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Reporting foreign tax paid on Form 1065.
I use TurboTax Business to prepare Form 1065. The Form 1099 from Fidelity Investments shows $719 in foreign tax paid. This amount appears on line 21 of Sch. K. and pro rata amounts on the partner's K-1s. I can find no mention whatsoever of the new forms K-2 and K-3--not even the warning that they will not be available until March 22, after the filing due date of March 15. Also, I cannot find any place in TT Business to enter the foreign income total which was reported to me on the Fidelity 1099. I have already filed the Form 1065. Will I have to file an amended return with the forms K-2 and K-3 after they finally become available?
The IRS is not handling this new reporting requirement well. TurboTax, disappointingly, is not doing any better.
Thanks for whatever help and advice you can give me.