topic Re: TurboTax software bug - K3 form missing information in Get your taxes done using TurboTax

TurboTax software bug - K3 form missing information

Tax2019Pay — Mon, 09 Mar 2026 06:58:59 GMT

TurboTax only partially created the K-3 electronically for only foreign derived income, not for incomes from all sources. In my case, as a passive investor in a partnership, I have only received US based income and zero foreign income. In the newly incorporated K-3 form, TurboTax does not allow me to enter US income information.

Here are some issues:

TurboTax interview asked "Foreign Country or US Possession", what do I select? Do I select "not applicable" since US is not among the list of countries in the pull down list?

When prompted to "Enter gross income information", there is no Column A box for US income, but there is a Column G total for "Foreign Gross Income - Gross Income from all sources", should I enter US total in Column G or leave it blank?

If I cannot enter US or any US source income in TurboTax version of K-3, then what do I do?

Re: TurboTax software bug - K3 form missing information

Mike9241 — Sun, 27 Mar 2022 04:29:14 GMT

nothing. the US based income is for reporting by non-resident aliens who file 1040-NR,

second, the IRS has waived most foreign reporting for 2021

Re: TurboTax software bug - K3 form missing information

Tax2019Pay — Sun, 27 Mar 2022 14:09:58 GMT

My K-3 has box 16 checked, in it, it showed only US based income in column (a) and column (g). There is no where in TurboTax where it allows me to enter either US based income or even select US as a country. Even if I choose "not applicable" for country selection since US is not a choice, it still gives error when running review. The only way to do this is to uncheck K-3 box in TurboTax, then it is inconsistent with what is on K-3. This is a bug in TurboTax obviously.

Re: TurboTax software bug - K3 form missing information

woolleyr — Mon, 28 Mar 2022 01:27:50 GMT

I have the same exact problem.

Re: TurboTax software bug - K3 form missing information

pankajmadaan — Mon, 28 Mar 2022 19:56:41 GMT

I have the same issue here

Re: TurboTax software bug - K3 form missing information

dbrubeck — Wed, 30 Mar 2022 04:29:28 GMT

I have the same issue. K1 box 16 checked. K3 has only US source income. TT won't let me specify US on K3 line A for name of country.

Re: TurboTax software bug - K3 form missing information

gordonwd5 — Thu, 31 Mar 2022 20:21:18 GMT

I have the same problem as the above about US income.

How am I suppose to enter my K3?

I also have problems with my cost basis.

Re: TurboTax software bug - K3 form missing information

tstumpek — Fri, 01 Apr 2022 17:35:01 GMT

Same issue here

Re: TurboTax software bug - K3 form missing information

mschou — Sat, 02 Apr 2022 01:11:47 GMT

same here

Re: TurboTax software bug - K3 form missing information

woolleyr — Sat, 02 Apr 2022 20:11:13 GMT

I talked to TurboTax about this. They recommended that I uncheck box 16 on the K-1 if I had no foreign income. I did this and finished my taxes.

Re: TurboTax software bug - K3 form missing information

Tax2019Pay — Sun, 03 Apr 2022 00:36:20 GMT

Isn't that bizarre?! If this is the fix, why can't Turbo Tax insert a sentence in the interview: If you do not have any foreign income in K-1, please uncheck Box 16"?

If the answer you got were from Turbo Tax, then they had put the burden on you. If IRS would have an issue to reconcile your K-3's with what you entered into Turbo Tax, you could not blame Turbo Tax - you have no official record of the conversation with Turbo Tax.

What I do not understand is why Turbo Tax has truncated an official IRS K-3 form? 2021 Schedule K-3 (Form 1065) (irs.gov).

I am still undecided - will wait for a few more days to see if TurboTax finally wakes up to do the right thing to fix the K-3 issue before the tax filing deadline.

Re: TurboTax software bug - K3 form missing information

lemmharris1 — Thu, 07 Apr 2022 19:00:58 GMT

Have not seen any update. Any word from Turbotax?

Re: TurboTax software bug - K3 form missing information

sg1010 — Fri, 08 Apr 2022 05:54:10 GMT

I have similar issue. But I do have foreign income and my K-3 includes A-US, B-CA, C-FR. But Turbo Tax does not show US in dropdown.

Re: TurboTax software bug - K3 form missing information

taiyed201 — Tue, 26 Mar 2024 02:25:38 GMT

Was this ever resolved? I am not in this exact situation in for 2023 income. Is the right way to uncheck the box 16?

Update: Answering my own question. Turbotax puts a note:

What if my Schedule K-3 has no foreign income or taxes?

If your Schedule K-3 has no foreign income or taxes on it, you can answer "No" to this question.

Re: TurboTax software bug - K3 form missing information

srcopeland — Sun, 31 Mar 2024 23:45:36 GMT

It's March 2024 and this is still a problem in TurboTax. I've been messing with this for way too long trying to figure out how to enter my K3 info and then whether or not I even need to enter my K3 info since I have no foreign income. Until TurboTax fixes this, I'm unchecking box 16 on my K1 and moving on, I guess.

Re: TurboTax software bug - K3 form missing information

lemmharris1 — Sun, 31 Mar 2024 23:58:07 GMT

This year (2023) Turbotax tells you to un-click the box if you have no foreign income. It's hard to see but the note is there as you are going through the steps. Hope this helps!

Re: TurboTax software bug - K3 form missing information

jrreilley — Sun, 07 Apr 2024 23:38:25 GMT

Same issue here. I updated software as of 4/7/2024 and still have the same issue with K-3 (I only have box (a) and (g) (US only), and so cannot enter the data. I'm not sure why the interview is telling me I don't need to enter my K-3 if that is really the case as others have mentioned previously.