LindaS5247
Expert Alumni

Investors & landlords

If you have no other foreign income or foreign tax credits to report on your return you do not have to include the K-3. Keep it with your tax records.

 

Otherwise, you will have to enter your Form K-3.

 

To enter, switch to "Forms Mode", Type "K-3" in the box (top left).  You will see this:

 

 

 

 

Click "Next" and you will see this:

 

 

 

 

 

 

Click "Finish" and you will see this:

 

 

 

 

Depending which version of TurboTax you have you can also try this to enter the K-3:

 

  1. Open the Schedule K-1 Worksheet.
  2. Scroll down to the Foreign Transactions line: For partners, this is line 16. For shareholders, this is line 14.
  3. Check the Schedule K-3 is attached if checked box.
  4. Enter the Name of Country or U.S. Possession.
  5. Complete lines B through AI based on the K-3 received.

 

If this does not help please feel free to come back to TurboTax Community with additional questions or click here for information on Turbo Tax Support.  You can connect with a Live TurboTax Agent and share your screen.

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