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New Member
posted Jun 5, 2019 11:40:41 AM

I received a K-1 from Bermuda(Lazard, LTD) but in K-1 info on turbo tax form it asks for "address and state" and will not accept Bermuda-only US states. How dos I proceed

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1 Best answer
Expert Alumni
Jun 5, 2019 11:40:43 AM

You may use your own address for data entry on Schedule K-1, if you have a foreign address.

The most important item on the K-1 is the EIN and name of the business. The K-1 general information is not filed with your tax return; and the values from K-1 flow to Schedule E and other respective forms.  It is not critical nor problematic to enter other address.  

2 Replies
Expert Alumni
Jun 5, 2019 11:40:43 AM

You may use your own address for data entry on Schedule K-1, if you have a foreign address.

The most important item on the K-1 is the EIN and name of the business. The K-1 general information is not filed with your tax return; and the values from K-1 flow to Schedule E and other respective forms.  It is not critical nor problematic to enter other address.  

Level 2
Jun 5, 2019 11:40:44 AM

I must have been confusing. I live in the US. The partnership has a Bermuda address. Turbotax requires me to enter a US state, so this partnership does not seem to be able to be issued. Any suggestions?