I received a K3 with my K1.

[Rs6er]

Do I have to file anything?

[Cynthiad66]

Yes you do.  You will need to file them with your tax return.  Steps are provided below.

Schedule K-3 is an extension of Schedule K-1 of Form 1065 or 1120-S. It’s generally used to report a partner’s or shareholder’s portion of the items reported on Schedule K-2. Partners or shareholders must include Schedule K-3 information on their tax returns if applicable.

Follow these steps to enter your K-3 in TurboTax:

1. First, enter your Schedule K-1 by following these steps
2. When you get to the screen Is box 16 checked on your K-1? (or 14 depending on your form), mark Yes
3. Check if your Schedule K-3 has more than one type of foreign gross income in columns (b), (c), (d), or (e)
   • If it does, you’ll have to enter additional Schedule K-1s for the same business

Please use this link for additional Information:  How to enter Schedule K-3