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1120 S Schedule K-2 and K-3 for foreign tax credit where do enter in tax info in Lacerte?

Kent1963
Level 1

An indirect partner includes a
partner that owns the partnership through
a pass-through entity (for example, a
partnership, S corporation, or a trust (see
Regulations section 1.904-5(a)(4)(iv) for
the definition of pass-through entity).

A partnership that
does not have or receive sufficient
information or notice regarding a direct or
indirect partner must presume such
partner is eligible to claim a foreign tax
credit and such partner would have to file
a Form 1116 or Form 1118 to claim a
credit. As such, the partnership must
complete the Schedule K-2 and K-3,
accordingly

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2 Comments 2
sjrcpa
Level 15

Probably the same place we enter the info for Form 7203. 

The more I know, the more I don't know.
sjrcpa
Level 15

Sorry @Kent1963  I'm a bit PO'd at Intuit now.

The more I know, the more I don't know.