Both K-2 and K-3 are new schedules for 2021. The K-2 is an extension of the Schedule K of the business return and the K-3 is an extension of the K-1. They both add the details for items of international tax relevance to the Schedules K & K-1.
The business return should include both if it needs to include international tax items and the partner or shareholder should receive the K-3 along with their K-1.
@nrdlik99
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