Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

S corp Received 3 K-3s

DTNY07
Level 7

I didn't to create any K-3s until last week.  In those cases it was one K-3 received.  This client has three.  For the k-2 that I create, I thought it would be entering each K-3 received onto 3 different K-2s separately (that then flows to a K-3 for each shareholder).  Is this something where I just create one K-2 and manually add up the data for each of the three K-3s received?    Sorry if this is a basic question, but as I said I didn't have to create any until last week. I did have 1040 clients receiving them, but that was different as it was a personal return.  Thanks 

0 Cheers
1 Best Answer

Accepted Solutions
sjrcpa
Level 15

"manually add up the data for each of the three K-3s received",

Yes, plus the relevant info from the S Corps operations apart from its outside K-1 investments.


Ex-AllStar

View solution in original post

2 Comments 2
sjrcpa
Level 15

"manually add up the data for each of the three K-3s received",

Yes, plus the relevant info from the S Corps operations apart from its outside K-1 investments.


Ex-AllStar
DTNY07
Level 7

Thanks for the info