TaxGuyBill
Level 15
02-11-2022
06:14 PM
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Personal opinion: For 2021, if the Partnership itself doesn't have anything foreign, I would just ignore the K-2/K-3; there is no way the IRS will enforce any penalties based in this last-minute craziness.
CAGMC.
Next year, yes, it will probably be a legitimate requirement (although quite annoying).