I have read many, many postings on this topic in the community. Several date back to 2023, there was one posted in April 2025 that doesn't apply to me. I am using Turbotax Premier for tax year 2024.
I have a K-1 with Part III box 16 checked, and a K-3, which indicates that Parts 1-4 and 9-10 apply. Early on when entering the K-3, TT asks "On your Schedule K-3, go to Part II Section 1 Line 24 go to lines A, B, and C and enter the foreign country for which you are reporting foreign taxes paid or accrued": my line 24 has an entry in line A titled "US". There is an amount in column (a - US Source), column (f - Sourced by partner), and column (g - Total). In the TT-provided dropdown, there is no "US". Many people have asked this question and the advise varies from ignoring the K-3 to manually entering it in forms mode (see the answer from @LindaS5247 that she kindly answered here).
That answer was from 2023.
In TT, I now see an entry in the dropdown called "(not applicable)". Should I use that for "US"? Ignore the K-3? Switch to forms mode and enter the K-3? Upgrade my TT from Premier?
You'll need to sign in or create an account to connect with an expert.
Can someone knowledgeable answer this please?
if you file form 1040, and all the amounts are in column A for parts II and III ignore the K-3 since there is nothing to report. Turbotax does not handle other parts of the K-3. if you file 1040NR then you report column A but Turbotax does not do form 1040NR
Thank you for the answer. My K-3 has an amount in column f. Here are the particulars better organized for readability:
What country do I select in the Turbotax K-3 dropdown asking for "Foreign Country or US Territory"?
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Japtrupusz
Level 2
user17588264765
New Member
rajamony
Level 2
nalee5
New Member
patamelia
Level 2
Want a Full Service expert to do your taxes?