heythisisdave
Returning Member

K-3 Support in Turbotax Business (does increasing amount of K-3s mean TT Business is dead?)

I'm seeing more and more pass-through K-1s that I'm processing have a K-3 (even though there is no Foreign Tax Paid or Accrued).  There often is some small amount of bank interest or something in the K-1.

 

Turbotax Business doesn't seem to have a way to handle these - does that mean that TT Business is just no longer viable for most 1065s that are used for investments in PTPs etc?  

 

Curious how people are handling the K-3s (and Box 16 in K-1s).