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Level 1
Mar 30, 2023 3:56 PM UTC
Question

Schedule K-3 with US only source income

We received a Form 1065 Schedule K-1 with **bleep** the efiled version filed by the Partnership.

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2 replies

itonewbie
Level 15
Mar 30, 2023 4:48 PM UTC

Nothing to do if your client's return doesn't need that info.  If you're asking about something else, please come back with more info.

(P.S. I wonder if the censorbot will bleep the bleep?)

---------------------------------------------------------------------------------Still an AllStar
Level 4
Mar 30, 2023 10:40 PM UTC

I have had many clients with the K-3 box checked on their K-1 forms. After contacting multiple financial institutions, they stated K-3 forms would be issued by 6/30/23. However, most clients will not receive one even though it is checked. I simply unchecked the K-3 box, allowing me to continue filing the return.