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Level 1
posted Oct 5, 2023 12:02:04 PM

Foreign K-1, no EIN, below threshold for 8865

If a taxpayer receives a K-1 from a foreign partnership that doesn't have an EIN, and the ownership amounts and $ contribution aren't enough to require an 8865 filing (I.e. <10% ownership, no 10% change in ownership/acquisition/disposition, <$100k contributed), where does the taxpayer report the info from the K-1 and K-3 in TT? If you try to create a new K-1 in TT, the software throws an error because there is no EIN.

0 1 462
1 Replies
Level 15
Oct 5, 2023 1:40:49 PM

I will page @pk