The sole purpose of Schedule K-3 is to report foreign income in great detail.
Many of US partnerships and S-Corporations are required to file this form, but without any foreign partners or transactions, the form is almost completely blank for them.
The IRS says you must complete Part II and III even if you have no foreign income or transactions.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
