Unless I’m reading and interpreting incorrectly, only partnerships without foreign activity and without foreign income don’t have to file the K-3 this year. For those of us that do have foreign income and taxes, we are required to file this year. There is no way to attach a pdf or write special notes with your online TT filing, so the guidance from TT is incomplete. If the IRS provides the electronic xml version to TT as scheduled around March 20, we should be able to file on time by April 18. Otherwise, we should request an IRS extension via TT and wait for the TT update. Many us of also are discovering that the partnerships we own won’t provide their K-3 information until August or September. I’m not blaming TT, but am considering selling all my interest in the partnerships this year. It has become complex and causes headaches. Good luck everyone. Dave.
