3296051
I have a 1099-DIV line 7 that shows foreign tax paid on dividends from a foreign company. Where do I report this on Form 1065 so that each partner's K-1 reports their share of foreign taxes paid?
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The foreign tax paid is reported on line 21 of Schedule K to Form 1065.
On each partner's Schedule K-1, the partner's allocation of foreign tax paid is reported in box 21.
But does that information get on the K-1 via an entry on Form 1065? I input all my information on form 1065 and it generates automatically the K-1s for each partner.
When I enter the foreign taxes paid on Line 14 on form 1065, it doesn't translate to the K-1s Line 21. So how do I get the amount needed on Line 21 of the K-1s?
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