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Investors & landlords
No, if your Schedule K-1 says 1041, that is the type of K-1 you need to enter in the program. If there is a Schedule K-3 attached, it will provide you more details
As for your questions:
- You can use Various or RIC if no specific country is named.
- "Gross Income Sourced at Beneficiary Level: Foreign Source Income" is the correct choice since you are the beneficiary.
- Your income category is Passive.
- You will be asked for the amount of foreign tax, whether it was paid or accrued and on which date.
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March 21, 2023
8:48 AM