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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:
- Open the Schedule K-1 Worksheet.
- Scroll down to the Foreign Transactions line: For partners, this is line 16. For shareholders, this is line 14.
- Check the Schedule K-3 is attached if checked box.
- Enter the Name of Country or U.S. Possession.
- 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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March 28, 2023
5:41 PM