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Schedule K-3 (Form 1065), Part III, Section 2; and Part X, Section 3

When entering my K-1 and K-3 in Turbo Tax, it doesn't allow me to enter numbers for these 2 sections of the K-3 (Part III, Section 2 and Part X, Section 3).  How/where do I enter them?

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1 Reply
PatriciaV
Expert Alumni

Schedule K-3 (Form 1065), Part III, Section 2; and Part X, Section 3

TurboTax does not support Schedule K-1 Part III Section 2 or Part X for the following reasons:

 

  • Part III Section 2 applies only to partners who own more than 10% of the partnership and have interest expense reported on Form 1116, Part I, line 4b.
  • Part X applies only to foreign partners.

 

If either of these situations apply to you, you will need to manually adjust the amounts reported on the related forms in your return. 

 

Otherwise, you may ignore these sections of Schedule K-3.

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