The K-3 is actually a very detailed report which targets International partnerships. I think that it will not affect a lot of taxpayers and the ones it is targeting know they need to provide this information. From what you entered, it does not seem you will have to report anything (because the basic of the K-3 were included on prior K-1s just in less detail)- you can file now with the caveat to make sure you check as soon as you get a K-3. Most likely, by the time more are circulating, there will be more information here to help with specific questions.
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