- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I don't understand your answer.
I am NOT, (that I know of) preparing a K3 for the corporation. The corporation has no foreign revenues of any kind.
i simply received a K3 included from one of our investment's K1 as i said . There is no place to put this information into Pro-Series that i can see.
In PRO-SERIES, There is even a disclaimer on the Box 16 entry screen stating:
CAUTION: Incoming K-3 information must be manually entered in the appropriate location on return.
YET No instructions exist anywhere as to where that APPROPRIATE location on the return it resides.
i must admit, this is my very first exposure to a K-3 and i am moderately confused about the process.
Any further clarification of where you mean: add the partnership K-3 amount to the K3 you are preparing for the S-Corp would be helpful. Because i received this K3, do i now need to prepare a K3 for the corp?
Thanks,
Dale