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After you file
Yes, the K-2 and K-3 info will be related to foreign income and foreign tax.
For 2021, eligible passthrough entities with no foreign activities or foreign partners/shareholders and without knowledge of partner or shareholder need for information on items of international relevance will not have to file the new schedules.
Click this link for more detailed info on Forms K-2 and K-3.
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March 29, 2022
1:06 PM