I got K1 from public traded MLP and it has section 16 checked. Now I got K3 as well.
In TT interview Enter your info
It is asking me go to Part 2, Section 1 and Line 24 and enter each foreign Country.
But in K3 there is only United States listed and TT drop down menu is NOT showing USA any where but it does has list of every country in world. How to handle this one? Choose various? My software is UP to date. There are few codes as well like RIC, HTKO, 965 , 951 A, Various and 909 income
There is different language at TT interview and K1 from partnership.
Q: TT interview is telling me look at Part 2 , section 2 line 54 then Column F . TT has listed as Deduction allocated at Individual level BUT K3 has listed same line and Column F as Sourced by Partner. Same thing or can be different?
Q: In K3 there are Column A though G. A is US source . B though E are Foreign source, F column is SOURCED BY Partner and Column G is total. In TT interview Column A is missing? It is giving me issue later on. As I mentions A is missing TT interview and Column F is Sourced at Partner. Later on in TT it is new Window at Enter Income detail. it is listing F column amount as Total. I did not get a chance to enter anywhere US source figures?
