K1 - Box 16 checked but not Foreign Income

[scottbfreeman]

I have a partnership K1 with box 16 checked but do not have Foreign Income. The K1 has RIC income from a REIT and RIC is one of the pull down choices instead of a country source for the income when entering K3 information. Despite choosing RIC there is still a warning with Smart Check :

Sch K-1 Wks-Partnerships: Box 16 is checked but there are no entries in the Schedule K-3 Foreign Transactions Smart Worksheet.

Any suggestions on how to resolve the Smart Check error?

Thanks in advance.

s

[MinhT1]

If you had no foreign income from the K-1, you can uncheck box 16. Form K-3 is not necessary for tax year 2021.

Please read this IRS document for more information.

[me271]

How and where do I uncheck Box 16, electronically?

[scottbfreeman]

This may be done in the forms view for the K1

[me271]

Please, Where in the Forms do I find what I need to change?

[scottbfreeman]

In the top level menus, one can choose to view the FORMS. Go to the K1 form involved. Item 16 will have a checkbox on the right, just uncheck it if that is what you believe is the correct way to complete your tax return.