C - doesn't get entered if you are a US resident otherwise enter on each k-1
codes I and J need to be allocated based on codes E, F, and G and entered on their respective k-1's
codes P & Q should be allocated by category as specified on the K-1 and entered accordingly on your k-1's
category - foreign branch - codes E and L go on one 1 k-1 along with the apportioned amounts for I and J and the FTC for this category from P and Q
category - passive - codes F and M go on the second k-1 along with the apportioned amounts for I and J and the FTC for this category from P and Q
category - general - codes G and D go on the 3rd K-1 along with the apportioned amounts for I and J and the FTC for this category from P and Q
technically you must choose between foreign taxes paid code P and those accrued code Q. you are not supposed to take both types in the same year.
if there is only one category of Foreign Taxes (ie P or Q) then you only need 1 k-1 and enter the items only for that category
if your total of foreign taxes is $300 or less if single, head of household, or married filing separate or $600 or less if filing joint form 1116 is not required.
