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
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.