Yes, if you qualified for each of the exceptions that Cynthiad66 outlined in her previous post, you qualify for the exception. Be sure to review the specific lines that are referenced in your K1, such as;
- Line 16, Form 1065, Schedules K and K-1 (line 14 for Form 1120-S), and
- Line 20c, Form 1065, Schedules K and K-1 (Controlled Foreign Corporations, Passive Foreign Investment Companies, 1120-F, section 250, section 864(c)(8), section 721(c) partnerships, and section 7874) (line 17d for Form 1120-S).
Also make sure that there is no reference of international relevance in the supplemental statement that came with the K1. This will ensure that you know that your domestic partnership or S corporation has no knowledge that the partners or shareholders are requesting such information for tax year 2021.
@raybeyond
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