DPeronteau
Level 2

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

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