DaveF1006
Expert Alumni

Business & farm

Yes, since you paid foreign income tax, you need to prepare a k2 and K3 in your 1120S. FYI, here are a couple of links that explain the k2 and K3 more in detail. These do have some helpful information that you may find informative.

 

 

Schedule K2 & K3 FAQS

 

Instructions For K2 and K3

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