2777246
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

A question about K3 from Holly Energy and Enterprise products partners

For 2021, we have received K1 for both Holly energy and Enterprise partners and on box 16 - checked indicating that K-3 is attached but we  have not received K3. On box 21 say - foreign taxes paid or accrued. 

 

Both of the companies say  - does now own assets generating foreign source income and otherwise does not have foreign source income or incur foreign taxes. 

 

Both K1 shows net loss of $1 or $2 (yes it was just a trial investment) 

 

So should I just move on without checking where TurboTax,  ask if  all those boxes checked? particularly box 16? ( so it does not ask for K3 info on next screen?)  @PatriciaV @fanfare @VolvoGirl @Mike9241 @Cynthia66 @DaveF1006 @AliciaP1 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

A question about K3 from Holly Energy and Enterprise products partners

You can skip those entries and the K-3 mess altogether since it is only such a small amount that the IRS will never pay attention to.

A question about K3 from Holly Energy and Enterprise products partners

Yeah that is what I thought but wanted to confirmed with someone more experienced like you.

Thanks.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question