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New Member
posted Dec 25, 2024 5:20:57 PM

K-3 step-by-step support

Hi, my K-3 has the following parts checked: Parts 1,2,3,4,9,10. From what I read from the community, it appears that only some parts of K-3 filing are supported, and that Parts 1, 2, 3, and 4 are supported. Does TurboTax provide step by step support for Parts 9 and 10? If so, which Edition of Turbo Tax should I use, Premier or Business, or some other editions? Thanks!

0 2 6038
2 Replies
Level 15
Dec 25, 2024 10:09:43 PM

Turbotax does not handle parts 9 and 10

Part IX (9). Partner’s Information for Base Erosion and Anti-Abuse Tax (Section 59A)

applicable taxpayer
(1) In general The term “applicable taxpayer” means, with respect to any taxable year, a taxpayer— (A) which is a corporation other than a regulated investment company, a real estate investment trust, or an S corporation, 

so this section does not apply to 1040 filers, 

 

Part X (10). Foreign Partner’s Character and Source of Income and Deductions
Use this part if you're a foreign person .............

 

if you are not a foreign individual (non-resident alien), this part is not applicable, if you are you should be filing form 1040-NR which Turbotax does not do

 

 

New Member
Dec 26, 2024 11:39:22 PM

Thank you! So does the Premier edition support K-3?