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Deductions & credits
Thank you for that information. Is Part II of the K-2, the Foreign Tax Credit Limitation, not needed with Part III?
Why is the foreign tax paid reported on K-2 Part III section 4 not transferring to member K-1's line 21?
Only a portion is. Is the foreign tax paid limited on the partnership level?
Thank you
‎April 2, 2022
12:49 PM