I have a partnership K1 with box 16 checked but do not have Foreign Income. The K1 has RIC income from a REIT and RIC is one of the pull down choices instead of a country source for the income when entering K3 information. Despite choosing RIC there is still a warning with Smart Check :
Sch K-1 Wks-Partnerships: Box 16 is checked but there are no entries in the Schedule K-3 Foreign Transactions Smart Worksheet.
Any suggestions on how to resolve the Smart Check error?
Thanks in advance.
s
