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BrittanyS
Employee Tax Expert

In schedule K-1, box 16 is checked (k-3), does that mean I cannot e-file with Turbotax? I keep getting message saying k-3 will be available in future release.

You would not enter the $1,797 as foreign income because it is US income.  You would enter the K-1 as it appears except leave box 16 unchecked.  

 

You will also want to make sure you will not receive a K-3 at a later date that will include international income.  

 

If you receive a K-3 at a later date that includes international income, you will need to amend your return to include the corrected K-3.  

 

@ANDY012408 

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stevejc
New Member

In schedule K-1, box 16 is checked (k-3), does that mean I cannot e-file with Turbotax? I keep getting message saying k-3 will be available in future release.

@BrittanyS  I believe I know the right answer based on the previous posts but to be clear:

  • Box 16 is checked
  • Schedule K-3 is attached but section E 1-11 & 13 are all checked no
  • This is a domestic real estate partnership with no foreign income, deductions, or credits

I should uncheck box 16.  Correct?

 

Thanks!

DaveF1006
Employee Tax Expert

In schedule K-1, box 16 is checked (k-3), does that mean I cannot e-file with Turbotax? I keep getting message saying k-3 will be available in future release.

Yes, uncheck Box 16 since you have no foreign income to eport.

 

@stevejc 

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