regarding filing of form 926 for foreign transfer reported on a K1, my read of the IRS instructions is this. There is a 5% ownership limitation of the entity involved and if your ownership is less, filing is not required. In my case, total value of transfers reported on my K1 was less than $500, and I own far less than 1% of the transferring entity, so I think that the
926 filing is not required.
