Do I need to generate K-2 and K-3 on an 1120S if there is no foreign income?

[JRC]

No for 2021 if you meet the Exceptions for not to include the K-2 and k-3.

Yes for 2022.

Everyone says to refer to the instructions.

[abctax55]

Depends on certain Forms filed by the shareholder (s).

Exception 4 (I think...)