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Level 2
March 14, 2022
Question

Other Countries Option on Schedule K-2

  • March 14, 2022
  • 1 reply
  • 9 views

We're required to put a Country code in the K-2 and for RICs, the IRS says to use OC for Other Country.  ProSeries has no option for OC, Other Country, Various, RIC or anything.  There is also no way to override the form.  Any suggestions, work-arounds, or status update on when this option will be rolled out?

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1 reply

Level 2
March 15, 2022

I am experiencing the same K-2 issue.  Unable to determine a work around. Appears ProSeries has made every other country code available on the IRS approved code list except for OC.