Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Apr 9, 2022 8:05:12 AM

k-3 line24 with no US option

K1 box 16 - K-3 Line 24 has US, but pulldown for turbo tax does not have this option. What to I reply?

0 2 363
2 Replies
Expert Alumni
Apr 9, 2022 11:12:18 AM

This experience has been forwarded to our tech support for further investigation. However, other experts believe that US sourced income should not be reported on Schedule K-3. We are waiting for confirmation, but this is unlikely to be resolved before the filing deadline.

 

Our recommendation is to leave those boxes blank and e-file your return now. If new guidance is released, you can always amend your return later.

Returning Member
Apr 10, 2022 3:10:18 PM

I ended up using RIC for mutual funds