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Deductions & credits
Yes I understand this conflict. And I understand everyone's frustration regarding this. I am reporting to you what the tax law says.
If you do not have any foreign income to report on your tax return or tax credits you do not need to enter the K-3. Keep it for your tax records.
And this requirement is new this year. I expect all of this will catch up with itself at some point. If for some reason you were contacted by the IRS regarding your return you have your documentation.
However, if this is not comfortable with you, I suggest you try calling TurboTax Support and connect with a Live Agent who can share your screen. Click here for information on Turbo Tax Support.
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March 28, 2023
6:30 PM