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Level 6
September 13, 2022
Solved

S corp received a K-3 from an LLC with Page 17. There is no page 17 in the S corp module

  • September 13, 2022
  • 2 replies
  • 19 views

I am preparing an S corp return that received three K-3s from different LLCs.  One of those K-3s has information on page 17.  The Section is Part X - Foreign Partner's Character and Source of income and Deductions.  There isn't page 17 in the K-2 or K-3 module of the S corp return.  It does exist for the partnership returns in Pro Series.  What do I do for the S corp

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Best answer by JRC

No part X because S Corp shareholders can't be foreign. 

2 replies

JRC
JRCAnswer
Level 7
September 14, 2022

No part X because S Corp shareholders can't be foreign. 

DTNY07Author
Level 6
September 14, 2022

Thanks for the reply.  I absolutely forgot about that.   I had even looked at the IRS instructions like a dope as i thought it was a Pro Series glitch