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K-2 and K-3 trust returns

nancy2
Level 5

Are schedules K-2 and K-3 required for trust returns?  I don't see anything about trusts in any of the forms.  But just logically, it seems like it would be.  

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2 Comments 2
Ephesians3-14
Level 8

Not sure but unless you are filing a return with foreign beneficiaries, etc K-2 and K-3 aren't even a factor.

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nancy2
Level 5

Really?  On the AICPA Town Hall last week they said anyone who had partners who claimed a foreign tax credit had to file.  Even if the partnership itself had no foreign taxes to report.  I hope I misunderstood that, but they talked about it a lot.  

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