jg31
Level 2

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