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Investors & landlords
What happened is you received K-3 information in the K-1 that needs to be reported in Box 14 of your S-Corp K-1. For countries, various is a good choice to use if you don't have specific information to offer.
Now to determine how to enter specific classifications, you need to look at Part 11, Section 1, line 24 in that K-3 supplementary form to find out specifically how to report the information.and how the income is sourced. It will stipulate whether it is sourced from passive, general, other, partner level or all sources.
Now your dividends would be reported as passive income in Column C on that same screen.. if you continue two screens over, this will allow you to report the foreign taxes that were paid. You would make the entry in the first box if the taxes are paid rather than accrued. You will need to read that statement that came with k-1 thoroughly to report this information correctly.
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