topic Will TT let me file my return and will the government accept it without my Schedule K-3? in Get your taxes done using TurboTax

Will TT let me file my return and will the government accept it without my Schedule K-3?

alj — Mon, 09 Mar 2026 09:10:43 GMT

Like many people I have a Schedule K-1 with box 16 checked indicating a Schedule K-3 is attached even though the Schedule K-3 won't be available until summer of 2022. I have several questions regarding this.
Does the fact there is a K-3 indicate there were definitely foreign taxes paid?
Will TT file it with the missing K-3 and error message?
Will the government accept it with the missing K-3?
Should I tell TT the box is not checked to avoid the error message?

Re: Will TT let me file my return and will the government accept it without my Schedule K-3?

DaveF1006 — Fri, 04 Mar 2022 03:25:38 GMT

Yes, what I recommend is filing the tax return and not claim the Foreign Tax Credit by not checking box16. Once the K3 is available, then amend the original return by checking Box 16 indicating the K3 is attached.

Re: Will TT let me file my return and will the government accept it without my Schedule K-3?

alj — Fri, 04 Mar 2022 03:34:31 GMT

Thanks. Does the fact that there is a K-3 mean there was definitely foreign tax paid or can there be other reasons for the K-3 other than foreign tax paid?

Re: Will TT let me file my return and will the government accept it without my Schedule K-3?

DaveF1006 — Fri, 04 Mar 2022 04:29:08 GMT

The K3's report how varieties of foreign income transactions is distributed as well how to figure the foreign tax credit from information on the K3. It was designed to replace, supplement, and clarify reporting of certain amounts formerly reported on Form 1065, Schedule K, line 20c, Other items and amounts, and Schedule K-1, Part III, line 20, Other information.

The new schedules assist partnerships in providing partners with the information necessary for the partners to complete their returns with respect to the international tax provisions of the Internal Revenue Code.

For example, the new Schedule K-3 provides information necessary for corporate and individual partners to figure their foreign tax credit on Form 1116, Foreign Tax Credit.

Please read these IRS instructions for reporting the K3 information. This will give you great appreciation of the hard work that entity level faces when preparing the K1's. Also look in Part 1 of the K3 for a list of your partnership share on the variety of items listed and checked.

@alj

Re: Will TT let me file my return and will the government accept it without my Schedule K-3?

EtHashem333 — Thu, 02 Mar 2023 23:08:14 GMT

Hi Dave,

Does this advice apply to the 2022 tax year as well?

Thank you!

Re: Will TT let me file my return and will the government accept it without my Schedule K-3?

DaveF1006 — Fri, 03 Mar 2023 00:04:11 GMT

To clarify, are you asking if the K-3 information should be reported now or should you wait? If so, you may report this now since it is available in Turbo Tax. Have you received a K-3 yet from the partnership or S-Corp?

@EtHashem333

Re: Will TT let me file my return and will the government accept it without my Schedule K-3?

EtHashem333 — Fri, 03 Mar 2023 02:11:48 GMT

No. I received a schedule k-1 for the 2022 year and am still waiting for its corresponding k-3. Is it okay to file without the K-3 this year and add it to my filed taxes for 2023?

Re: Will TT let me file my return and will the government accept it without my Schedule K-3?

DaveF1006 — Fri, 03 Mar 2023 13:58:28 GMT

No. If you haven't received your K-3, you can file electronically now then amend your return when you receive your K1. You cannot report this in 2023. You will need to amend your 2022 return.

You might wish to check with the Partnership or S-Corp to see if you receive this before April 18 before filing but if you wish to file now, then you can amend when you receive your K-3.

@EtHashem333

Re: Will TT let me file my return and will the government accept it without my Schedule K-3?

Robert 61 — Tue, 07 Mar 2023 14:22:43 GMT

Should form 8275 (Disclosure) be attached to our return informing the IRS that an amended return will be filed once the K-3 is received in order to prevent fines?

Re: Will TT let me file my return and will the government accept it without my Schedule K-3?

DaveF1006 — Wed, 08 Mar 2023 13:49:54 GMT

No, it is not necessary to inform the IRS of your intention to file an amended return for any reason. Form 8275 is used if you are taking a position that is contrary to a treasury regulation and you are disclosing your reasons for taking the position.

A K-3 omission in the return does not fall under this disclosure requirement bccause you intend to file once you receive the K-3.

@Robert 61

Re: Will TT let me file my return and will the government accept it without my Schedule K-3?

