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Where to enter 1065 K-3 info received by S corp/1120s?

Level 1

An S corp client received a K-1 (and subsequent K-3) from a 1065 passthrough.  There was actually NO foreign tax paid or accrued, but the K-3 is filled out - sourcing the income & deductions between US and foreign sources.  How & where is this info entered into the 1120s?  I can't find any discussion or information on this.


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1 Comment 1
Level 11
Level 11

Screen 86.1.

You might want to check the box to have Lacerte fill out the K-3 automatically, put that information in a spreadsheet, add the K-3 info you have from the 1065, and then use the totals to guide your input into Lacerte.