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Turbotax is not generating Foreign Tax Statement to be attached to Schedule K-1 of Form 1041

I am a CPA preparing Form 1041 with Turbotax Business software.  How do I get Turbotax to generate a Foreign Taxes Statement for each Schedule K-1?  The Foreign Taxes Statement is required to report the beneficiary's share of foreign tax (paid or accrued) and income by category including interest, dividends, rents and royalties, and other income.    Can Turbotax generate this, or must I create the statement manually for each beneficiary?

 

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Accepted Solutions
RobertB4444
Expert Alumni

Turbotax is not generating Foreign Tax Statement to be attached to Schedule K-1 of Form 1041

Yes, TurboTax can handle it.  But the form won't be ready until February 21st.

 

@sail too 

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1 Reply
RobertB4444
Expert Alumni

Turbotax is not generating Foreign Tax Statement to be attached to Schedule K-1 of Form 1041

Yes, TurboTax can handle it.  But the form won't be ready until February 21st.

 

@sail too 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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