Robert 61 — Wed, 08 Mar 2023 15:33:05 GMT

Wouldn't be form 8275R you are referring to?

Re: Will TT let me file my return and will the government accept it without my Schedule K-3?

HopeS — Wed, 08 Mar 2023 16:01:46 GMT

The K-1 and K-3 from 2022 should be included in your personal 2022 tax return. Otherwise, you will need to amend your 2022 return to include these forms.

@EtHashem333

Re: Will TT let me file my return and will the government accept it without my Schedule K-3?

GrantS1 — Fri, 24 Mar 2023 20:43:03 GMT

Hello, I am having the exact same issue when filing my 2022 tax return. I never received my K-3. After calling the partnership they told me I wouldn't expect to see my K-3 until June of 2023. Won't the IRS penalize me for amending my 2022 returns? If I am penalized, what are the most likely penalties? What do you recommend?

Re: Will TT let me file my return and will the government accept it without my Schedule K-3?

Robert 61 — Fri, 24 Mar 2023 21:32:21 GMT

I believe the IRS will allow an amended return once you receive the K-3. I sent in Form 8082, Notice of Inconsistent Treatment with my return so they are aware you are waiting for the K-3 and to avoid any penalties as per the instructions on the IRS 8082 form.

Re: Will TT let me file my return and will the government accept it without my Schedule K-3?

MAW51 — Wed, 05 Apr 2023 22:20:34 GMT

Hi,

Same problem with no K-3 when K-1 states it is attached. Is there a problem with filing a 6 month automatic extension and then file the return when the K-3(s) arrive (supposedly early to mid summer)? If you decide the file the return now with Form 8082 does that delay IRS processing the return especially if you are going to get a refund

Re: Will TT let me file my return and will the government accept it without my Schedule K-3?

JohnB5677 — Thu, 06 Apr 2023 16:26:01 GMT

Filing for an extension is the safest option. However, there is an exception stating in 2022 regarding K-3's.

New exception to completing Schedule K-3.

“Under a new exception, in certain cases, partnerships with no or limited foreign activity are not required to furnish Schedule K-3 to you for tax years beginning in 2022. See Domestic Filing Exception in the Partnership Instructions for Schedules K-2 and K-3 (Form 1065)." New exception to completing Schedule K-3

Also see: Domestic filing exception (exception to filing Schedules K-2 and K-3)

If you choose to uncheck the K-3 box, I suggest filing a Form 8275.

Form 8275 is used by taxpayers and tax return preparers to disclose items or positions, except those taken contrary to a regulation, that are not otherwise adequately disclosed on a tax return to avoid certain penalties.

Form 8275 is not supported by TurboTax, and it cannot be Efiled. However, you can mail your return and use the link below to prepare the 8275.
Please see About Form 8275, Disclosure Statement for instructions and the FORM.

I would make the disclosure because you may not have to file the K-3.

Your Federal tax return goes to a different location depending on the state that you live in. See this list to determine the location for you. Where to File Paper Tax Returns (irs.gov)

If this does not completely answer your question, please contact us again and provide some additional details.

@MAW51 @alj

Re: Will TT let me file my return and will the government accept it without my Schedule K-3?

DocNyr — Fri, 07 Apr 2023 22:35:38 GMT

Hi Robert 61:

How does one go about filling form 8082 to inform the IRS that I did not receive the K-3 from the partnership?

I only received the K-1 and the tax support office of the partnership said I would only get the K-3 in June!

Any help in filling Form 8082 would be appreciated.

Thanks!

Re: Will TT let me file my return and will the government accept it without my Schedule K-3?

Robert 61 — Fri, 07 Apr 2023 23:22:49 GMT

I got form 8082 from the IRS website to print out.

In Part 1, I checked box 1a (notice of inconsistent treatment) and followed the form instructions from that point on, part II, part III.....etc. The IRS also has complete instructions for filling out the form on the website.

Re: Will TT let me file my return and will the government accept it without my Schedule K-3?

DocNyr — Sat, 08 Apr 2023 01:04:27 GMT

Thank you for your response. I need some more help please...

(1) On line 2, is a publicly traded MLP considered to be a S corporation, or a TEFRA partnership or a BBA Partnership?

(2) On line 5, how do I find out the IRS service center where the MLP files its returns?

Thanks for your assistance.

Re: Will TT let me file my return and will the government accept it without my Schedule K-3?

Robert 61 — Sat, 08 Apr 2023 11:42:46 GMT

For question 1, you would have to call your broker to clarify that information

Question 2....look at your K-1 Part 1C for that information