Schedule K3 box checked on schedule K-1

Forum|Forum|4 years ago
March 24, 2022
1 reply
12 views

Client has K1 from Marcellus partnership, they are limited partner, and line 16, schedule K3 box is checked ... this box says the schedule K3 is attached, But the K-3 schedule is NOT attached TO K1. ... K1 has very small amounts. I think someone may have posted something about this before, but the search function will not let me find it , so if anyone knows what's going on with this , please let me know, thank you

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Best answer by PATAX

I found answer in letter from Trust. It states that if the schedule K3 is ultimately required that it will be accessible in August of 2022 and is not otherwise included in the enclosed tax package. Maybe they should have just unchecked the Box.

PATAXAuthorAnswer

Level 12

I found answer in letter from Trust. It states that if the schedule K3 is ultimately required that it will be accessible in August of 2022 and is not otherwise included in the enclosed tax package. Maybe they should have just unchecked the Box.

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