k1/k3 forms need to file

[Ollie2891]

I have a do not have, this will 

[AliciaP1 · Accepted solution]

If you are not already claiming a foreign tax credit from other forms you have received and the K-1 losses would only contribute to a carryover, you do not need to include them.  Ensure you have added the losses to your carryover amounts to update on your 2023 taxes.  If you are claiming a foreign tax credit, you will need to enter your K-3 to ensure the calculation for the allowable credit is correct.

I do not recommend filing now if you already know you will need to amend when you receive the K-3.  If this is the case, you should file for an extension and pay any estimated tax you may owe by 4/18/23.

[DaveF1006]

K-1's with losses do not need to be reported. IRS is only interested in income and profits reporting.