Where can I enter my Schedule K-3 in TurboTax Premier for the Mac?

[dubtaxes]

I just received my form at the end of August and have no clue how to read it.  It says Yes to Part I, II, III, IV, IX, and X.  Any help would greatly be appreciate it!  I do not know where to enter this as this is the last of the information I was waiting for and why I filed an extension.  Thank you in advance for your help!

[Critter-3]

It depends. For some taxpayers, the IRS has announced that most K2/K3 reporting for 2021 can be delayed until the 2022 tax return. If your K-1 does not report foreign activities for Schedule K-3, you can uncheck the box (14 on 1120S, 16 for 1065) and e-file now. 

However, if your K-1 does report foreign activities, you are required to include Schedule K-3. You have the option to uncheck the box, e-file now, and amend your return later. Or you can file an extension and check back later in the year to see if Schedule K-3 is available.

Please note that the issuance of a K2/K3 is not a Turbo Tax issue, it is a IRS issue. According to the IRS, these are the release dates for these forms, based on type of Business Entity.

Form 1065                        March 20, 2022

Form 1120-S                     Mid-June 2022

Form 8865                        January 2023

For more info, see this IRS link.