topic Re: When will Schedule K-3 be Released in Get your taxes done using TurboTax

When will Schedule K-3 be Released

MZhun — Mon, 09 Mar 2026 05:48:11 GMT

Good afternoon to whom this may concern,

I have a Form 1065 that I filled with my K-1 and box 16 is checked that shows I had a K-3. When will TurboTax Premier Online support filing the K-3 portion online?

Re: When will Schedule K-3 be Released

Anonymous_ — Thu, 17 Feb 2022 22:21:31 GMT

That is a form related to a Form 1065.

See https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotaxbusiness_fed_windows_partnership.html

Re: When will Schedule K-3 be Released

MZhun — Thu, 17 Feb 2022 22:35:08 GMT

Thank you for the reply,

So based on what I've read, it should be available on or after March 20, 2022 for TurboTax?

Re: When will Schedule K-3 be Released

Anonymous_ — Thu, 17 Feb 2022 23:15:58 GMT

Where did you read that? I am not finding a date.

Re: When will Schedule K-3 be Released

MZhun — Fri, 18 Feb 2022 00:12:23 GMT

I read it on this one,

https://www.irs.gov/e-file-providers/schedules-k-2-and-k-3-interim-electronic-filing-for-tax-year-2021

Based on what you mentioned, does that mean I do not need to file the Schedule K-3 even though the Box 16 in my K-1 I received is checked marked?

My concern is that every time I go to "Needs Review", it mentions this checkbox and that Schedule K-3 will be available in a future release. I don't want to uncheck because my K-1 has it checked,0

Re: When will Schedule K-3 be Released

Delojf07 — Tue, 01 Mar 2022 16:34:58 GMT

Also having the same issue

Re: When will Schedule K-3 be Released

PatriciaV — Tue, 01 Mar 2022 17:06:26 GMT

Most Forms K-2 and K-3 forms do not need to be filed for the 2021 tax 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 is an extract of the IRS announcement:

The IRS intends to provide certain additional transition relief for this year from the Schedule K-2 and K-3 reporting for certain domestic partnerships and S corporations with no foreign activities, foreign partners or shareholders, and without knowledge of partner or shareholder need for information on items of international relevance. For 2021, these qualifying domestic partnerships and S corporations will not have to file the new schedules. We are taking this step in response to feedback we received from the tax community and our stakeholders. The IRS will provide full details of this relief soon.

Re: When will Schedule K-3 be Released

Cactus Jake — Tue, 01 Mar 2022 23:17:29 GMT

Yes, the IRS suspended the requirement for K-3 for some taxpayers. But we who do have foreign income and don't fit the criteria for the suspension still need the capability to input K-3 data into TurboTax for individuals.

So when will Inuit provide that functionality in TurboTax?

Re: When will Schedule K-3 be Released

Anonymous — Thu, 03 Mar 2022 14:21:59 GMT

My K-1 is from USO and has this bit of info included:

Beginning in tax year 2021, items of international tax relevance are now provided by the Partnership on Schedule K-3. A limited number of unitholders (primarily foreign unitholders as well as certain corporate and/or partnership unitholders) may need the detailed information disclosed on Schedule K-3 for their specific reporting requirements. The IRS has recently provided additional Schedule K-3 guidance, and we will continue to monitor any future changes impacting our partners. Accordingly, the Schedule K-3 is not included in the enclosed tax package and will be available online at www.taxpackagesupport.com/unitedstatescommodityfunds by August 31, 2022

Re: When will Schedule K-3 be Released

Ohioalpha228 — Thu, 03 Mar 2022 17:44:46 GMT

Should I uncheck the Box16 then or continue to wait for the new release even though there isn't foreign tax income on the schedule K-3?

Re: When will Schedule K-3 be Released

DaveF1006 — Fri, 04 Mar 2022 03:50:06 GMT

Yes, uncheck the box and file your return. just one question, is there anything recorded on the K3 such as a foreign tax credit? If so, you may wish to amend your return once the K3 is available in Turbo Tax to claim the credit.

@Ohioalpha228

Re: When will Schedule K-3 be Released

Allen2021 — Sun, 06 Mar 2022 00:47:48 GMT

I have the same issue. When will the Turbo Tax include the function in the tx program?

Re: When will Schedule K-3 be Released

Allen2021 — Sun, 06 Mar 2022 00:50:56 GMT

So, I assume using will have to keep checking for updates around 3/20/2022 for the K1-K3 Schedule?

Re: When will Schedule K-3 be Released

PatriciaV — Sun, 06 Mar 2022 14:49:53 GMT

@Allen2021

Yes, you may wish to check for updates (either online or in the desktop software) later in the year, or when you receive Schedule K-3 from your investment. In either case, you should wait to file an amended return until after you receive your refund or when you are certain your original return has been accepted and processed by the IRS.

Re: When will Schedule K-3 be Released

dave1109 — Tue, 08 Mar 2022 15:54:13 GMT

CAN I FILE EVEN THOUGH NO K-3 AVAILABLE?

Re: When will Schedule K-3 be Released

dave1109 — Tue, 08 Mar 2022 15:58:34 GMT

/////WHEN DOES IRS EXPECT TO HAVE K-3 FORM?

Re: When will Schedule K-3 be Released

AliciaP1 — Tue, 08 Mar 2022 21:03:13 GMT

Per the IRS:

Schedules K-2 and K-3 will be available for MeF/XML filing in the following time frames. If you electronically file your return before the time frames, submit the schedules as separate PDF files attached to the return. Taxpayers will also be able to file their Schedules K-2 and K-3 via PDF attachments for the entire 2022 filing season.

Form 1065, Schedules K-2 and K-3 March 20, 2022

Form 1120-S, Schedules K-2 and K-3 Mid-June 2022

Form 8865, Schedules K-2 and K-3 January 2023

@dave1109

Re: When will Schedule K-3 be Released

David723 — Wed, 09 Mar 2022 13:57:59 GMT

I do see the IRS K-3 1065 availability date, but can you be specific on an availability date for the TurboTax desktop version update which has the 1065 K-3 form?

Re: When will Schedule K-3 be Released

PatriciaV — Wed, 09 Mar 2022 14:12:57 GMT

Unfortunately, we are unable to provide a specific date for the TurboTax release of Form 1065 Schedule K-3. As you can see from @AliciaP1's post, this form will not be available to our programmers until March 22, 2022, at the earliest. But there is no guarantee the IRS will meet that deadline. We suggest you periodically update your TurboTax installation after that date, and check to see if Schedule K-3 has been added.

Re: When will Schedule K-3 be Released

7336 — Wed, 09 Mar 2022 15:35:36 GMT

When will form K-3 be released. Simple straight answer please