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    1065 form k-2

    Elizabeth88
    Level 1

    I have a partnership client with dividends received and foreign taxes paid from a US mutual fund.  Can anyone help with how to report the information on schedule K-2?

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    1 Comment 1
    sjrcpa
    Level 15

    Look at the K-2 instructions. you'll need the amount of US dividends, foreign dividends, other gross income, expenses and foreign tax. The dividends are  passive category income.

    Income goes in Part II Section 1. Expenses in Part II Section2. Foreign tax goes in Part III Section 4


    The more I know the more I don’t know.
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