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form 1065 schedule K-1 box B has an address in Bermuda but the intuit form's drop down only has U.S. states to choose from. Should I just type in city and country on the address line?

form 1065 schedule K-1 box B has an address in Bermuda but the intuit form's drop down only has U.S. states to choose from. Should I just type in city and country on the address line

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4 Replies
Irene2805
Expert Alumni

form 1065 schedule K-1 box B has an address in Bermuda but the intuit form's drop down only has U.S. states to choose from. Should I just type in city and country on the address line?

If the partnership has a foreign address, you may use your own address for data entry on Schedule K-1.  The most important items on the K-1 are the EIN and name of the business. The K-1 general information is not filed with your tax return; and the values from the K-1 flow to Schedule E and other respective forms. 

 

It is not a problem to enter another address. 

form 1065 schedule K-1 box B has an address in Bermuda but the intuit form's drop down only has U.S. states to choose from. Should I just type in city and country on the address line?

So, I would just enter my home street address instead of the partnership's address?

Also, one more question, I am asked to "choose type of partner".

I am a US citizen but the partnership lists its address in Bermuda.

Does that make me a domestic or foreign partner?

ThomasM125
Expert Alumni

form 1065 schedule K-1 box B has an address in Bermuda but the intuit form's drop down only has U.S. states to choose from. Should I just type in city and country on the address line?

You would be a domestic partner, since you are a US citizen.

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Irene2805
Expert Alumni

form 1065 schedule K-1 box B has an address in Bermuda but the intuit form's drop down only has U.S. states to choose from. Should I just type in city and country on the address line?

Yes - enter your home street address instead of the partnership's address.

 

As ThomasM125 advised, you are a domestic partner.

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