topic K-1, K-3 in Get your taxes done using TurboTax

K-1, K-3

sjbo1 — Mon, 09 Mar 2026 09:19:44 GMT

I am in an investment club and we got a K3 this year attached to the K1. when preparing taxes using TurboTax Deluxe, I get a message -

Sch K-1 Wks-Partnerships (The 6000 Club): Box 16 checkbox indicates this K-1 includes Schedule K-3 with foreign tax information. Schedule K-3 will be available in a future release.

Is there an upgrade planned so that I can finish my 2021 taxes?

Thank You

Re: K-1, K-3

Anonymous_ — Wed, 02 Mar 2022 14:38:27 GMT

See the following thread:

https://ttlc.intuit.com/community/business-taxes/discussion/schedule-k-1-says-attached-k-3-but-not-received-yet-schedule-k-1-faq-says-i-don-t-have-to-attach-k-3/00/2486570

Re: K-1, K-3

sjbo1 — Wed, 02 Mar 2022 18:34:09 GMT

it's unfortunate that there isn't any really good answers provided in the link/comments provided in reply to this question. as a TurboTax customer, it would be better if the software would allow you to bypass/correct the error message so that you can complete your taxes. Now I am left to wonder what I am to do. Since my K1 is supplied from my investment club, and K1 box 16 has the check mark in it, how do we proceed? do I just tell TurboTax that box 16 is unchecked? that doesn't seem totally correct. So what is the approach to take?

Re: K-1, K-3

MarilynG1 — Wed, 02 Mar 2022 19:01:31 GMT

Most forms K-2 and K-3 forms do not need to be filed this year.

The IRS announced on Tuesday February 15, 2022 that most K2/K3 reporting for 2021 can be delayed until the 2022 tax return filing.

This link provides more info on K-1 Box 16 Filing.

Re: K-1, K-3

hbvon1 — Fri, 04 Mar 2022 19:07:50 GMT

On a parallel TT chat board re K-3, one member posted a practical answer .Uncheck box 16 and file. If need be

(my case) follow up with a 1040-x amendment to claim any foreign tax credit..I have the K-3 info but

unsure presently how to handle the filing etc. . The amendment can be filed once the confusion clears . .