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Level 6
February 25, 2022
Question

K-2 and K-3 trust returns

  • February 25, 2022
  • 1 reply
  • 3 views

Are schedules K-2 and K-3 required for trust returns?  I don't see anything about trusts in any of the forms.  But just logically, it seems like it would be.  

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1 reply

Level 7
February 26, 2022

Not sure but unless you are filing a return with foreign beneficiaries, etc K-2 and K-3 aren't even a factor.

nancy2Author
Level 6
February 26, 2022

Really?  On the AICPA Town Hall last week they said anyone who had partners who claimed a foreign tax credit had to file.  Even if the partnership itself had no foreign taxes to report.  I hope I misunderstood that, but they talked about it a lot.