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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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- Partnership with a few foreign partners with no income, only capitalized expenses. do I need to file K2, K3
Partnership with a few foreign partners with no income, only capitalized expenses. do I need to file K2, K3
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abbeyz
Level 2
03-08-2022
07:08 AM
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Partnership owns a land that was not able to sell. Each year, partners contribute to pay for the expenses. No income and all expenses are capitalized.
Partnership has a few foreign partners, do the partnership needs to file K2,K3?
Thanks!
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