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Level 2
posted Mar 26, 2022 12:14:18 PM

When will schedule K-3 be available in TurboTax?

TurboTax home and business edition (last updated 3/23/22).

When will the form K-3 be available in the software?

 

Mark

0 2 331
2 Replies
Expert Alumni
Mar 26, 2022 6:41:00 PM

From @Mike9241:

The IRS has waived k-3 reporting for 2021. There is a  problem if that K-3 reports foreign tax credits. There isn't a way to claim those credits without the form. However, in many cases, there will be no FTC. Your options are to file by 4/18/2022 and amend if there is FTC or file an extension and wait for the partnership to provide the K-3 info. To file now uncheck the K-3 box on the Turbotax K-1 form.

Level 15
Mar 26, 2022 10:33:52 PM

it's now 3/27 the K-3 section s/b there if you allow automatic updates. if not you need to update.