I am a bit confused on the following items.
1. How do you enter information for the multiple income types in TT? It asks for a lot of base information but then i can't tell how to create a separate one for each income type.
2. I also have a K-3 but when TT walks you through the form, it says, you also need to create a unique K-1 for each foreign entity as well. So does this mean you have to have multiple K-1 forms? One for income type and then one for each country of that income type? If so, what base information goes into each one and what unique info goes into the country unique ones?
3. On my K-3, on expenses, my K-1 does not break apart by country the column F (deduction allocated to individual) so I don't understand how to allocate this to each of the country type since these values don't also show up under the US column. I only see the deduction in column F. How to deal with this?
I can provide more details if that would help but trying to just get basic stuff started.
