@Cynthiad66
Thank you very much.
Yes I've seen the link. However I do not know how to determine if the exception applies to me.
I even called the company that issued my K-1 and they weren't able to give me an answer as to if the exception applies to me. The only thing I was told was that the vast majority will not be affected by the Sch K-3.
My guess is that they have checked the K-3 box across the board so they don't get in trouble with the IRS but we won't know for sure until August.
